Hindustan Zinc Q2 Results: Hindustan Zinc Ltd on Friday reported an 35% year-on-year rise in its consolidated net profit for the fiscal’s second quarter ended September (Q2FY25) to ₹2,327 crore. The company had reported a profit of ₹1,729 crore in the year-ago period. Sequentially, consolidated net profit was down nearly 1% from ₹2,345 crore in Q1FY25.
The company’s consolidated revenue from operations rose 21% on year to ₹8,004 crores during the quarter ended September from ₹6,619 crore in Q2FY24. Sequentially, consolidated revenue rose 1.4% from ₹7,893 crore in Q1FY25.
In the September 2024 quarter, the company’s total expenses increased to ₹5,309 crore from ₹4,709 crore in the same quarter of the previous year.
On August 20, 2024, the company’s board of directors approved an interim dividend of ₹19 per equity share for the financial year 2024-25, totalling ₹8,028 crore. The record date for the dividend is set as August 28, 2024.
Furthermore, the company has announced plans to invest a minimum of 26% of equity in Serentica Renewable India Private Limited (SRIPL) or its affiliates.
In the reported quarter, Hindustan Zinc increased its operating margin to 40% from 34% in the same period last year. Similarly, the net profit margin also saw an improvement, rising to 29% from 26% in the year-ago period.
Breaking it down by segment, the zinc/lead division generated a revenue of ₹6,403 crore in Q2FY25, an increase from ₹5,259 crore in Q2FY24. Meanwhile, the Silver segment reported a revenue of ₹1,550 crore in the quarter, up from ₹1,297 crore in the previous year’s period.
Hindustan Zinc share price today
Hindustan Zinc share price today opened at ₹506.90 apiece on the BSE, the stock touched an intraday high of ₹520, and a intraday low of ₹494.75 per share. On Friday’s session, the stock closed flat at ₹507.50 apiece.
“Hindustan Zinc share price have been moving within a narrow range over the past few weeks, with 490 serving as support and 530 as resistance. Currently, there is no clear trend, and the next directional move will become evident only after a breakout from this range,” said Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One.
Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
