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Hindustan Zinc Q2 Net Profit Surges 142% to ₹6,412 Cr on Record Ebitda
Sentiment: PositiveHigh Priority
What Happened?
Hindustan Zinc Ltd reported a 142% increase in net profit to ₹6,412 crore for Q2 FY27, driven by record Ebitda of ₹9,285 crore and a 77% rise in revenue.
Key points
- Net profit rose to ₹6,412 crore from ₹2,649 crore year-on-year.
- Ebitda more than doubled to ₹9,285 crore, supported by higher metal prices.
- Revenue from operations increased by 77% to ₹15,093 crore.
- Zinc production costs fell 29% to $703 per tonne.
- Silver sales revenue surged 141% to ₹4,111 crore.
- The company secured a letter of intent for a rare earth element block in Karnataka.
Key insights
- The rise in Ebitda suggests improved operational efficiency.
- Increased revenue from silver sales may indicate a growing market for precious metals.
- The company's diversification into rare earth elements could enhance its market position.
Why it matters
The significant profit increase indicates strong operational performance and market demand for zinc and silver.
Tags
Entities
Hindustan Zinc Ltd· CompanyVedanta Group· OrganizationKarnataka· State
Source
Business Standard
