Hindustan Zinc’s net profit increased by 19%

Delhi Delhi. Hindustan Zinc on August 2 said its consolidated net profit rose 19 per cent to Rs 2,345 crore in the June quarter as against Rs 1,964 crore in the first quarter of FY2024. Shares of Hindustan Zinc were trading 1.4 per cent higher at Rs 657 at 2:40 pm on August 2. The metal firm’s EBITDA rose to Rs 3,951 crore in the first quarter of FY2025 as against Rs 3,3348 crore. Its EBITDA margin stood at 48.6 per cent in the June quarter as against 45.98 per cent in the same quarter a year ago. The company’s operating revenue grew 11 per cent to Rs 7,893 crore in the first quarter of FY2025. Commenting on the performance, CEO Arun Misra said: “Hindustan Zinc has started the year strongly, recording the highest ever mined and refined metal production in the first quarter, benefiting from strong metal prices during the quarter.

I am also extremely pleased to inform you that we have accelerated the start of our renewable energy power distribution with the receipt of the first flow of RE power from the Serentica 180 MW solar project in May 2024. Further, we are set to accelerate our sustainability journey through contributing to economic prosperity and environmental responsibility, and diversifying by responsibly serving high-end sectors with our strategic partnerships to extract saleable products and utilize waste streams to supply next-generation nickel zinc batteries. Further expanding our zinc product portfolio in the world, we have launched Asia’s first low carbon ‘green’ zinc, EcoGen. The company’s carbon emissions per tonne of zinc produced are less than 1 tCO2e, approximately 75% lower than the global average. We strongly believe that we can create further value for the company by creating separate verticals for recycling and silver businesses in the days to come.”