Hindustan Zinc Q1 Results: Net Profit Surges Nearly 20%, Margin Expands 250 Basis Points
The company’s net profit surged by 19.4% year-on-year to ₹2,345 crore.
Hindustan Zinc Ltd., a subsidiary of Vedanta, has reported a robust financial performance for the first quarter of the fiscal year, showcasing significant growth in net profit and revenue.
Key Financial Highlights:
- Net Profit: The company’s net profit surged by 19.4% year-on-year to ₹2,345 crore.
- Revenue: Revenue for the quarter increased by 11.6% compared to the same period last year, reaching ₹8,130 crore.
- EBITDA: Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) rose 18% to ₹3,946 crore from ₹3,347 crore in the previous year.
- EBITDA Margin: EBITDA margins expanded by 250 basis points, moving from 46% last year to 48.5% this year.
Business Segment Performance:
- Core Zinc, Lead, and Other Businesses: These segments saw a revenue growth of 16.6%, totaling ₹6,421 crore.
- Silver Metal Revenue: Revenue from silver metal increased by 10% year-on-year, reaching ₹1,427 crore.
Shareholding and Market Performance:
- Vedanta’s Stake: Vedanta held a 64.92% stake in Hindustan Zinc at the end of the June quarter.
- Stock Performance: Hindustan Zinc shares have doubled in value so far in 2024, posting a 102% gain. However, they are currently trading 0.4% lower at ₹645.
Conclusion
Hindustan Zinc's strong Q1 performance underscores the company's robust operational efficiency and market strategy. With significant growth in net profit, revenue, and EBITDA margins, the company continues to strengthen its position in the metals and mining sector. The expansion in EBITDA margins highlights improved cost management and operational efficiencies. Despite a minor dip in share price on the day of the announcement, the stock's impressive performance over the year reflects investor confidence and the company's strong market standing.
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