Hindustan Zinc‘s share price was in the green on Friday afternoon after the company posted its earnings for the June quarter.
What Happened: The Vedanta subsidiary reported a 19.4% increase in consolidated net profit for the June quarter, reaching ₹2,345 crore compared to the ₹1,964 crore posted in the same period last year.
Revenue for the quarter went up 11.6% to ₹8,130 crore, compared with the ₹7,282 crore revenue booked in the year-ago period.
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The company’s EBITDA saw an 18% growth, reaching ₹3,946 crore from ₹3,347 crore in the previous year. EBITDA margins also expanded by 250 basis points, up to 48.5% from 46% last year.
The company’s core Zinc, Lead, and other businesses saw a revenue increase of 16.6%, totalling ₹6,421 crore. Revenue from silver metal rose by 10%, reaching ₹1,427 crore.
Price Action: Hindustan Zinc’s share price was up 1.04% to trade at ₹654.35 in the late hours of trading on Friday.
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