Hindustan Zinc Ltd., a subsidiary of the Vedanta Group, reported a significant increase in its consolidated net profit for the quarter ending December 31, 2024. The company’s net profit surged by 32 percent to Rs 2,678 crore compared to Rs 2,028 crore in the same period last year. This growth was driven by higher consolidated income, which rose to Rs 8,832 crore from Rs 7,606 crore year-on-year. Total expenses also increased to Rs 5,305 crore during the quarter, reflecting the company’s strategic investments and operational costs.
The rise in profitability was attributed to increased revenue from operations, which reached Rs 8,614 crore, marking an 18 percent year-on-year increase. This growth was fuelled by higher prices of zinc and silver, supported by a strong dollar. CEO Arun Misra highlighted the company’s focus on operational excellence, environmental sustainability (ESG), and continuous improvement, resulting in record production levels over the past nine months.
As of December 31, 2024, Hindustan Zinc maintained robust financial health with substantial investments and cash equivalents amounting to Rs 8,153 crore, primarily in high-quality debt instruments. The company’s net debt reduced to Rs 4,117 crore from Rs 5,721 crore as of September 30, 2024, positioning it well to pursue its growth strategy and enhance shareholder value through operational efficiency and cost management.
Hindustan Zinc Ltd., recognised as the world’s second-largest integrated zinc producer and third-largest silver producer, serves a global clientele across more than 40 countries. The company continues to dominate the primary zinc market in India with a market share of approximately 75 percent.
