Hindustan Zinc Ltd.'s net profit surged 32% year-on-year during the quarter ended December 2024, thereby exceeding analysts' estimates.
The integrated zinc producer's consolidated bottom line came in at Rs 2,678 crore in the October-December period, according to an exchange filing on Tuesday. That compares with the Rs 2,509-crore consensus estimate of analysts polled by Bloomberg.
Hindustan Zinc Q3 Highlights (Consolidated, YoY)
Revenue up 17.8% at Rs 8,614 crore versus Rs 7,310 crore (Bloomberg estimate: Rs 8,335 crore).
Ebitda rises 27.8% to Rs 4,499 crore versus Rs 3,521 crore (Estimate: Rs 4,348 crore).
Margins at 52.2% vs 48.2% (Estimate: 52.2%).
Net profit up 32% at Rs 2,678 crore versus Rs 2,028 crore (Estimate: Rs 2,509 crore).
Hindustan Zinc's revenues growth was mainly driven by the 'zinc, lead and others' segment, that saw a 21% growth year-on-year. Another factor that may have helped the company's earnings is the 9.8% sequential rise in zinc prices in the December quarter to $3,048 per tonne.
The company's higher Ebitda and margins were mainly aided by an 8% annual fall in power and fuel costs.
After the quarterly results were declared, shares of Hindustan Zinc were trading 1.32% lower at Rs 445.25 apiece on the BSE, compared to a 1.43% climb in the benchmark Sensex.
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