Continued strength in demand and a potential upturn in zinc prices could help the company reap rich rewards, with Nuvama Institutional Equities expecting Ebitda to increase by 20% in FY25 and FY26.
Hindustan Zinc Q1 FY24 results: Net profit for the quarter was at Rs 1,964 crore, down 36.50 per cent (YoY)and 24 per cent sequentially (quarter-on-quarter), primarily on account of lower EBITDA partly offset by lower tax expense. EBITDA for Q1 FY24 was Rs 3,359 crore, down 36.40 per cent YoY and 20.20 per cent QoQ.
The company's revenue from operations rose 45 per cent to Rs 9,236 crore in the quarter under review from Rs 6,378 crore in the same quarter last fiscal.