Hindustan Zinc Q2 net rises 14% as silver boost margins

Hindustan Zinc posts 14% Q2 profit rise, aided strongly by silver earnings windfall.

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46 days ago

Hindustan Zinc Q2 net rises 14% as silver boost margins

Hindustan Zinc Q2 net rises 14% as silver boost margins
Hindustan Zinc’s consolidated net profit for Q2 rose ~14% YoY to ₹2,649 crore, supported by soaring silver prices which contributed nearly 40% to earnings. Zinc operations also held up, with revenue climbing ~3.6%. The company’s outperformance in the metals space helped the stock rally into the close despite pressure elsewhere. Sectoral analysts say the silver link provides a cushion in volatile commodity cycles and margins may stay resilient in coming quarters.
Companies:
  • Hindustan Zinc
Tags:
  • stocks
  • metals