Hindustan Zinc Q2 Results: Profit Rises 34.6%, Meets Estimates

• Revenue rose 21.5% to Rs 8,252 crore (Bloomberg estimate: Rs 7,899.38 crore).

• Ebitda rose 31.3% to Rs 4,123 crore (Bloomberg estimate: Rs 3,945.7 crore).

• Margins expanded 374 basis points to 49.96%.

• Net profit rose 34.6% to Rs 2,327 crore (Bloomberg estimate: Rs 2,251.3 crore).

The company reported an exceptional loss of Rs 83 crore for the quarter and half year ended September 2024.

Shares of the company fell as much as 2.79% to Rs 494 apiece intraday before closing 0.33% lower at Rs 506.50 apiece. This compares to a 0.42% advance in the NSE Nifty 50.

The stock has risen 59.63% on a year-to-date basis and 61.69% in the last 12 months. Total traded volume in the day stood at 1.7 times its 30-day average. The relative strength index was at 46.92.

Out of 12 analysts tracking the company, one maintains a 'buy' rating, one recommends a 'hold,' and 10 suggest a 'sell,' according to Bloomberg data. The average 12-month consensus price target implies a downside of 22.3%.