Silver surge, weak rupee lift Hindustan Zinc’s Q2 profit despite lower output

Silver surge, weak rupee lift Hindustan Zinc’s Q2 profit despite lower output

The company's profit rose 14% on-year to ₹2,649 crore in Q2, while revenue was up 4% at ₹8,549 crore, its highest ever for the July-September period.

Silver adds sheen to Hindustan Zinc's Q2

Hindustan Zinc achieved its highest ever revenue and earnings for a September quarter. A significant rise in silver prices boosted profits. The company's net profit increased by 14% year-on-year. Revenue grew 4% on-year, fueled by higher commodity prices and a stronger dollar. Despite lower silver production, the metal contributed substantially to profits.