Hindustan Zinc share price gains 3% amid announcing Q3FY25 update, here are details
Hindustan Zinc has achieved its highest-ever mined and refined metal production for nine months. It achieved mined metal production of 784,000 tonnes, representing a 1 percent increase from the previous year.
Hindustan Zinc share price gains 3 amid announcing Q3FY25 update, here are details
Shares of Hindustan Zinc rose 3 percent at Rs 466.75 a piece on the BSE in Friday’s intraday trade. The shares surged after it reported mixed metrics in its Q3FY25 financial update. In the third quarter of FY25, Hindustan Zinc recorded mined metal production of 265,000 tonnes, which marked a marginal 2% decline compared to the same period in the previous fiscal year.
Saleable metal production remained steady at 259,000 tonnes. Refined zinc production slightly increased to 204,000 tonnes, while refined lead production marginally declined to 55,000 tonnes. Silver output during the quarter stood at 160 tonnes (5.2 million ounces), registering an 18 percent year-on-year decline. Wind power generation during the period was 47 million units, down 14 percent from Q3 FY24.
Read Also : Third Wave Coffee appoints Akshat Arora as Marketing DirectorHindustan Zinc has achieved its highest-ever mined and refined metal production for nine months. It achieved mined metal production of 784,000 tonnes, representing a 1 percent increase from the previous year.
Saleable metal production rose to 783,000 tonnes, driven by a 3 percent growth in refined zinc output, which reached 613,000 tonnes, and a 4 percent increase in refined lead production to 170,000 tonnes.
Silver production over the nine months totaled 511 tonnes (16.4 million ounces), reflecting an 8 percent year-on-year decline. Wind power generation during this period stood at 285 million units, a 14 percent reduction compared to the same period last year.
The company has a total market capitalization of Rs 1.97 trillion. Its shares are trading at a price-to-earnings multiple of 21.90 times and at an Earning per share of Rs 20.68.
The stock price of the company advanced by 3 percent at Rs 466.45 a piece on the BSE. By comparison, the BSE’s Sensex was down 0.37 per cent to 79,651.32 level.
Read Also : Maha Kumbh Police Empowers On-ground Personnel with Eveready Siren Torches to Ensure Crowd Safety at Maha Kumbh 2025News Must Read
- NLCIL introduces free special bus service for intellectually challenged school children
- EPFO simplified process for transfer of PF account on change of jobs
- Powergrid Director (Operations) Discusses cooperation with UAE GCC Authority
- Railways Minister Ashwini Vaishnaw Inspects Mumbai Bullet Train Tunnel Construction
- Coal India Ltd aims for 4-5% production growth in FY25
- SAIL supplied entire 4,000 tonnes of special steel for INS Nilgiri
- Indian Bank Welcomes New Managing Director & CEO
- PFC signs Rs. 6,500 Crore loan agreement
- Indian Railway Finance signs lease agreement with NTPC Ltd for up to Rs 700 crores
- Punjab & Sind Bank Q3FY25 results: Net profit stood at Rs 282 crore, Gross NPAs declines 3.8%