India: Hindustan Zinc's Q2FY'25 profit soars 35% on rising zinc prices
Hindustan Zinc reported a net profit of INR 2,327 crore in Q2FY'25, a 35% y-o-y increase, driven by rising zinc prices due to stronger Chinese demand and supply concerns. Parallelly, revenue rose 21% y-o-y to INR 8,004 crore. The Vedanta-backed company also approved an INR 327 crore investment for a 26% stake in Serentica Renewable India, securing 530 MW of renewable power for 25 years.