Hindustan Zinc Delivers Robust Q4 FY24 Performance, Declares ₹11 Dividend

Hindustan Zinc [HINDZINC], a prominent subsidiary of Vedanta [VEDL], has reported an impressive financial performance for the fourth quarter of the fiscal year 2024. The company announced a significant surge in its consolidated net profit, alongside robust revenue growth.

For the quarter ended March 31, 2024, Hindustan Zinc recorded a consolidated Profit After Tax (PAT) of ₹5,033 crore. This marks a substantial 68% increase compared to the ₹2,995 crore reported in the corresponding quarter of the previous financial year. The company's revenue from operations also saw a healthy jump, rising by 49% year-on-year to ₹13,544 crore, up from ₹9,087 crore in Q4 FY23.

In a move that will cheer shareholders, the board of directors has also recommended a final dividend of ₹11 per equity share. This demonstrates the company's strong cash flow generation and commitment to shareholder returns.

These strong results underscore Hindustan Zinc's operational efficiency and solid market position in the metals and mining sector, contributing positively to its parent company, Vedanta [VEDL]. The performance reflects improved operational metrics and potentially favourable market conditions during the period.

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