Vedanta Subsidiary Hindustan Zinc Reports 47% Profit Jump in Q3, Shares Surge

• Hindustan Zinc Limited, a Vedanta subsidiary, announced a 47% year-on-year increase in net profit for the October-December quarter.
• Net profit reached Rs 3,879 crore, up from Rs 2,647 crore in the same quarter last year, partly due to a 33% rise in other income.
• The company's EBITDA for Q3 stood at Rs 6,005 crore, surpassing CNBC-TV18's estimate, with a 34.7% year-on-year increase.
• EBITDA margin improved to 55% from 52% in the previous year, aligning with analyst expectations.
• Following the results, Hindustan Zinc shares surged 3.7% to Rs 661.1, reflecting significant gains over the last 6 months (49.08%).

Why It Matters: Hindustan Zinc, a Vedanta subsidiary, reported a strong 47% profit growth in Q3, driving its share price up.