Would have taken govt nod for Hindustan Zinc fee if it was needed: Arun Misra, CEO

 19 Jul 2025 12:26 AM

Hindustan Zinc CEO Arun Misra refuted claims that the company didn't secure government approval for its Brand Fee agreement, emphasizing thorough vetting processes. This response follows Viceroy Research's report suggesting a potential 'event of default.' Despite these concerns, Hindustan Zinc reported a consolidated net profit of ₹2,234 crore for the June quarter, exceeding market expectations.

Hindustan Zinc rejects Viceroy's allegation on brand fee

 18 Jul 2025 09:13 PM

Hindustan Zinc Ltd CEO Arun Misra refuted Viceroy's claim of Vedanta violating the brand fee agreement, asserting that the board followed due process. Misra emphasized that proposals were shared with the government nominee director before board meetings, allowing ample time for review. He clarified that the board ultimately approves or disapproves proposals, ensuring a thorough process.

ICRA, CRISIL reaffirm rating on Vedanta

 18 Jul 2025 08:55 PM

Vedanta announced that Crisil Ratings and ICRA have reaffirmed its credit ratings, highlighting confidence in the company's business stability and financial performance. ICRA reaffirmed Vedanta's long-term rating at AA, while Crisil reaffirmed its long-term ratings of Crisil AAA for Hindustan Zinc Ltd and Crisil AA for Vedanta. Crisil also addressed a recent short-seller report, reaffirming Vedanta's ratings after independent evaluation.

Crisil, ICRA reaffirm credit rating, underscore confidence in business stability, says Vedanta

 18 Jul 2025 08:55 PM

Vedanta announced that Crisil Ratings and ICRA have reaffirmed its credit ratings, highlighting confidence in the company's business stability and financial performance. ICRA reaffirmed Vedanta's long-term rating at AA, while Crisil reaffirmed its long-term ratings of Crisil AAA for Hindustan Zinc Ltd and Crisil AA for Vedanta. Crisil also addressed a recent short-seller report, reaffirming Vedanta's ratings after independent evaluation.

Vedanta-owned Hindustan Zinc Q1 Results: Net profit falls 5% YoY to Rs 2,234 crore; revenue down 4.4%

 18 Jul 2025 02:42 PM

Hindustan Zinc's Q1 profit witnessed a dip. The net profit stood at Rs 2,234 crore. This reflects a 4.7% year-on-year decrease. Revenue also saw a fall of 4.4%. Lower volumes and commodity prices impacted the earnings. However, the company maintained a strong EBITDA margin. Expenses were also reduced during the quarter.

Hindustan Zinc Q1 Results: Vedanta arm reports 4.7% drop in net profit to ₹2,234 crore, revenue down 4.4% YoY

 18 Jul 2025 02:05 PM

Hindustan Zinc Q1 Results: Vedanta arm reports 4.7% drop in net profit to ₹2,234 crore, revenue down 4.4% YoY

HINDUSTAN ZINC: Q1 EBITDA 38.5B RUPEES VS 39.4B (YOY) || Q1 EBITDA MARGIN 49.9% VS 48.4% (YOY)

 18 Jul 2025 01:53 PM

HINDUSTAN ZINC: Q1 EBITDA 38.5B RUPEES VS 39.4B (YOY) || Q1 EBITDA MARGIN 49.9% VS 48.4% (YOY)

HINDUSTAN ZINC: Q1 REVENUE RUPEES 77.2B VS 79B (YOY)

 18 Jul 2025 01:52 PM

HINDUSTAN ZINC: Q1 REVENUE RUPEES 77.2B VS 79B (YOY)

HINDUSTAN ZINC: Q1 SL NET PROFIT RUPEES 22.3B VS 23.6B (YOY)

 18 Jul 2025 01:52 PM

HINDUSTAN ZINC: Q1 SL NET PROFIT RUPEES 22.3B VS 23.6B (YOY)

Hindustan Zinc did not take govt approval for brand fee agreement, says Viceroy

 17 Jul 2025 10:28 AM

Hindustan Zinc, a Vedanta subsidiary, faces scrutiny over its 2023 Brand Fee agreement, as whistleblowers allege it lacked government approval. Viceroy Research suggests this could breach the shareholder agreement, potentially triggering an 'event of default'. The agreement, initiated in October 2022, raises concerns about self-dealing and financial provisions, potentially leading to government intervention.