Vedanta Group Appoints Amarendu Prakash as Hindustan Zinc CEO-Designate Amid Net Profit Surge

Hindustan Zinc Ltd. has appointed Amarendu Prakash as its Chief Executive Officer-designate, effective August 1. This move comes as the company reported a significant increase in net profit for the first quarter of FY27, driven by higher zinc and silver prices.

The company's consolidated net profit surged to Rs 54.69 billion for the quarter ended June 30, compared with Rs 22.34 billion in the corresponding period last year. Net profit margin improved to 40%, up from 29% a year earlier.

Hindustan Zinc's revenue from operations rose 77% year-on-year to Rs 137.47 billion, supported by stronger realisations for both base and precious metals. Total expenses increased 33.2% to Rs 67.49 billion during the quarter.