Hindustan Zinc Q4 net profit rises 42% to Rs 3,057 crore

Hindustan Zinc Q4 net profit rises 42% to Rs 3,057 crore

Vedanta Group firm Hindustan Zinc (HZL) on Thursday posted a 42.3 jump in net profit to Rs 3,056.96 crore for the quarter ended March 31, 2017, on the back of higher production and sale of mined metal.

The company had posted a net profit of Rs 2,147.22 crore in the year-ago quarter, HZL said in a filing to BSE. Its total income during the quarter was Rs 7,237.28 crore, a rise of 72.4 per cent over the year-ago period.

“Revenues during the quarter were Rs 6,699 crore, up 97 per cent Y-o-Y on account of strong zinc, lead and silver prices, higher production and sale of mined metal,” the company said in a statement. Read more

Credits: business-standard.com

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