Hindustan Zinc Q3 Profit Up By 27% - InvestingChannel

Hindustan Zinc Q3 Profit Up By 27%

Hindustan Zinc Ltd., India’s lone integrated producer of zinc and lead, announced financial results for the third-quarter, reporting a higher net profit on increased income.

The Udaipur, Rajasthan-based company posted a third-quarter net profit of Rs.1,612.54 crore or Rs.3.82 per share, rose by 27 percent from the Rs.1,273.60 crore or Rs.3.01 per share in the third-quarter of 2012.

Its quarterly net income grew by 14 percent to Rs.3,140.43 crore from the Rs.2,746.77 crore in the year-ago quarter, while other operating income totaled Rs.37.59 crore, compared with Rs.39.65 crore in the prior-year quarter.

During the quarter, income from ‘Zinc, Lead & Silver’ segment stood at Rs.2.472.66 crore, flat from last year’s Rs.2,471.20 crore in the corresponding quarter last year, while that of ‘Wind Energy’ amounted to Rs.644.43 crore, compared with Rs.255.27 crore in the previous-year quarter.

For the nine months, the company’s net profit grew by 15 percent to Rs.4,733.67 crore from the Rs.4,113.20 crore in the corresponding period a year ago. Net income during the period rose by six percent to Rs.8,675.40 crore from the Rs.8,161.61 crore for the comparable period last year, while other operating income amounted to Rs.115.79 crore, compared with Rs.108.70 crore for the nine months ended December 31, 2011.

At the BSE, Hindustan Zinc shares are currently trading at Rs.129.45, down by 1.93 percent from the previous close.

To receive FREE breaking news email alerts for Hindustan Zinc Ltd. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.comBusiness News