Hindustan Zinc Q3 net profit rises 7 pc to Rs 1,723 crore

Higher revenue and better margins helped Hindustan Zinc's net profit to rise 7 per cent to Rs 1,723 crore in the third quarter of the current financial year from Rs 1,613 crore a year ago.

Profit of the company, with interests in zinc, lead and silver among others, would have been better but for lower other income and higher tax outgo during the quarter, it said in a BSE filing.

Though revenue and EBITDA (earnings before interest, taxes, depreciation and amortisation) were up by 9 per cent and 21 per cent to Rs 3,410 crore and Rs 1,828 crore, respectively, HZL's other income fell by Rs 78 crore and tax outgo went up by Rs 102 crore during the quarter.

"The increase (in revenue) was driven by higher zinc sales volume and rupee depreciation, partially offset by lower silver and acid prices," it said, adding that EBITDA improved due to higher integrated sales volume and rupee depreciation.

EDITORIAL OF THE DAY

  • Strict disclosure norms on unspent client funds will only help the market grow

    The Securities and Exchange Board of India’s (Sebi’s) reported move to make it difficult for stockbrokers to misuse client funds should be a much-

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Tushar Gandhi

An unexplored side of rural enterprise

What is rural enterprise? Ask this qu­estion and 9 out ...

Kuruvilla Pandikattu

Black and white of morality

Would you kill one innocent person to save five? Choose ...

Dharmendra Khandal

So, how do we define a 'vermin'?

These days there’s an ongoing debate whether to declare various ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture