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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sanskrit does not compare with German in the job market

    While there can be no argument that the importance of Sanskrit as an all-India language needs to be emphasised, particularly for the young generation

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

M S Swaminathan

Public good research in agriculture

Public good research in agriculture is designed to promote risk ...

Zehra Naqvi

To hell and back

Here is a book that makes you wish there were ...

Bubbles Sabharwal

When your real & reel life heroes are the same

ALL the world’s a stage and we all are merely ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture