Hindustan Zinc Q4 profit declines 13 pc to Rs 1,881 crore

Lower volume and prices took the shine off Hindustan Zinc as the zinc and copper maker today reported a 13 per cent dip in net profit to Rs 1,881 crore.

The company had posted a profit of Rs 2,166 crore in the same quarter of the previous financial year, it said in a statement.

"In Q4, net profit declined by 13 per cent to Rs 1,881 crore as compared to previous year, in line with EBITDA and partly offset by higher other income," HZL said.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) was lower by 18 per cent in the quarter on lower volume and metal prices, it said. Other income rose to Rs 589 crore from Rs 401 crore.

Net sales declined 7 per cent to Rs 3,589 crore in the quarter.

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E-mail ID will not be published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

  • Those willfully defaulting on loans should be blacklisted by Sebi

    As reported by this newspaper’s Monday edition, the Securities and Exchange Board of India (Sebi) has found merit in the Reserve Bank of India’s s

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

Arun Kumar Jain

Kickstarting technological innovation

One of the key dimensions of global competitiveness is the ...

Kuruvilla Pandikattu SJ

Developing moral, spiritual capacity

Writing in The Huffington Post, Noam Chomsky, professor emeritus, MIT ...

Gautam Gupta

Manufacturing must keep workers’ welfare in mind

It may be early days yet, but the labour reforms ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture