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

The profit growth is the biggest in at least nine quarters

Reuters 

India's biggest zinc miner Hindustan Zinc Ltd posted a 42 percent jump in fourth-quarter net profit on Thursday, topping street estimates, helped by higher income from zinc production and an increase in metal prices. Net profit rose to Rs 3,057 crore ($473.2 million) for the January-March quarter from Rs 2,147 crore a year earlier. The profit growth is the biggest in at least nine quarters. Analysts on average had expected a net profit of Rs 2,852 crore, according to Thomson Reuters data. Total income rose 72.4 percent to Rs 7,237 crore. The LME zinc prices have risen ...

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First Published: Thu, April 20 2017. 16:19 IST
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