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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 

Silver lining for Hindustan Zinc
Hindustan Zinc

India's biggest zinc miner Ltd posted a 42 percent jump in fourth-quarter net profit on Thursday, topping street estimates, helped by higher 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 rose 72.4 percent to Rs 7,237 crore.

The LME zinc prices have risen about 53 percent from March-end 2016 to March-end 2017.

from zinc operations rose over two fold to Rs 5160 crore, said the company, which is a subsidiary of billionaire Anil Agarwal's Vedanta Ltd. The Indian government has a 29.5 percent stake in

shares rose as much as 5.5 percent after the

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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

The profit growth is the biggest in at least nine quarters

India's biggest zinc miner Ltd posted a 42 percent jump in fourth-quarter net profit on Thursday, topping street estimates, helped by higher 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 rose 72.4 percent to Rs 7,237 crore.

The LME zinc prices have risen about 53 percent from March-end 2016 to March-end 2017.

from zinc operations rose over two fold to Rs 5160 crore, said the company, which is a subsidiary of billionaire Anil Agarwal's Vedanta Ltd. The Indian government has a 29.5 percent stake in

shares rose as much as 5.5 percent after the

image
Business Standard
177 22

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

The profit growth is the biggest in at least nine quarters

India's biggest zinc miner Ltd posted a 42 percent jump in fourth-quarter net profit on Thursday, topping street estimates, helped by higher 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 rose 72.4 percent to Rs 7,237 crore.

The LME zinc prices have risen about 53 percent from March-end 2016 to March-end 2017.

from zinc operations rose over two fold to Rs 5160 crore, said the company, which is a subsidiary of billionaire Anil Agarwal's Vedanta Ltd. The Indian government has a 29.5 percent stake in

shares rose as much as 5.5 percent after the

image
Business Standard
177 22