Hindustan Zinc Q4 profit declines 13%

Company had posted a profit of Rs 2,166 crore in the same quarter of the previous financial year

Press Trust of India New Delhi
Last Updated : Apr 21 2014 | 5:02 PM IST
Lower volume and prices took the shine off Hindustan Zinc as the zinc and copper maker today reported a 13% 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% to Rs 1,881 crore as compared to previous year, in line with EBITDA and partly offset by higher other income," HZL said.

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Earnings before interest, taxes, depreciation and amortisation (EBITDA) was lower by 18% 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% to Rs 3,589 crore in the quarter.
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First Published: Apr 21 2014 | 4:38 PM IST

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