Hindustan Zinc quarterly profit up 81% as metal prices increase

Hindustan Zinc Ltd, India's biggest zinc miner, posted an 81 per cent jump in quarterly profit on Thursday, boosted by higher income from zinc operations and an increase in the metal prices.

Net Profit rose to $291.16 million in the financial year, Q1 ended June 30 from Rs 1,037 crores a year earlier, the company, which is a unit of Vedanta Ltd, said. 

Total income rose 61.2 per cent to 55.43 billion rupees, while income from zinc operations rose 97 per cent.

LME zinc prices climbed about 31 per cent in the year to June-end 2017.