Shares of Hindustan Zinc (HZL) ended the day over 1 per cent lower after the company reported a 20 per cent decline in total income in the March quarter of the last fiscal.
After falling 3.5 per cent to Rs 167.85 in intra-day trade, shares of the company later trimmed some of its earlier losses and finally ended at Rs 172.10, down 1.06 per cent on BSE.
At NSE, shares of the company settled at Rs 172.10, a loss of 1.17 per cent.
On the volume front, 2.89 lakh shares of the company changed hands at BSE and over 30 lakh shares were traded at NSE during the day.
Hindustan Zinc yesterday reported an 8 per cent growth in its March quarter net profit to Rs 2,149 crore.
The firm, part of metals and mining conglomerate Vedanta Ltd, had clocked a net profit of Rs 1,997.44 crore in the year-ago quarter, it had said in a regulatory filing.
However, the firm led by billionaire Anil Agarwal posted a 20 per cent decline in total income at Rs 3,132.39 crore in January-March, from Rs 4,125.68 crore during the same period in 2014-15, due to lower zinc volume and depressed prices at the London Metal Exchange (LME).
On the decline in revenue, HZL said: "The decrease was on account of lower zinc volumes and LME, partly offset by higher volumes of lead and silver and rupee depreciation.
