Don’t miss the latest developments in business and finance.

Hindustan Zinc quarterly profit up 81% as metal prices increase

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

HZL, Hindustan Zinc Ltd
Representative Image. Photo: Twitter @Hindustan_Zinc
Reuters
Last Updated : Jul 20 2017 | 4:35 PM IST

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.

 

Also Read

First Published: Jul 20 2017 | 4:35 PM IST

Next Story