Vedanta Group firm Hindustan Zinc Ltd (HZL) today posted a marginal 1.5 per cent rise in net profit at Rs 1,918 crore for the quarter ended on June 30, 2018.
The company had posted a net profit of Rs 1,889 crore in the year-ago period, Hindustan Zinc Ltd (HZL) said in filing to BSE.
Total income during the April-June quarter increased to Rs 5,609 crore from Rs 5,527 crore in the year-ago period.
The revenue from operations (net of excise duty) during the period increased to Rs 5,310 crore, over Rs 4,576 crore in the year-ago period.
Revenue from operations increased by 16 per cent Y-o-Y primarily due to higher zinc LME price, rupee depreciation and higher lead and silver volumes, partly offset by lower zinc volume, the company said in a statement.
Lower metal volumes led to a sequential decline in revenue, the company added.
Commenting on the result, the company's chairman Agnivesh Agarwal said, "We are steadily increasing production from underground mines to fill the gap caused by closure of open-cast operation. As the year progresses, we will deliver record performance. As the journey towards 1.2 million tonne (MT) output accelerates, we have started planning for our next phase of expansion."
Integrated silver output was 138 MT , up 20 per cent