Hindustan Zinc Q4 profit declines 13%

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.

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.