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Hindustan Zinc Second Quarter Profit Rises 34%

Net profit rose to Rs 25.45 billion in the three months ended September 30, from Rs 19.02 billion a year earlier, said the company, which is a unit of Vedanta Ltd

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Hindustan Zinc Ltd, India's biggest zinc miner, posted a 34 percent rise in second-quarter profit on Monday, boosted by higher output and increase in metal prices.

Net profit rose to Rs 25.45 billion in the three months ended September 30, from Rs 19.02 billion a year earlier, said the company, which is a unit of Vedanta Ltd.

Revenue from operations rose 52 percent to Rs 53.09 billion, while income from zinc operations rose 45 percent to Rs 39.03 billion.

Mined metal production in the quarter rose 14 percent to 219 kilotonnes, the company said on Monday (23 October). Hindustan Zinc also recorded an exceptional gain of Rs 2.91 billion in the quarter.

(Reuters)


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