Hindustan Zinc Q4 profit declines 13pct to INR 1881 crore
Time:Thu, 24 Apr 2014 00:12:31 +0800
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Lower volume and prices took the shine off Hindustan Zinc as the zinc and copper maker reported a 13% dip in net profit to INR 1,881 crore. The company had posted a profit of INR 2,166 crore in the same quarter of the previous financial year.
HZL said that in Q4, net profit declined by 13% to INR 1,881 crore as compared to previous year, in line with EBITDA and partly offset by higher other income.
EBITDA was lower by 18% in the quarter on lower volume and metal prices. Other income rose to INR 589 crore from INR 401 crore. Net sales declined 7% to INR 3,589 crore in the quarter.
