Hindustan Zinc Loses its Shine: Q3 Profits Dim Down to Rs 2,028 Crore

19 Jan 2024 , 03:46 PM

Due to decreased revenue, Hindustan Zinc Ltd (HZL) reported on Friday a 6% decrease in consolidated net profit for the quarter that ended in December 2023, to Rs 2,028 crore.

The company reported in an exchange filing that during the October through December quarter of the previous fiscal year, 2022–2023—it had recorded a net profit of Rs 2,156 crore.

Comparing the July-September quarter to the current one, the profit increased by 17% on a quarterly basis, to Rs 1,729 crore. The company’s overall income decreased to Rs 7,606 crore during the reviewed quarter from Rs 8,214 crore the previous year.

Compared to a year ago, when its expenses were Rs 5,028 crore, they were Rs 4,937 crore. The second-largest integrated zinc and fifth-largest silver producer in the world is Hindustan Zinc.

The corporation headquartered in Udaipur currently controls around 80% of the nation’s expanding zinc market.

For feedback and suggestions, write to us at [e-mail] to decreased revenue, Hindustan Zinc Ltd (HZL) reported on Friday a 6% decrease in consolidated net profit for the quarter that ended in December 2023, to Rs 2,028 crore.

The company reported in an exchange filing that during the October through December quarter of the previous fiscal year, 2022–2023—it had recorded a net profit of Rs 2,156 crore.

Comparing the July-September quarter to the current one, the profit increased by 17% on a quarterly basis, to Rs 1,729 crore. The company’s overall income decreased to Rs 7,606 crore during the reviewed quarter from Rs 8,214 crore the previous year.

Compared to a year ago, when its expenses were Rs 5,028 crore, they were Rs 4,937 crore. The second-largest integrated zinc and fifth-largest silver producer in the world is Hindustan Zinc.

The corporation headquartered in Udaipur currently controls around 80% of the nation’s expanding zinc market.

For feedback and suggestions, write to us at [e-mail]