Hindustan Zinc's Consolidated Net Profit Declines in Fiscal Q1

MT Newswires Live
18 Jul

Hindustan Zinc (NSE:HINDZINC, BOM:500188) witnessed a decline in its consolidated net profit to 22.3 billion Indian rupees in the fiscal first quarter ended June 30, against 23.4 billion rupees a year ago.

Earnings per share contracted to 5.29 rupees compared with the year-ago figure of 5.55 rupees, according to a Friday filing to the Indian stock exchanges by the zinc manufacturer.

Revenue from operations in fiscal Q1 also fell to 77.7 billion rupees from 81.3 billion rupees a year earlier.

The company's shares were down nearly 1% in recent trade.

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