Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessEarnings

Hindustan Zinc posts 42% rise in Q4 profit at Rs 3,057 cr, margin expands 940 bps

The company also reported a 72.4 percent jump in its total income at Rs 7,237 crore against Rs 4,197.6 crore year on year.

April 20, 2017 / 05:26 PM IST

Hindustan Zinc on Thursday posted stellar set of numbers for January-March quarter as its profit grew by 42 percent in Q4 to Rs 3,057 crore against Rs 2,147.2 crore during the same quarter last year.

The company reported a 72.4 percent jump in its total income at Rs 7,237 crore against Rs 4,197.6 crore YoY, while its operating  profit rose to Rs 4,215 crore against Rs 2,049 crore during March quarter last year.

The margin, too, reported higher than last year at 58.2 percent against 48.8 percent.

Tax expenses for the company more than doubled to Rs 820.6 crore against Rs 383 crore on yearly basis.

According to a CNBC-TV18 poll, the subsidiary of Vedanta Resources Plc was expected to show a healthy 29 percent growth in profit at Rs 2,764 crore and 88 percent growth in topline at Rs 5,900 crore compared with same quarter last fiscal, according to average of estimates of analysts polled by CNBC-TV18.

Reacting positively to the development, the stock closed 4.29 percent higher at Rs 282.90.

first published: Apr 20, 2017 04:16 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347