Hindustan Zinc Q3 net profit rises 23%; stock recovers from lows
Hindustan Zinc Q3 results: Revenue from operations, meanwhile, rose 32% to ₹7,841 crore as against ₹5,915 crore in the same quarter last year.
Hindustan Zinc today reported consolidated net profit of ₹2,701 crore for the December quarter, which is 23% higher than ₹2,200 crore reported in the last year period.
On a sequential basis, the profit after tax (PAT) rose by 34%. It was ₹2,017 crore in the September quarter (Q2FY22).
The company's EBITDA came in at ₹4,392 crore in the three months period, up 33% year-on-year.
Revenue from operations, meanwhile, rose 32% to ₹7,841 crore as against ₹5,915 crore in the same quarter last year.
On Friday, Hindustan Zinc scrip was trading 1.10% higher in noon deals at to ₹325.65 on NSE.
"We delivered best-ever 9M mined metal production and historic-high quarterly refined metal production. At the current run-rate, we are confident to deliver on the one million mark this year," said Arun Misra CEO of Hindustan Zinc.
"Hindustan Zinc is also geared to invest in world-class technologies and equipment to produce value-added zinc alloy products and provide matching international quality in the domestic market," he added.
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