Moneycontrol
Apr 20, 2017 04:53 PM IST | Source: Moneycontrol.com

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.

 Moneycontrol News

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.

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