Vedanta group firm Hindustan Zinc Ltd (HZL) on Friday reported a 35.4 per cent drop in consolidated profit to Rs 1,729 crore for the September quarter due to lower income.
The company had posted a consolidated profit of Rs 2,680 crore in the year-ago period, HZL said in a filing to the BSE.
Consolidated income during the second quarter of the current fiscal declined to Rs 7,014 crore, over Rs 8,703 crore in the year-ago period. Hindustan Zinc is the country’s largest and the world’s second largest integrated zinc producer.
HZL is a subsidiary of Vedanta Ltd, which owns 64.9 per cent stake in the company while the government has a 29.5 per cent stake.
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!
