HINDUSTAN ZINC Q4 NET PROFIT DROPS 21% TO RS 2,038 CRORE

Hindustan Zinc Ltd (HZL), a Vedanta group company, reported a 21% decrease in its consolidated net profit for the quarter ended March 31, 2024. The net profit stood at Rs 2,038 crore compared to Rs 2,583 crore in the same quarter of the previous fiscal year. The decline in net profit is attributed to lower zinc prices, despite a marginal sequential increase and significant cost improvements of 11%.

HZL stated that the drop in net profit was partially offset by a 5% increase in silver volumes. The company's consolidated income for the January-March quarter also decreased to Rs 7,822 crore compared to Rs 8,863 crore in the year-ago period.

Learn More