Hindustan Zinc fell 5.47% to Rs 309.20 at 14:30 IST on BSE after net profit declined 18.06% to Rs 2505 crore on 0.35% rise in net sales to Rs 6277 crore in Q4 March 2018 over Q4 March 2017.
The result was announced after market hours on Monday, 30 April 2018.On the BSE, 1.92 lakh shares were traded in the counter so far compared with average daily volumes of 1.80 lakh shares in the past two weeks. The stock had hit a high of Rs 321.15 and a low of Rs 309 so far during the day. The stock hit a 52-week high of Rs 339.55 on 26 February 2018. The stock hit a 52-week low of Rs 226.75 on 25 May 2017.
Net profit rose 11.54% to Rs 9276 crore on 27.85% rise in net sales to Rs 22084 crore in the year ended March 2018 over the year ended March 2017.
Mined metal production in the quarter was 18% lower to 255 kilotonnes year-on-year, hurt by a decline in overall ore grades due to transition from open cast to underground mining, the company said.
Hindustan Zinc is the one of the largest integrated producers of zinc-lead with a capacity of 1.0 million MT per annum and a leading producer of silver.
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