Hindustan Zinc shares jump nearly 5% after Q4 earnings
Premium- Vedanta group firm Hindustan Zinc on Tuesday reported 85.2 per cent rise in net profit at ₹2,481 crore for the quarter ended March 31, 2021 on the back of higher income
NEW DELHI : Shares of Hindustan Zinc jumped nearly 5 per cent on Tuesday after the company reported 85.2 per cent rise in net profit for the quarter ended March 31, 2021.
It gained 4.78 per cent to close at ₹318.70 on the BSE. During the day, it jumped 6 per cent to ₹322.55.
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On the NSE, it rallied 4.52 per cent to close at ₹317.90.
In traded volume terms, 3.62 lakh shares were traded at the BSE and over 93 lakh units at the NSE during the day.
Vedanta group firm Hindustan Zinc on Tuesday reported 85.2 per cent rise in net profit at ₹2,481 crore for the quarter ended March 31, 2021 on the back of higher income.
The company had posted a net profit of ₹1,339 crore in the year-ago period, Hindustan Zinc said in a filing to BSE.
The income increased to ₹7,242 crore in the quarter under review over ₹4,861 crore in the year-ago period, the filing said.
"Net profit for the quarter was ₹2,481 crore, up 85 per cent Y-o-Y and 13 per cent sequentially, driven by recovery in metal prices and strict cost disciple," the company said in a statement.
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