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The growth was driven by higher LME prices while being partially offset by the rising input commodity prices, the firm stated in an exchange filing
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Hindustan Zinc on Thursday released its results for the quarter ended June 2022 and reported a 55.9 per cent year-on-year (YoY) rise in net profit to Rs 3,092 crore compared to Rs 1,983 crore in the same quarter last year.
The growth was driven by higher LME prices while being partially offset by the rising input commodity prices, the firm stated in an exchange filing.
Its revenue from operations in the quarter came in at Rs 9,387 crore, up 43.7 per cent YoY. This was led by higher zinc volumes and zinc LME prices as well as favourable exchange rates while partly offset by lower silver prices.
Shares of Hindustan Zinc were trading 1.45 per cent higher at Rs 283.00 apiece on the NSE at 3:17 pm on Thursday.