Revenue from operations too declined 7% year-on-year to Rs 7,067 crore in the said third quarter. On a sequential basis, net profit jumped 17% from Rs 1,729 crore reported in the preceding quarter, while revenues were up 8% quarter-on-quarter.
Hindustan Zinc net up 36% on higher realisation
January 20, 2021
An aerial view of Hindustan Zinc Ltd s Zinc Smelter in Visakhapatnam - KR DEEPAK×
Hindustan Zinc, a Vedanta Group company, has reported a 36 per cent jump in December quarter net profit at ₹2,200 crore against ₹1,620 crore logged in same period last year, on the back of higher realisation and lower cost of production.
Revenue from operations was up 28 per cent at ₹5,915 crore (₹4,626 crore).
Zinc production was up two per cent at 1,82,000 tonnes while lead output increased 28 per cent to 52,000 tonnes and that of silver jumped 23 per cent to 183 tonnes.
Sales realisation from zinc was up 21 per cent at ₹3,835 crore while lead and silver increased 25 per cent and 66 per cent to ₹817 crore and ₹1,146 crore, respectively.