Hindustan Zinc announced a good increase in standalone net profit for the quarter ended December 2016. During the quarter, the profit of the company rose 26.11% to Rs 23,199.00 million from Rs 18,395.80 million in the same quarter last year.
Revenues for the quarter surged 44.67% to Rs 53,840.10 million, compared with Rs 37,215 million for the prior year period.
Operating margin for the quarter was stable at 0.00 percent when compared to previous year period. Operating profit was unchanged at Rs 0.00 million for the quarter, compared with the previous year period.
Earnings per share for the quarter stood at Rs 5.49, registering 26.21% growth over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Dec - 16 | Dec - 15 | %Change |
| Revenues | 53,840.10 | 37,215.00 | 44.67 |
| Net Profit | 23,199.00 | 18,395.80 | 26.11 |
| Diluted EPS | 5.49 | 4.35 | 26.21 |
Shares of the company declined Rs 5.5, or 1.73%, to trade at Rs 312.50. The total volume of shares traded was 301,958 at the BSE (3.35 p.m., Friday).
