Hindustan Zinc, an integrated mining and resources producer of zinc, lead, silver and cadmium, on Friday reported a rise of 6.82% in its quarterly net profit.
The company posted a net profit of Rs. 17.22 billion for the quarter ended December 31, 2013 as compared to Rs. 16.12 billion for the same quarter last year.
Total Income has increased by 8.55% to Rs 34.50 billion for the quarter ended December 31, 2013 as compared with Rs. 31.78 billion for the corresponding quarter, a year ago.
EBITDA of the company came in at 21% to Rs 18.29 billion.
Commenting on the Q3 performance, Agnivesh Agarwal, chairman, Hindustan Zinc said, 'The emerging global demand supply dynamics is leading to a consistent deficit scenario as anticipated. We remain focused on driving growth while maintaining our cost leadership.'
Shares of the company declined Rs 1.5, or 1.15%, to trade at Rs 128.95. The total volume of shares traded was 285,624 at the BSE (3.22 p.m., Friday).