Hindustan Zinc said a sharp drop in standalone net profit for the quarter ended March 2014. During the quarter, the profit of the company declined 13.14% to Rs 18,812.00 million from Rs 21,658.10 million in the same quarter previous year.
Net sales for the quarter declined 6.80% to Rs 36,426.80 million, compared with Rs 39,086.50 million for the prior year period.
Earnings per share for the quarter stood at Rs 4.45, registering 13.26% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Mar - 14 | Mar - 13 | %Change |
| Net Sales | 36,426.80 | 39,086.50 | (6.80) |
| Net Profit | 18,812.00 | 21,658.10 | (13.14) |
| Basic EPS | 4.45 | 5.13 | (13.26) |
Shares of the company gained Rs 1.6, or 1.22%, to trade at Rs 133.20. The total volume of shares traded was 112,372 at the BSE (2.59 p.m., Monday).
