Hindustan Zinc net profit falls 19 per cent in Q4FY19

The company has reported its net profit at Rs. 2,012 crore for the Q4FY19 as compared to Rs. 2,505 crore for the same quarter in the previous year thus presenting a fall of 19.68 per cent. 

Total income of the company declined by 10.33 per cent at Rs. 6,030 crore for Q4FY19 as compared Rs. 6,725 crore for the corresponding quarter in the previous year. For the year ended March 31, 2019, the company has reported a fall of 14.23 per cent in its net profit at Rs. 7,956 crore as compared to Rs. 9,276 crore for the previous year. Total income of the company decreased by 5.51 per cent at Rs. 22,900 crore for the year as compared to Rs. 24,235 crore for the year ended March 31, 2018. 

On Monday, the shares of Hindustan Zinc opened at Rs. 270 against Friday’s close of Rs. 274.10. At closing hours, the stock was trading at Rs. 274.30 up by 0.07 per cent. It reached an intraday high of Rs. 274.30 and an intraday low of Rs. 269.20 per share on the BSE. The 52-week high stood at Rs. 308.90 and 52-week low was at Rs. 243 per share on the BSE.