Hindustan Zinc Q2 net profit up 14.5% to Rs 1540 cr

Hindustan Zinc, a subsidiary of London Stock Exchange-listed Vedanta Resources, reported better-than-expected numbers in the July-September quarter of current financial year. Net profit rose by 14.5 percent year-on-year to Rs 1,540 crore led by higher other income, but fell by 3 percent QoQ.

Net sales increased 8.8 percent YoY and 4 percent QoQ to Rs 2,822.3 crore.

Analysts on an average had expected net profit at Rs 1,385 crore and net sales of Rs 2,720 crore during the quarter.

Other income in the September quarter stood at Rs 540 crore versus Rs 409 crore year-on-year.

Source: www.moneycontrol.com

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