Hindustan Zinc posts Q3 net profit of Rs.1,811 crore

New Delhi, Jan 21 (IANS) Hindustan Zinc posted net profit of Rs.1,811.39 crore for the quarter ended December 31, 2015, the company said on Thursday.

The company had posted net profit of Rs.2,379.37 crore during the corresponding quarter (October-December) in 2014-15. The net profit for the third quarter (October-December) was down by 23.87 percent.

The total income of the company has decreased from Rs.4,665.29 crore for the quarter ended December 31, 2014 to Rs.3,985.25 crore for the quarter ended December 31, 2015.

“We are happy to report strong refined metal production with silver touching new highs. However, the current low zinc metal prices are contrary to the market fundamentals. We are carrying out a review of our high cost operations to ensure all of our operations are sustainable in the present weak zinc market,” said Hindustan Zinc chairman Agnivesh Agarwal.

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