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Hindustan Zinc declines despite reporting 42% rise in Q4 net profit

Hindustan Zinc is currently trading at Rs. 272.35, down by 10.55 points or 3.73% from its previous closing of Rs. 282.90 on the BSE.

The scrip opened at Rs. 288.50 and has touched a high and low of Rs. 289.00 and Rs. 271.50 respectively. So far 658727 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 333.40 on 03-Feb-2017 and a 52 week low of Rs. 161.00 on 23-May-2016.

Last one week high and low of the scrip stood at Rs. 289.00 and Rs. 266.30 respectively. The current market cap of the company is Rs. 115689.23 crore.

The promoters holding in the company stood at 64.92%, while Institutions and Non-Institutions held 33.26% and 1.83% respectively.

Hindustan Zinc has reported a rise of 42.37% in its net profit at Rs 3056.96 crore for the quarter ended March 31, 2017, as compared to Rs 2147.22 crore for the same quarter in the previous year. Total income of the company surged 72.41% at Rs 7237.28 crore for quarter under review as compared to Rs 4197.60 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has posted a rise of 1.72% in its net profit at Rs 8315.59 crore as compared to Rs 8175.36 crore in FY16. Total income of company increased 16.71% at Rs 21271.71 crore for year under review as compared to Rs 18225.63 crore for the year ended March 31, 2016.

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