Hindustan Zinc Beats Quarterly Profit Estimates
The company reported a net profit of 50.33 billion rupees for the fourth quarter as silver and zinc prices climbed. Higher production helped revenue grow 49%.
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India's largest zinc miner, HINDUSTAN ZINC LTD, has reported a significant fourth-quarter profit that surpassed market expectations. The company, a subsidiary of VEDANTA LTD, saw its consolidated net profit jump 67.6% to 50.33 billion rupees ($533.91 million) for the quarter ending March 31. This result comfortably beat the average analyst estimate of 45.19 billion rupees provided by LSEG data.
