Hindustan Zinc Q4 net profit jumps 85.29% at Rs 2481.00 cr
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The company reported standalone net profit of Rs 2,481.00 crore for the quarter ended March 31, 2021 as compared to Rs 1339.00 crore in the same period last year, registering a year-on-year growth of 85.29 per cent. Net revenue of the company rose substantially by 55.64 per cent at Rs 6,725.00 crore in January-March quarter of this fiscal as against Rs 4,321.00 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 26.58 per cent to Rs 3,072.00 crore from Rs 2,427.00 crore in year ago period. Other Income dipped by 37.23 per cent at Rs 295.00 crore versus (Mar'20 Rs 470.00 crore).
Operating Profit surged by 97.30 per cent to Rs 3,875.00 crore as against Rs 1,964.00 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 26.78 per cent in March quarter. Interest grew by 718.75 per cent y-o-y to Rs 131.00 crore, while Taxation increased by 63.88 per cent at Rs 862.00 crore (Mar'20 Rs 526.00 crore).
