Hindustan Zinc Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
April 19, 2024 at 04:41 am EDT
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Hindustan Zinc Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 72,850 million compared to INR 82,810 million a year ago. Revenue was INR 78,220 million compared to INR 88,630 million a year ago. Net income was INR 20,380 million compared to INR 25,830 million a year ago. Basic earnings per share from continuing operations was INR 4.82 compared to INR 6.11 a year ago. Diluted earnings per share from continuing operations was INR 4.82 compared to INR 6.11 a year ago.
For the full year, sales was INR 280,820 million compared to INR 332,720 million a year ago. Revenue was INR 300,060 million compared to INR 354,770 million a year ago. Net income was INR 77,590 million compared to INR 105,110 million a year ago. Basic earnings per share from continuing operations was INR 18.36 compared to INR 24.88 a year ago. Diluted earnings per share from continuing operations was INR 18.36 compared to INR 24.88 a year ago.
Hindustan Zinc Limited is an India-based company, which is engaged in exploring, extracting, processing minerals, and manufacturing metals and alloys. The Company produces zinc, lead, silver, commercial power and alloys. Its segments include Zinc, Lead, Silver & others and Wind energy. Its operations include five zinc-lead mines, four zinc smelters, one lead smelter, one zinc-lead smelter, eight sulfuric acid plants, one silver refinery plant, six captive thermal power plants and four captive solar plants in the state of Rajasthan. In addition, the Company also has a rock-phosphate mine in Matoon, near Udaipur in Rajasthan and zinc, lead, silver processing and refining facilities in the state of Uttarakhand. The Company also has wind power plants in the states of Rajasthan, Gujarat, Karnataka, Tamil Nadu and Maharashtra and solar power plants in the state of Rajasthan.