Hindustan Zinc Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 19, 2024 at 03:19 am EST
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Hindustan Zinc Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 70,670 million compared to INR 76,280 million a year ago. Revenue was INR 76,060 million compared to INR 82,140 million a year ago. Net income was INR 20,280 million compared to INR 21,560 million a year ago. Basic earnings per share from continuing operations was INR 4.8 compared to INR 5.1 a year ago. Diluted earnings per share from continuing operations was INR 4.8 compared to INR 5.1 a year ago.
For the nine months, sales was INR 207,970 million compared to INR 249,910 million a year ago. Revenue was INR 221,840 million compared to INR 266,140 million a year ago. Net income was INR 57,210 million compared to INR 79,280 million a year ago. Basic earnings per share from continuing operations was INR 13.54 compared to INR 18.76 a year ago. Diluted earnings per share from continuing operations was INR 13.54 compared to INR 18.76 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.