Hindustan Zinc's Q4 net profit declines 21% to ₹2,038 crore due to zinc price slowdown and supply exceeding demand growth.
Hindustan Zinc Q4 net profit declines 21% to ₹2,038 crore due to slowdown in zinc prices and supply outpacing growth in demand. Sales declined 11% YoY to ₹7,550 crore for the quarter, with zinc and lead sales down 17% and 8% respectively, while silver sales increased 12% YoY. Net profit for FY24 declined 26% to ₹7,787 crore with sales down 22% YoY to ₹13,681 crore.
April 19, 2024
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