An integrated producer of zinc and lead Hindustan Zinc Limited has posted a phenomenal increase in net profit for the period Q4 (ending Mar 2011) of the current fiscal (FY11). During the said quarter, net profit rises 42.96% to Rs 1771 crore in comparison to Rs 1238 crore of Q4 (ending Mar 2010) of previous year(FY10). Hindustan Zinc Limited mines and refines ore in order to produce metals which are non- ferrous such as Silver, Zinc, and Lead. It also manufactures Sulphuric Acid, Phosphoric Acid, Super phosphate, Zinc and Cadmium Sulphate.
The company informed the share market (BSE/NSE) that the total income increased 32.10% to Rs 3539 crore in quarter ended Apr 2011 when compared with the last years same quarter ended Apr 2010 which was Rs 2418 crore.
The board of directors recommended a final dividend of Rs 1 per share (50% on face value of Rs 2).
Share’s Data :-
BSE Code : 500188
Mkt. Cap: Rs 64,203.43 Crores
Hindustan Zinc Ltd. share’s CMP is Rs 151.95 on 21st Apr 2011.
Stay tuned to BelltheBull Blog for more news on Hindustan Zinc Limited !Google+