Vedanta group firm Hindustan Zinc Ltd (HZL) on Friday posted a 35.4 per cent drop in consolidated profit to Rs 1,729 crore for the September quarter, because of lower income.
In the year-ago period, the company had reported a consolidated profit of Rs 2,680 crore, HZL said in a filing to the BSE.
During the second quarter of the current fiscal, the consolidated income declined to Rs 7,014 crore, against Rs 8,703 crore in the year-ago period.
The company is the country’s largest and the world’s second-largest integrated zinc producer.
HZL is a subsidiary of Vedanta Ltd, which owns 64.9 per cent stake in the company and the government has a 29.5 per cent stake in the company.
The company shares closed 1.8 per cent down at Rs 308.4 on the BSE.
