Hindustan Zinc gains on reporting 19% rise in Q1 net profit

21 Jul 2015 Evaluate

Hindustan Zinc is currently trading at Rs. 166.85, up by 0.50 points or 0.30% from its previous closing of Rs. 166.35 on the BSE.

The scrip opened at Rs. 169.05 and has touched a high and low of Rs. 170.05 and Rs. 166.00 respectively. So far 70434 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 190.40 on 19-Feb-2015 and a 52 week low of Rs. 152.50 on 14-Jan-2015.

Last one week high and low of the scrip stood at Rs. 170.05 and Rs. 161.00 respectively. The current market cap of the company is Rs. 70414.94 crore.

The promoters holding in the company stood at 64.92% while Institutions and Non-Institutions held 33.47% and 1.61% respectively.

Hindustan Zinc has reported 18.74% rise in its net profit at Rs 1920.80 crore for the quarter ended June 30, 2015 as compared to Rs 1617.67 crore for the same quarter in the previous year. The company’s total income has increased by 12.60% to Rs 4193.89 crore for the quarter under review from Rs 3724.56 crore for the corresponding quarter of the previous year.

During the previous year, with effect from April 01, 2014, the company had revised the estimated useful lives of fixed assets. The said changes in the estimates of useful lives of assets with effect from April 01, 2014, was impacted in the previous quarter ended March 31, 2015 whereby the Company adjusted excess depreciation of Rs 180.59 crore. Consequently, the figures in respect of the depreciation charge for the quarter ended June 30, 2015 / previous quarters/year presented are not directly comparable.

Hindustan Zinc Share Price

496.20 1.70 (0.34%)
18-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
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Hindustan Zinc 496.20
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