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04-20-2012, 08:44 AM #1
Hindustan Zinc net profit falls 20%
Hindustan Zinc on Thursday reported a 20 per cent drop in net profit of Rs 1,413 crore for the fourth quarter ended March 2012.
The company had posted a net profit of Rs 1,771 crore in the March quarter of 2010-11.
On an annual basis, Hindustan Zinc reported a net profit of Rs 5,526 crore for the 2011-12 fiscal, up 13 per cent over the year-ago period, the company said in a filing to the BSE.
The Vedanta-group company had clocked a net profit of Rs 4,900 crore in the 2010-11 fiscal.
Total income of Hindustan Zinc rose to Rs 11,405 crore during the 2011-12, from Rs 10,039 crore in the same period last year.
The board of the company has recommended final dividend at 45 per cent (Rs 0.90 per share) for the year 2011-2012.
The total dividend for the 2011-12 fiscal is 120 per cent (Rs 2.40 per share of Rs 2 each).