Coal news and updates

HZL FY15 net profit up 18%

April 22: Vedanta Group-owned zinc, lead, silver and cadmium miner Hindustan Zinc Limited (HZL) on April 21 said that the company’s net profit for 2014-15 increased to Rs 8,170.00 crore in FY15 against Rs 6,904.62 crore net profit earned in the previous fiscal, the company said in a filing to the BSE.

During the January-March quarter (final quarter) of 2014-15 the company’s net profit increased 6.18% to 1,997.44 crore against 1,881.20 crore in the same quarter of previous fiscal.

On a quarter-on quarter basis, the company’s net profit dropped from 2,379.37 crore reported in the October- December quarter (third quarter).

According to the financial statement, total income from operations during the final quarter stood at Rs 4,125.68 crore in the final quarter of FY 15 against Rs 3,642.68 crore in the same period of last year.

Total income from operation during the year stood at Rs 14,788.39 crore compared to Rs 13,636.04 crore in previous fiscal.

The following table gives quarter-on-quarter and yearly stand-alone performance of Hindustan Zinc Limited in FY 15 and FY14 (in Rs crore):