Hindustan Zinc Reports 68% Surge in Q4 Profit, Declares Dividend
Hindustan Zinc Q4 Results: Cons PAT surges 68% YoY to Rs 5,033 crore; Rs 11/ share dividend declared
The Economic TimesImage: The Economic Times
Hindustan Zinc, a subsidiary of Vedanta, reported a 68% year-on-year increase in consolidated profit for Q4, reaching ₹5,033 crore. The company's revenue also rose by 49% to ₹13,544 crore. An interim dividend of ₹11 per share was declared, amounting to ₹4,648 crore.
- 01Hindustan Zinc's Q4 profit surged by 68% YoY to ₹5,033 crore.
- 02Revenue for the quarter increased by 49% to ₹13,544 crore.
- 03The company declared an interim dividend of ₹11 per share.
- 04The total dividend payout amounts to ₹4,648 crore.
- 05The record date for the dividend is set for April 30.
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Hindustan Zinc, a leading zinc producer and a subsidiary of Vedanta, announced impressive financial results for the fourth quarter of the fiscal year, with a 68% year-on-year increase in consolidated profit, totaling ₹5,033 crore compared to ₹3,003 crore in the same quarter last year. The company's revenue also saw a significant rise of 49%, reaching ₹13,544 crore, up from ₹9,087 crore in the previous year. In addition to strong earnings, Hindustan Zinc declared its first interim dividend for FY27 at ₹11 per equity share, which translates to a total payout of ₹4,648 crore. The record date for this dividend has been set for April 30. These results reflect the company's robust performance and commitment to returning value to shareholders.
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The surge in profit and dividend declaration may lead to increased investor confidence and potentially higher stock prices, benefiting shareholders.
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