Hindustan Zinc reported that its net profit was down 33 per cent in March quarter to ₹1,339 crore from ₹ 2,012 crore due to sharp fall in realisation.
Despite lacklustre performance, the company has announced a dividend of ₹16.50 a share leading to a outflow of ₹6,972 crore.
Revenue was down 20 per cent at ₹4,321 crore (₹5,384 crore). Realisation from zinc sales was down 21 per cent at ₹2,920 crore (₹3,689 crore) while that of lead and silver 14 per cent and 19 per cent at ₹692 crore (₹809 crore) and ₹601 crore (₹745 crore), respectively.