October 22, 2018 / 9:53 AM / 2 months ago

Hindustan Zinc second-quarter profit dives nearly 30 percent

A rupee coin is seen in this picture illustration taken in Mumbai April 30, 2012. REUTERS/Vivek Prakash/Files

(Reuters) - Hindustan Zinc Ltd reported a 29.8 percent fall in second-quarter profit on Monday, dented by higher expenses.

Net profit dropped to 18.15 billion rupees ($247.43 million) in the quarter ended Sept. 30, from 25.84 billion rupees a year earlier, the zinc miner said here

Revenue from operations fell 10 percent to 47.77 billion rupees. However, mined metal production in the quarter rose six percent.

Reporting by Tanvi Mehta in Bengaluru, Editing by Sherry Jacob-Phillips

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