Hindustan Zinc Reports Record Quarterly And Annual Results
ECONOMY & POLICY

Hindustan Zinc Reports Record Quarterly And Annual Results

Hindustan Zinc (HZL) reported a record quarter and full year driven by higher production, improved cost structure, and commodity tailwinds. The company recorded a quarterly net profit of Rs 50.33 bn, up 68 per cent year on year, and a quarterly EBITDA of Rs 77.47 bn, up 61 per cent year on year, with an industry-leading EBITDA margin of 57 per cent. Quarterly revenue stood at Rs 135.44 bn, representing strong year-on-year growth and sequential improvement.

Operationally, HZL delivered the best-ever mined metal production of 315,000 t and record refined metal production of 282,000 t in the quarter, while silver output reached 176 t. For the full year, mined metal production totalled 1,114,000 t and refined metal production was 1,048,000 t. These output gains contributed materially to the company’s profitability and cash generation.

Cost performance improved with zinc cost of production excluding royalty at $903 per t in the quarter and $959 per t for the full year, both better by around nine per cent year on year. The improvement was attributed to higher domestic coal usage, lower power cost, higher by-product realisation and improved mined grades, which together supported margin expansion across the business.

Reserves and resources reached a record 468.6 million tons of ore with total metal R&R of 29.2 million tons and silver R&R of 24,200 t, underpinning more than 25 years of mine life at current rates. Balance sheet strength was reflected in cash and investments of Rs 138.46 bn and total borrowings of Rs 82.52 bn, with free cash flow before growth capex of Rs 133.37 bn for the year.

Looking ahead, the company provided guidance for FY27 with mined metal target of about 1,150,000 t and refined metal around 1,100,000 t, saleable silver around 680 t and zinc cost of production guidance of $975 to $1,000 per t. Growth capital expenditure guidance remains in the $500 to $600 million range as project activity continues to progress.

Hindustan Zinc (HZL) reported a record quarter and full year driven by higher production, improved cost structure, and commodity tailwinds. The company recorded a quarterly net profit of Rs 50.33 bn, up 68 per cent year on year, and a quarterly EBITDA of Rs 77.47 bn, up 61 per cent year on year, with an industry-leading EBITDA margin of 57 per cent. Quarterly revenue stood at Rs 135.44 bn, representing strong year-on-year growth and sequential improvement. Operationally, HZL delivered the best-ever mined metal production of 315,000 t and record refined metal production of 282,000 t in the quarter, while silver output reached 176 t. For the full year, mined metal production totalled 1,114,000 t and refined metal production was 1,048,000 t. These output gains contributed materially to the company’s profitability and cash generation. Cost performance improved with zinc cost of production excluding royalty at $903 per t in the quarter and $959 per t for the full year, both better by around nine per cent year on year. The improvement was attributed to higher domestic coal usage, lower power cost, higher by-product realisation and improved mined grades, which together supported margin expansion across the business. Reserves and resources reached a record 468.6 million tons of ore with total metal R&R of 29.2 million tons and silver R&R of 24,200 t, underpinning more than 25 years of mine life at current rates. Balance sheet strength was reflected in cash and investments of Rs 138.46 bn and total borrowings of Rs 82.52 bn, with free cash flow before growth capex of Rs 133.37 bn for the year. Looking ahead, the company provided guidance for FY27 with mined metal target of about 1,150,000 t and refined metal around 1,100,000 t, saleable silver around 680 t and zinc cost of production guidance of $975 to $1,000 per t. Growth capital expenditure guidance remains in the $500 to $600 million range as project activity continues to progress.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code