Hindustan Zinc Ltd, a Vedanta Group company, posted a standout Q1 FY26 performance, beating profit estimates with Rs 2,234 crore PAT. The results were driven by record silver prices and the lowest-ever zinc cost of production at USD 1,010/MT.
Key Highlights:
- Mined metal output hit an all-time Q1 high of 265 KT
- EBITDA margin held strong at approximately 50 percent
- Silver contributed 41 percent to overall profitability
- Revenue from operations stood at Rs 7,771 crore, down 4 percent YoY due to lower zinc and lead prices
- Interim dividend declared at Rs 10 per share, totaling Rs 4,225 crore
Strategic Developments:
- Secured Potash and Rare Earth Element blocks in Rajasthan and Uttar Pradesh
- Board approved Rs 12,000 crore investment to double production capacity
- Renewable energy usage rose to 19 percent, targeting 70 percent by FY28
Sources: Hindustan Zinc Investor Filings, Yahoo Finance, Economic Times, Business Wire, HZL Corporate Website.