Hindustan Zinc declares 1st interim dividend of FY27 at ₹11/share; check Q4 numbers

In the same period last year, the world's second-largest integrated zinc producer had clocked a profit of ₹3,003 crore, as per a regulatory filing.

The growth in its net profit was in line with EBITDA (earnings before interest, tax, depreciation, and amortisation).

Its revenue from operations climbed 49.04% YoY to ₹13,544 crore for the reporting quarter, compared to ₹9,087 crore in the January-March quarter of the 2024-25 financial year (Q4 FY25).

Higher zinc and silver prices, increased production, lead concentrate sales, higher by-product realisation, and a stronger dollar drove the top-line growth.

At an operational level, its EBITDA, also known as operating profit, stood at ₹7,747 crore in Q4 FY26, reflecting a 61% YoY surge from ₹4,816 crore in the year-ago period.

Its EBITDA margin expanded to 57% during the quarter under review, as against 53% in the March FY25 quarter, up by 420 basis points (bps) YoY.

“The company continues to maintain an attractive industry-leading EBITDA margin of 57% during the quarter, up c.420 bps YoY and c.180 bps QoQ. It recorded an EBITDA margin of 54% in FY26, up c.300 bps YoY,” Hindustan Zinc said in a press release.

₹11 per share dividend declared

The company's board of directors also declared the first dividend of the 2026-27 fiscal year (FY27), as they approved an interim dividend of ₹11 per equity share, at a rate of 550%, with a face value of ₹2 per share, amounting to ₹4,648 crore.

It also fixed Thursday, April 30, 2026, as the record date for the purpose of payment of the dividend. Furthermore, it added that the first interim dividend shall be duly paid within the stipulated timelines as prescribed under law.

Key highlights

• In Q4 FY26, the mining firm recorded its best ever mined metal production at 315 kilotonnes (kt).
• Hindustan Zinc clocked a record refined metal production at 282 kt in the FY26 March quarter.
• Zinc’s cost of production (COP), excluding royalty, stood at $903 per tonne during the quarter, better by 9% YoY and 4% QoQ on account of lower power cost driven by higher domestic coal usage and softened coal prices, higher by-product realisation, better mined grades, and increased metal production.
• During the full year, the Company has contributed around ₹ 19,000 crore to the national exchequer. This includes a contribution of over ₹ 6,000 crore to the Rajasthan state exchequer, including mining royalties.

What the management said

Commenting on the results, Arun Misra, Chief Executive Officer, said: “We are proud to deliver a record-breaking performance this quarter and for the full year, by crossing a key milestone of 1.1 million tonnes of mined metal production. We also delivered a record quarterly refined metal production at the lowest cost of production of $ 903 per tonne despite the ongoing geopolitical challenges.”

He stated that the milestones reflect the “resilience of our business, strong execution, and unwavering focus on value creation”, adding that as the firm steps into its 2.0 growth phase, it is strengthening its strategic roadmap.

“With our move into critical minerals, we are aligning with future-facing sectors while contributing meaningfully to India’s growth and long-term stakeholder value,” Misra added.

Sandeep Modi, Hindustan Zinc’s Chief Financial Officer, said that the companyhas marked the “historic” full year net profit of ₹ 13,832 crore, up 34% YoY, backed by disciplined capital allocation and strong free cash flow, reinforcing its balance sheet strength as it enter the next phase of growth – HZL 2.0.

“With continued strength in cost leadership and industry-leading margins, underpinned by disciplined execution, we are well positioned to translate growth opportunities into sustained value creation,” Modi noted.

Hindustan Zinc has a total market capitalisation of ₹2.45 lakh crore as of April 24, 2026, according to data on the NSE.