Hindustan Zinc shares jump 5.7%: Q4 results, FY26 performance explained

The Vedanta group firm on Friday reported a record profit of ₹5,033 crore for the March quarter FY26 on the back of higher zinc and silver prices and increased production.

The profit was about 68% higher from ₹3,003 crore in the year-ago January-March period. The record quarterly profit was driven by an all-time high quarterly EBITDA of ₹7,747 crore, up 61% YoY.

EBITDA stands for earnings before interest, taxes, depreciation, and amortisation. It is also known as operating profit.

The company also marked the historic full year (FY26) net profit of ₹13,832 crore, up 34% YoY.

Revenue during the March quarter stood at ₹13,544 crore, up 49% YoY, driven by higher zinc and silver prices, increased production, lead concentrate sales, higher by-product realisation, and a stronger dollar. Income rose to ₹13,824 crore over ₹9,314 crore a year earlier.

The company crossed a key milestone of 1.1 million tonnes of mined metal production, as per a BSE filing.

HZL financial results: Key details

"We also delivered a record quarterly refined metal production at the lowest cost of production of 903 dollars per tonne despite the ongoing geopolitical challenges. As we step into our 2.0 growth phase, we are strengthening our 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," Chief Executive Officer Arun Misra said.

Total expenses in the March quarter rose to ₹7,073 crore over ₹5,532 crore in the year-ago period.

Full-year result

Chief Financial Officer Sandeep Modi said, "We have 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 our balance sheet strength as we enter the next phase of growth – HZL 2.0."

With continued strength in cost leadership and industry-leading margins, underpinned by disciplined execution, HZL is well positioned to translate growth opportunities into sustained value creation, Modi added.

As of March 31, 2026, the company had healthy gross investments and cash and cash equivalents of ₹13,846 crore invested in high-quality debt instruments. Total borrowings outstanding as of March 31, 2026, were ₹8,252 crore.

Dividend details

The board has approved the first interim dividend of ₹11 per share for 2026-27, amounting to ₹4,648 crore.

About Hindustan Zinc

Hindustan Zinc Ltd is the world's largest integrated zinc producer and is amongst the top five silver producers globally.

The company supplies to more than 40 countries and holds a market share of about 77% of the primary zinc market in India.

Hindustan Zinc to double production by 2030

In March 2025, Vedanta Group firm Hindustan Zinc had said that it aims to double its metal production to two million tonnes per annum (MTPA) within the next five years.

"With India's expansion in steel capacity and a strong focus on infrastructure, Hindustan Zinc is on track to double its production to two MTPA by 2030, as our zinc plays a critical role in steel galvanisation," Chairperson Priya Agarwal Hebbar said in a letter to shareholders.

"The company's current metal production capacity is 1.1 MTPA. The company, she said, is also expanding into critical minerals and has been declared the preferred bidder for several blocks across the country," Hebbar had said.

Hindustan Zinc's roaster and fertiliser plant projects are on track, strengthening its growth pipeline.