HZL Q4 profit at record Rs 5,033 crore on higher zinc, silver prices

New Delhi: Vedanta group firm Hindustan Zinc Ltd (HZL) on Friday reported a record profit of Rs 5,033 crore for March quarter FY26 on the back of higher zinc and silver prices and increased production.

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

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

Revenue during March quarter stood at Rs 13,544 crore, up 49 percent YoY driven by higher zinc and silver prices, increased production, lead concentrate sale, higher by-product realisation, and a stronger dollar. Income rose to Rs 13,824 crore over Rs 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.

"We also delivered a record quarterly refined metal production at the lowest cost of production of 903 dollar 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 March quarter rose to Rs 7,073 crore over Rs 5,532 crore in the year-ago period.

Chief Financial Officer Sandeep Modi said," We have marked the historic full year net profit of Rs 13,832 crore, up 34 percent 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, he added.

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

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

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Hindustan Zinc Ltd (HZL) 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 percent of the primary zinc market in India.

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