07/19/2025 | Press release | Distributed by Public on 07/19/2025 01:21
Udaipur, 18th July 2025: Hindustan Zinc Limited (BSE: 500188 & NSE: HINDZINC), India's only and the world's largest integrated zinc producer, reported its results for the first quarter ended 30th June 2025. The company registered its highest ever first quarter mined metal production of 265 KT. The company also registered record quarterly production from Hindustan Zinc Alloys (HZAPL), taking overall share of value-added products to c.24%. The company clocked the lowest ever first quarter zinc cost of production (COP) at US$ 1,010/MT, better 9% YoY. The company delivered a profit, beating estimates to INR 2,234 crores with an industry leading EBITDA margin of c.50%. Hindustan Zinc's silver segment continued to contribute significantly to profitability with c.41%.
During the quarter, the company secured two critical mineral blocks - Potash & Halite in Rajasthan and Rare Earth Elements (REEs) in Uttar Pradesh. In the same period, the company's renewable energy consumption increased to c. 19%, on track to progressively achieve 70% by FY28. Along with that, Hindustan Zinc's Board approved the first phase of plans towards doubling the production capacity with an investment of INR 12,000 crores to set up a new 250 KTPA integrated smelting complex alongside similar expansion of mines & mills capacities. The company also declared an interim dividend of INR 10/share, amounting to INR 4,225 crores. Historically, Hindustan Zinc has maintained investment grade rating 'AAA' and recently received ratings reaffirmation at CRISIL AAA/Stable/CRISIL A1+.
Commenting on Hindustan Zinc's performance, Arun Misra, Chief Executive Officer, said:
"Delivering our highest-ever first quarter mined metal production at the lowest-ever zinc cost of production reflects our relentless focus on operational efficiencies and cost leadership. In line with the rising zinc demand projected by 2030, the Board has approved the Phase-1 expansion project towards 2x growth, further strengthening our growth pipeline. Coupled with the addition of blocks ofcritical minerals and rare earth elements, we are strategically poised to transform into a true multi-metal powerhouse, unlocking sustained value for all our stakeholders."
Sandeep Modi, Chief Financial Officer, said:
"Despite commodity headwinds and a weaker dollar, our focus on sustainable and efficient production enabled us to deliver a consistent EBITDA margin of c.50%. Staying true to our commitment to create long-term value for our shareholders, the Board declared an interimdividend of ₹ 10 per share during the quarter, reinforcing our track record of consistent returns. Amidst continued global uncertainties, our healthy balance sheet, structurally leaner cost base, and robust growth project pipeline position us well to deliver sustainable long-term value."
Note: Lowest-ever zinc cost of production in 1Q FY26 is since underground transition; HZAPL: Hindustan Zinc Alloy Pvt Ltd
Financial Summary
(In INR Crores or as stated)
Particulars | 1Q | 4Q | |||
FY2026 | FY2025 | Change | FY2025 | Change | |
Sales 1 | |||||
Zinc | 4,935 | 5,325 | -7% | 5,856 | -16% |
Lead | 872 | 998 | -13% | 1,027 | -15% |
Silver | 1,427 | 1,427 | - | 1,688 | -15% |
Others | 537 | 380 | 41% | 517 | 4% |
Total | 7,771 | 8,130 | -4% | 9,087 | -14% |
EBITDA | 3,860 | 3,946 | -2% | 4,816 | -20% |
EBITDA Margin | 50% | 49% | - | 53% | - |
Profit After Taxes (after exceptional items) | 2,234 | 2,345 | -5% | 3,003 | -26% |
Earnings per Share2 | 5.29 | 5.55 | -5% | 7.11 | -26% |
Mined Metal Production ('000 MT) | 265 | 263 | 1% | 310 | -15% |
Refined Metal Production ('000 MT) | |||||
Total Refined Metal
(Zinc & Lead) |
250 | 262 | -5% | 270 | -7% |
Zinc | 202 | 211 | -4% | 214 | -6% |
Lead | 48 | 51 | -6% | 56 | -14% |
Silver3 (in MT) | 149 | 167 | -11% | 177 | -16% |
Wind Power (in million units) | 134 | 108 | 24% | 63 | 113% |
Refined Metal Sales ('000 MT) | |||||
Total Refined Metal
(Zinc & Lead) |
249 | 262 | -5% | 274 | -9% |
Zinc | 201 | 211 | -5% | 218 | -8% |
Lead | 48 | 51 | -6% | 56 | -14% |
Silver (in MT) | 145 | 167 | -13% | 177 | -18% |
Zinc CoP ($/MT) 4 | 1,010 | 1,107 | -9% | 994 | 2% |
Zinc LME ($/MT) | 2,641 | 2,833 | -7% | 2,838 | -7% |
Lead LME ($/MT) | 1,947 | 2,167 | -10% | 1,970 | -1% |
Silver LBMA ($/oz.) | 33.7 | 28.8 | 17% | 31.9 | 6% |
USD-INR (average) | 85.57 | 83.42 | 3% | 86.60 | -1% |
Note: all numbers reported are consolidated numbers unless otherwise mentioned
Financial Performance
Revenue:
EBITDA:
Profi t after taxes (PAT):
Zinc Cost of Production (COP):
Liquidity and Investment
Project Update
ESG (Environment, Social and Governance)
Won 3 accolades at the PeopleFirst HR Excellence Awards 2025: 'Champion in Technology Deployment in HR', 'Champion in Diversity, Equity & Inclusion (DEI)', and 'Winner in the category of Best HR Team'
Hindustan Zinc Limited (BSE: 500188 and NSE: HINDZINC), a Vedanta Group company, is the world's largest integrated zinc producer and is amongst the top 5 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 has been recognized as the world's most sustainable company in the metals and mining category for the second consecutive year by the S&P Global Corporate Sustainability Assessment 2024, reflecting its operational excellence, innovation, and leading ESG practices. The company also launched EcoZen, Asia's first low carbon 'green' zinc brand. Produced using renewable energy, EcoZen has a carbon footprint of less than 1 tonne of carbon equivalent per tonne of zinc produced, about 75% lower than the global average. Hindustan Zinc is also a certified 3.32 times Water-Positive company and is committed to achieving Net Zero emissions by 2050 or sooner. Transforming the lives of 2.3 million people through its focused social welfare initiatives, Hindustan Zinc is among the Top 10 CSR companies in India. As an energy transition metals company, Hindustan Zinc is pivotal in providing critical metals essential for a sustainable future.
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For any media queries, please contact:
Sonal Choithani
Chief Brand & Communications Officer
Hindustan Zinc Ltd
sonal.choithani@vedanta.co.in