In terms of production, mined metal output stood at 258 kilo tonnes (kt), marking a 1% year-on-year (YoY) increase, though it dipped 3% quarter-on-quarter (QoQ). Saleable metal production came in at 246 kt, reflecting a 6% YoY decline and a 1% QoQ drop. On the refining front, zinc production rose 2% YoY to 202 kt, remaining flat sequentially. However, refined lead output fell sharply by 29% YoY and 7% QoQ, settling at 45 kt.
Hindustan Zinc posted a consolidated net profit of ₹2,234 crore in Q1 FY26, beating the CNBC-TV18 poll estimate of ₹2,156 crore. However, this marked a 4.7% decline from ₹2,345 crore reported in the same quarter last year. Revenue for the quarter fell 4.4% year-on-year to ₹7,771 crore from ₹8,130 crore, missing Street expectations of ₹7,850 crore.
Operating profit (EBITDA) came in slightly above expectations at ₹3,859 crore (vs CNBC-TV18 poll estimate of ₹3,858 crore), but declined 2.2% year-on-year from ₹3,946 crore.
At the time, Hindustan Zinc also announced a ₹327 crore investment in Serentica Renewables India Pvt. Ltd. for a minimum 26% equity stake. The partnership aims to develop captive renewable power projects across India, with phased commissioning expected by June 2027.
Shares of Hindustan Zinc settled 2.2% higher at Rs 492.30. The stock has gained almost 11% in 2025 so far, but remains over 14% lower than its 52-week high price of ₹575.40.
First Published: Oct 3, 2025 10:59 PM IST