Hindustan Zinc Sees 68% Surge in Q4 Net Profit, Declares Rs 11 Interim Dividend

Hindustan Zinc Sees 68% Rise in Standalone Net Profit

Hindustan Zinc, a Vedanta group firm, reported a significant increase in its standalone net profit for the quarter ended March 31, 2026. The company's net profit rose by 68% to Rs 4,997 crore, up from Rs 2,976 crore in the same period last year. This substantial growth can be attributed to the prolonged rally in silver prices, which reached $75 per ounce on April 24, more than double the $33 recorded last April.

The company's silver business contributed significantly to its total segment profit of Rs 6,750 crore in the quarter, accounting for just over half of the total. Hindustan Zinc's standalone revenue from operations increased by 49% to Rs 13,488 crore in Q4FY26 compared to Rs 9,041 crore in Q4FY25. On a consolidated basis, revenue from operations rose 44% to Rs 12,692 crore, while net profit surged 68% to Rs 5,033 crore from Rs 3,003 in the same quarter last year.

The mining company has announced an interim dividend of Rs 11 per share, with a record date fixed as April 30. The Board approved the declaration of the first interim dividend of Rs 11 per equity share, amounting to Rs 4,648 crore, for the Financial Year 2026-27.

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Hindustan Zinc's Q4 mined metal production was recorded at 315 kilotonne (Kt), up 2% year-on-year (YoY), while refined metal production was at 282 Kt, up 5% YoY. Silver production remained flat YoY at 176 metric tonnes (MT). For the full year, silver production declined to 627 MT from 687 MT in FY 25.

The company's refined zinc production in the quarter rose 6% at 227 Kt and increased 3% for FY26 at 851 Kt. Meanwhile, lead production declined 2% in the quarter at 55 KT, while for the year it declined 13%. Zinc sales clocked the highest revenue in Q4, rising 19% at Rs 6,997 crore, followed by silver and lead.

For FY27, Hindustan Zinc expects mined metal at 1,150 Ktpa, refined metal: 1,100 Ktpa, and silver: 680 metric tonnes. The company projects growth capex of $500 - $600 million for the year. At 2:43 pm on April 24, Hindustan Zinc shares were trading 0.5% lower at Rs 587.9 apiece.

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