Hindustan Zinc Reports Record ₹10,980 Crore Quarterly Revenue, up 27% YoY
Filing Summary
Hindustan Zinc Limited announced its highest-ever quarterly revenue of ₹10,980 crore for the third quarter ending December 31, 2025, marking a 28% increase quarter-on-quarter and 27% year-on-year. The company also reported a record profit after taxes of ₹3,916 crore, up 48% sequentially. Key operational achievements include the highest-ever third-quarter mined metal production of 276 Kt and refined metal production of 270 Kt. The company maintained a strong EBITDA margin of 55%. Hindustan Zinc continues to focus on operational excellence and sustainability, contributing over ₹13,000 crore to the national exchequer in nine months.
Hindustan Zinc Limited has reported its highest-ever quarterly revenue of ₹10,980 crore for the third quarter ending December 31, 2025. This represents a 28% increase quarter-on-quarter and a 27% increase year-on-year. The company also achieved a record profit after taxes of ₹3,916 crore, marking a 48% rise sequentially and 46% year-on-year. The results were driven by higher commodity prices, increased production, and a stronger dollar.
The company’s financial performance was bolstered by a record EBITDA of ₹6,087 crore, up 36% quarter-on-quarter and 34% year-on-year. Hindustan Zinc maintained an industry-leading EBITDA margin of 55%, reflecting operational efficiencies and cost management. The company’s total revenue for the nine months stood at ₹27,300 crore, up 9% year-on-year, with an EBITDA of ₹14,415 crore, up 14% year-on-year.
Operationally, Hindustan Zinc achieved its highest-ever third-quarter mined metal production of 276 Kt and refined metal production of 270 Kt. The company reported a 5-year lowest quarterly cost of production for zinc at $940 per tonne, improved by 5% quarter-on-quarter and 10% year-on-year. Silver production was 158 MT, contributing 44% to profits. The company completed debottlenecking at the Chanderiya Smelter, increasing refined zinc capacity by 21 Ktpa.
Hindustan Zinc has outlined several project milestones, including the completion of cellhouse debottlenecking at the Chanderiya Lead Zinc Smelter. The 510 Ktpa Fertiliser plant is under progress with an expected completion by the first quarter of FY27. The hot acid leaching technology project for lead and silver recovery at Dariba is expected to be completed by the fourth quarter of FY26. The company is also progressing on a 250 ktpa integrated refined metal capacity expansion, with completion expected by the second quarter of FY29.
The company has contributed over ₹13,000 crore to the national exchequer during the nine months, including over ₹4,000 crore to the Rajasthan state exchequer. Hindustan Zinc’s liquidity position remains strong, with gross investments and cash equivalents of ₹9,342 crore as of December 31, 2025. Total borrowings stood at ₹9,013 crore, resulting in a net cash position of ₹329 crore.
Hindustan Zinc’s market relevance is underscored by its position as the world’s largest integrated zinc producer and a top silver producer globally. The company holds a 77% market share in India’s primary zinc market. It has been recognized for its sustainability practices, retaining the No. 1 position in the S&P Global Corporate Sustainability Assessment for the third consecutive year.
Hindustan Zinc Limited, a Vedanta Group company, is the world’s largest integrated zinc producer and among the top five silver producers globally. The company is committed to sustainability and innovation, with a focus on achieving net-zero emissions by 2050. Hindustan Zinc is pivotal in providing critical metals essential for a sustainable future.