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Informist, Monday, Jan. 19, 2026

 

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--Hind Zinc Oct-Dec net profit INR 38.79 bln 
--Analysts saw Hind Zinc Oct-Dec net profit INR 34.77 bln 
--Hind Zinc Oct-Dec revenue INR 109.22 bln 
--Analysts saw Hind Zinc Oct-Dec revenue INR 101.46 bln 
--Hind Zinc Oct-Dec net profit INR 38.79 bln vs INR 26.47 bln year ago 
--Hind Zinc Oct-Dec revenue INR 109.22 bln vs INR 85.56 bln year ago 
--Hind Zinc Apr-Dec net profit INR 87.15 bln vs INR 73.03 bln year ago 
--Hind Zinc Apr-Dec revenue INR 271.70 bln vs INR 249.28 bln year ago 
--Hind Zinc Oct-Dec operating margin 47% vs 42% year ago 
--Hind Zinc Oct-Dec debt-to-equity ratio 0.53 times vs 1.18 times year ago 
--Hind Zinc Q3 consol silver metal revenue INR 26.76 bln vs INR 14.65 bln 
--Hind Zinc Oct-Dec zinc, lead revenue INR 79.32 bln vs INR 68.32 bln 
--Hind Zinc Oct-Dec consol EBITDA INR 60.87 bln, up 34% on year 
--Hind Zinc Oct-Dec consol EBITDA margin 55% vs 53% year ago 
--Hind Zinc Oct-Dec zinc output cost, ex-royalty, at $940/tn, down 10% on yr

 

By Ashutosh Pati

 

MUMBAI – Hindustan Zinc Ltd. reported a robust performance for the December quarter, with a sharp rise in both its bottom line and top line, mainly because of rise in prices of metals, particularly silver. The company, which produces zinc, lead, and silver, beat the Street's expectations on both the metrics.

 

The company reported a net profit of INR 38.79 billion for the December quarter, up around 47% on year and on quarter and higher than analysts' expectations of INR 34.77 billion. Revenue from operations rose around 28% on year and on quarter to INR 109.22 billion while analysts had expected the company to post a revenue of INR 101.46 billion.

 

The average price of silver rose over 72% on year and around 38% sequentially in the December quarter while the price of zinc rose around 8% from the trailing quarter. Silver prices hit multiple record highs during the December quarter in the international as well as domestic markets on robust demand from industrial users and a sustained deficit in global supply. Growing safe-haven demand also pushed up the metal's price significantly.

 

The company's revenue from the zinc and lead segment rose over 16% on year to INR 79.32 billion while its revenue from silver rose nearly 83% to INR 26.76 billion. Revenues from silver production contributed to 44% of the Hindustan Zinc's profits, acccording to a press release by the company.

 

The company's total expenses rose around 15% on year to INR 60.56 billion in the reporting quarter, led by mining royalty and other expenses. Its expenses on mining royalty rose around 28% on year to INR 13.22 billion and other expenses rose around 19% on year to INR 26.33 billion. The company's depreciation and amortisation expenses rose around 5% on year to INR 9.44 billion in the December quarter.

 

Hindustan Zinc's operating margin rose to 47% in the reporting quarter from 42% a year ago. The company's debt-to-equity ratio was 0.53 times compared with 1.18 times a year ago. Its consolidated earnings before interest, tax, depreciation, and amortisation rose 34% on year to INR 60.87 billion, and its consolidated EBITDA margin rose to 55% from 53% a year ago.

 

The company's cost of production of zinc, excluding royalty, fell 10% on year to $940 per tonne in the December quarter. "The quarter marked a record performance, reflecting operational excellence and strong fundamentals with the company achieving its highest-ever third quarter metal production and 5-year lowest quarterly zinc cost of production of $940 per tonne," Arun Misra, chief executive officer, was quoted as saying in a press release by the company.

 

The company is implementing an innovative technology for recovery of 27 tonnes per annum of silver and 6,000 tonnes per annum of lead from the smelting waste at the Dariba Smelting Complex in Rajasthan. This is expected to be completed by the end of the March quarter. Hindustan Zinc expects to commission a fertiliser plant at Chanderiya in Rajasthan by the first quarter of 2026-27 (Apr-Mar). The company completed cellhouse debottlenecking at Chanderiya Lead Zinc Smelter in the December quarter.

 

For the nine months ended December, the company reported a net profit of INR 87.15 billion, up from INR 73.03 billion a year ago. Its revenue rose to INR 271.70 billion in Apr-Dec from INR 249.28 billion a year ago. Hindustan Zinc declared its December quarter results during market hours. On Monday, shares of the company closed 3.6% higher at INR 660.40 on the National Stock Exchange.  End

 

US$1 = INR 90.91

 

Edited by Ashish Shirke

 

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