Strong silver prices have helped Hindustan Zinc Limited (HZL) report a massive 68.2% Year-on-Year (YoY) jump in consolidated net profit for the quarter ended March 2026, reaching ₹5,033 crore. The company, which is also the world’s second-largest integrated zinc producer, saw its margins expand significantly as global metal markets favored its diversified portfolio.
Along with the results, the Board of Directors also announced the first interim dividend for FY27 at ₹11 per equity share, amounting to a total payout of ₹4,648 crore.
The Silver Boost
Even though Zinc remains the company’s primary volume driver, silver has been the undisputed star of the company, where strong demand from industrial consumers and its newfound status as a safe haven asset has boosted the company’s revenues.
Stronger Operational Efficiency
The company has successfully reduced its cost of production for zinc to $903 per tonnes, a 9% reduction on a year on year (YoY) basis. Lower energy costs and operational efficiencies have also helped boost EBITDA margins to a record 57%.
“We are proud to deliver a record-breaking performance this quarter and for the full year, by crossing a key milestone of 1.1 million tonnes of mined metal production. We also delivered a record quarterly refined metal production at the lowest cost of production of $ 903 per tonne despite the ongoing geopolitical challenges. These milestones reflect the resilience of our business, strong execution, and unwavering focus on value creation. As we step into our 2.0 growth phase, we are strengthening our strategic roadmap. With our move into critical minerals, we are aligning with future-facing sectors while contributing meaningfully to India’s growth and long-term stakeholder value. Hindustan Zinc’s CEO, Arun Misra, Chief Executive Officer, said in a press release.
