Udaipur, July 24: Hindustan Zinc Limited, the world’s largest integrated zinc producer and among the top 10 silver producers globally, commenced FY27 with its strongest-ever first-quarter performance. The company reported best-ever quarterly revenue from operations of ₹ 13,747 crore, up 77% YoY, highest-ever quarterly EBITDA of ₹ 8,074 crore, up 109% YoY, and record quarterly net profit of ₹ 5,469 crore, up 145% YoY. The robust financial performance was underpinned by its highest-ever first-quarter mined metal production of 268 KT and the lowest-ever quarterly zinc cost of production of US$851 per tonne, reflecting sustained operational excellence, disciplined cost management and industry-leading competitiveness. Hindustan Zinc delivered record profitability, strong cash generation and resilient margins, reinforcing its position among the world’s lowest-cost zinc producers while creating a strong platform for long-term growth.
Leadership update:
Mr. Amarendu Prakash appointed as the Chief Executive Officer and Whole-time Director
The Board of Directors has appointed Mr. Amarendu Prakash as the Chief Executive Officer and Whole-time Director of Hindustan Zinc Limited, effective August 01, 2026. A distinguished leader with over three decades of experience in India’s steel sector, he previously served as the Chairman & Managing Director of SAIL from 2023 to 2026. During his tenure, he led transformative initiatives spanning operational excellence, capacity expansion, digital transformation, and organisational performance across one of India’s largest steel producers.
Mr. Amit Gupta appointed as the Chief Financial Officer
Mr. Amit Gupta assumed the role of Chief Financial Officer of Hindustan Zinc Limited with effect from June 01, 2026. A qualified Chartered Accountant with over two decades of experience, he brings deep expertise in strategic finance, capital allocation, business transformation, cost optimization, and corporate governance across Vedanta Group companies.
ESG highlights:
Our ESG initiatives reinforce operational resilience, risk mitigation, and long-term value creation while strengthening Hindustan Zinc’s sustainability leadership.
▪ Following Chanderiya, Rampura Agucha Mine became India’s first mine to receive the Zinc Mark certification
▪ Included in the Dow Jones Best-in-Class (DJBIC) Index (Emerging markets) for the first time (formerly known as Down Jones Sustainability Index)
▪ Deployed India’s first 250 metric tonne capacity electric crane at Zinc Smelter Debari
▪ Flagged off Rajasthan’s first and largest fleet of 41 electric buses for workforce transportation at Zinc Smelter Debari in partnership with Enviiro Wheels Mobility Private Ltd
▪ Featured in the TIME’s World’s Most Sustainable Companies 2026 List
▪ Signed MoU with Advantek Associates LLP & Aero Eagle Automobiles Private Ltd to explore Hydrogen fuel and other clean energy solutions
▪ Signed an MoU with The Energy and Resources Institute (TERI) to develop a 250-hectare ecological restoration project at the Chanderiya Lead Zinc Smelter
Commenting on Hindustan Zinc’s performance, Arun Misra, Chief Executive Officer, said: “We have started the year on a strong note with our highest-ever first quarter mined metal production of 268 KT for the fifth consecutive year, reflecting the strength of our world-class assets and our relentless focus on operational excellence. Our debottlenecking initiatives continue to enhance refined metal production and reinforce our position as one of the world’s lowest-cost zinc producers. As demand for zinc continues to be driven by infrastructure and the energy transition, we remain committed to delivering responsible growth and long-term value for our stakeholders.”
Amit Gupta, Chief Financial Officer, said: “Hindustan Zinc delivered a strong quarter, with net profit surging 145% YoY to a record ₹ 5,469 crore, driven by the highest-ever quarterly EBITDA of ₹ 8,074 crore, up 109% YoY. This performance reflects our unwavering focus on operational excellence, cost competitiveness and disciplined financial management. Backed by a strong balance sheet and prudent capital allocation, we remain well-positioned to deliver consistent growth while continuing to generate sustainable long-term value for our stakeholders.”
Financial Performance
Revenue:
▪ Revenue from operations stood at ₹ 13,747 crore during the quarter, up 77% YoY, driven by higher metal prices, increased metal production, lead concentrate sale, higher by-product realisation, and a stronger dollar.
EBITDA:
▪ EBITDA stood at ₹ 8,074 crore during the quarter, up 109% YoY, driven by increased metal production, higher metal prices, lower cost of production, lead concentrate sale, and a stronger dollar.
▪ The Company continues to maintain an attractive industry leading EBITDA margin of c.59% during the quarter, up c.900 bps YoY.
Net Profit:
▪ During the quarter, net profit stood at ₹ 5,469 crore, up 145% YoY in line with record EBITDA. The effective tax rate for the quarter was 25.23%.
Zinc Cost of Production (COP):
▪ Zinc COP excluding royalty stood at $ 851 per tonne during the quarter, better by 16% YoY on account of better mined grades, increased metal production, better renewable power consumption and higher by-product realisations, partly offset by lower domestic coal usage and increased input commodities prices in line with the ongoing geopolitical crisis globally.
Liquidity and Investment
▪ As on June 30, 2026, the Company had healthy gross investments and cash of ₹ 12,892 crore. Total borrowings outstanding as on June 30, 2026, was ₹ 7,320 crore.
▪ Company has consistent Investment grade credit rating of AAA from CRISIL, demonstrating the strength of the balance sheet.
Contribution to Exchequer
During the quarter, the Company has contributed c.₹ 6,450 crore to the national exchequer. This includes a contribution of c.₹ 1,700 crore to the Rajasthan state exchequer, including mining royalties.
Project Update
▪ The 510 KTPA Fertiliser plant is progressing well and will be completed by 2QFY27.
▪ The innovative hot acid leaching technology for recovery of lead and silver from smelting waste at Dariba is expected to be completed by 2QFY27.
▪ For the 250 KTPA integrated refined zinc capacity expansion at Debari, detailed engineering and supply ordering are in progress, and mine development has been commenced. The project is expected to be completed by 2QFY29.
▪ India’s first 10 MTPA tailings reprocessing plant at Rampura Agucha is progressing as per the plan with major supply orders placed and construction commenced, with expected completion by 4QFY28.