Risk Intelligence
Input commodity price volatility
View Risks →Hindustan Zinc delivered a record Q4 FY26 with revenue of ₹13,544 crore (up 49% YoY), EBITDA of ₹7,747 crore (up 61% YoY), and net profit of ₹5,333 crore (up 68% YoY).
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Hindustan Zinc delivered a record Q4 FY26 with revenue of ₹13,544 crore (up 49% YoY), EBITDA of ₹7,747 crore (up 61% YoY), and net profit of ₹5,333 crore (up 68% YoY). Record mine metal production of 315 KT and refined metal of 282 KT drove volumes, while the lowest quarterly zinc cost of production since underground transition at $903/ton (down 9% YoY) boosted margins. Silver contributed 45% to profitability. FY27 guidance: mine metal 1,150 KT ±10, refined metal 1,100 KT ±10, silver 680 tons ±10, and zinc cost $975-1,000/ton. Growth capex of $500-600 million for 250 KTPA smelter and other projects. Risk: cost guidance may be challenged if input commodity prices rise or mining grades normalize.
Input commodity price volatility
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Read Transcript →Record quarterly mine metal production driven by higher ore output and improved grades.
Second highest quarterly refined metal production, supported by debottlenecking and higher throughput.
Sequential increase in silver output; full year FY26 silver production at 627 tons.
Lowest quarterly cost since underground transition, driven by lower power cost and operating leverage.
Management expects mine metal production of 1,150 kilotons plus or minus 10 kilotons for FY27.
Geopolitical uncertainties could increase costs of diesel, propane, chemicals, and explosives, impacting cost guidance.
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