India's Hindustan Zinc posts quarterly profit beat on strong metal prices, higher production

Hindustan Zinc

24/04/2026 10:46

April 24 (Reuters) - India's Hindustan Zinc HZNC.NS posted a bigger-than-expected 67.6% jump in fourth-quarter profit on Friday, boosted by a surge in metal prices and higher production.

The Vedanta VDAN.NS group company's consolidated net profit rose to 50.33 billion rupees ($533.91 million) for the three months ended March 31

Analysts, on average, had expected 45.19 billion rupees, according to LSEG data.

Hindustan Zinc is India's largest zinc producer and derives a significant share of its earnings from silver, prices of which showed sharp swings during the quarter.

Spot silver XAG= rose 5.4% as the ongoing war in Iran triggered demand for the metal.

Domestic demand for silver remained strong as investors continued to buy silver exchange-traded funds (ETFs).

Benchmark zinc prices CMZN3 on the London Metal Exchange rose 3.5%.

Revenue came in at 135.44 billion rupees ($1.44 billion), up 49% on-year.

Analysts, on average, expected 119.64 billion rupees.

The firm's mined metal production rose 2% on-year to 315 kilotonnes in the quarter, while refined metal production climbed 5% to 282 kilotonnes, driven by additional capacity.

The company forecast growth capex of $500 million to 600 million for fiscal 2027, and added it expects to complete its hot acid leaching technology project at Dariba by the September 2026 quarter.

It also declared a dividend of 11 rupees per share.

($1 = 94.2663 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru; Editing by Janane Venkatraman)

 ((Bipasha.Dey@thomsonreuters.com;))