reported its strongest-ever quarterly financial performance on Friday, with net profit surging 68 per cent year-on-year to ₹5,033 crore for the fourth quarter ended March 31, 2026, even as the stock closed 0.61 per cent lower at ₹588.50 on the .
The Vedanta Group company, the world’s largest integrated zinc producer, posted quarterly EBITDA of ₹7,747 crore, up 61 per cent year-on-year, with an industry-leading EBITDA margin of 57 per cent. Revenue for the quarter stood at ₹13,544 crore, a 49 per cent jump over the same period last year, driven by higher zinc and silver prices, record production volumes, and a stronger dollar.
For the full year FY26, Hindustan Zinc reported its highest-ever annual revenue of ₹40,844 crore, up 20 per cent, while net profit rose 34 per cent to ₹13,832 crore — both all-time highs. Annual EBITDA came in at ₹22,162 crore, up 27 per cent, with a full-year margin of 54 per cent. Earnings per share for FY26 stood at ₹32.74. Free cash flow before growth capital expenditure was ₹13,337 crore.
On the operational side, the company achieved its best-ever quarterly mined metal production of 315 kilotonnes and record refined metal output of 282 kilotonnes. The zinc cost of production fell 9 per cent year-on-year to $903 per tonne — the lowest since the company’s underground transition. Silver production rose 11 per cent sequentially to 176 tonnes in the quarter, with silver contributing approximately 45 per cent to overall profitability in FY26, aided by silver prices surging 165 per cent year-on-year to an average of $84.3 per troy ounce in the quarter.
The company guided FY27 mined metal production at 1,150 (±10) kilotonnes and refined metal at 1,100 (±10) kilotonnes, with zinc cost of production projected at $975–$1,000 per tonne. Growth capital expenditure is budgeted at $500–600 million.
As of March 31, 2026, cash and cash equivalents stood at ₹13,846 crore, against total borrowings of ₹8,252 crore. The company holds a CRISIL AAA rating. At Friday’s close, the stock traded at a price-to-earnings ratio of 21.20, with a market capitalisation of approximately ₹2.49 lakh crore.