Hindustan Zinc Q1 Update: Mined Metal Production Rises 1%

Hindustan Zinc Ltd. on Wednesday announced that its mine metal production in the first quarter of fiscal 2026 rose 1% year-on-year at 265 kilotonnes. This is the highest ever first quarter production, the company said in an statement.

The rise in mined metal production was in line with mine preparation activities that were carried out in the first quarter. However it was 15% lower from the 310 kilotonnes reported in the last quarter of this financial year.

Refined metal production fell 5% to 250 KT. It was down 7% on a quarter-on-quarter basis in line with planned maintenance activities.

Refined zinc production was at 202 KT, down 4% on a year-on-year basis and down 6% quarter-on-quarter. Refined lead production was at 48 KT, 6% year-on-year decline.

Saleable silver production was at 149 tonnes, down 11% year-on-year and 16% quarter-on-quarter. The decline was due to lower silver input from SK mine and decline in lead production and higher WIP liquidation in base period.

The company's wind power generation for the first quarter of financial year 2026 was 124 MU, an increase of 24% year-on-year consistent with wind velocity and seasonal impact.

Shares of Hindustan Zinc fell as much as 0.83% during the day to Rs 446.60 apiece on the National Stock Exchange. It closed 0.70% lower at Rs 447.20 per share, compared to a 0.34% decline in the benchmark Nifty. The share price has risen 0.72% on a year-to-date basis and fallen 31.46% in the last 12 months.

One out of 16 analysts tracking the company six have a 'buy' rating on the stock, three suggest 'hold' while seven suggest sell, according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 2.7% from its previous closing.