Hindustan Zinc Q4 Results: Profit Rises 47%, Beats Estimates
Hindustan Zinc Ltd.'s net profit surged 47.3% year-on-year during the quarter ended March 2025, thereby exceeding analysts' estimates.
The integrated zinc producer's consolidated bottom line came in at Rs 3,003 crore in the January- March period, according to an exchange filing on Friday. That compares with the Rs 2,522 crore consensus estimate of analysts polled by Bloomberg.
Hindustan Zinc Q4FY25 Highlights (Consolidated, YoY)
Revenue rose 13.41% to Rs 8,829 crore versus Rs 7,785 crore (Estimate: Rs 8,497 crore).
Ebitda rose 17.42% to Rs 4,562 crore versus Rs 3,885 crore (Estimate: Rs 4,375 crore).
Margin at 51.67% versus 49.9%, up by 176 basis points. (Estimate: 51.5%)
Net profit rose 47.35% to Rs 3,003 crore versus Rs 2,038 crore (Estimate: Rs 2,522 crore)
FY25 Production And FY26 TargetsÂ
Hindustan Zinc's mined metal and refined production increased 17% and 4% quarter-on-quarter, respectively in the January-March period. The production for mined and refined metal for the entire fiscal year 2025 stood at 1,095 kiloton and 1,052 kiloton, respectively.
The company's guidance for its mined mined metal production suggests a 3% growth to 1,125 kilotons per annum, and for refined metal production, it suggests 5% growth to 1,100 kilotons per annum.
Cost Of Production
The company's cost of production for zinc in fiscal 2025 stood at the lowest in four years at $1,052 per tonne. While the FY26 guidance for costs remains in the $1,025 to $1,050 per tonne range, Hindustan Zinc's Chief Executive Officer Arun Misra told NDTV Profit in an interview that costs could be reduced further if the increase of renewable energy in the company's power mix advances faster.
Future Outlook On Pricing
In its investor presentation for the fourth quarter, the company has indicated very muted uptick in zinc and lead prices in fiscal 2026.
The expectations of zinc prices in this financial year stands at $2,850 versus $2,800 in fiscal 2025. Similarly, the outlook for lead stands at $2,025 versus $2,013 in fiscal 2025.
Misra, in his interview with NDTV Profit, stated that with global factors at play, he doesn't expect a significant uptick in prices for the next three to six months.
CapexÂ
Hindustan Zinc's guidance for growth capex in fiscal 2026 stands at $225- 250 million. However, this is not the entire figure the company expects. Misra stated that the company plans to make new major announcements regarding growth projects in around a month's period.
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