Hindustan Zinc, the world’s largest integrated zinc producer and a top-five global silver producer, reported a blockbuster quarter and nine-month performance ending December 31, 2025.

 

The company crossed the ₹10,000 crore revenue mark for the first time, posting its highest-ever quarterly revenue of ₹10,980 crore, up 28% sequentially and 27% year-on-year. 

 

EBITDA surged to a record ₹6,087 crore, growing 36% QoQ and 34% YoY, resulting in a best-in-class EBITDA margin of 55%, expanding c.320 bps QoQ and c.270 bps YoY. Profit after tax jumped to an all-time high of ₹3,916 crore, up 48% sequentially and 46% YoY, underscoring strong operating leverage and margin strength.

 

Operationally, Hindustan Zinc delivered its highest-ever third-quarter mined metal production of 276 Kt, up 7% QoQ and 4% YoY, and a record 3Q refined metal production of 270 Kt, up 9% QoQ and 4% YoY. Cost efficiency remained a highlight, with zinc production costs falling to a five-year low of $940 per tonne, down 5% QoQ and 10% YoY, cementing the company’s status as a global low-cost producer.

 

Silver production climbed 10% QoQ to 158 MT, contributing 44% to overall profitability. Debottlenecking at Chanderiya and Dariba Smelters boosted refined zinc capacity by 21 Ktpa. The company also emerged as the successful bidder for the Tungsten Block in Balepalyam, Andhra Pradesh, marking a strategic move in critical minerals.

 

Shareholders reaped rich rewards as Hindustan Zinc delivered total shareholder returns of 35% over nine months, outperforming Nifty 100 by 5x and Nifty Metal by 2.4x, including a dividend of ₹10 per share.

 

Hindustan Zinc also retained its No.1 position in metals & mining in the S&P Global Corporate Sustainability Assessment 2025 for the third consecutive year, achieving the highest score by any company in five years.

 

CEO Arun Misra said: “The quarter marked a record performance, reflecting operational excellence and strong fundamentals with the Company achieving its highest-ever third quarter metal production and 5-year lowest quarterly zinc cost of production of $940 per tonne. 

 

"I am immensely proud that our sustainability leadership continues to set a global benchmark by retaining the No. 1 position in metals & mining in S&P Global Corporate Sustainability Assessment 2025 for the 3rd consecutive year. With debottlenecking projects completed, 2x growth projects underway, and strategic diversification into critical metals, we remain firmly positioned at the forefront of global energy transition.”

 

CFO Sandeep Modi added: "Hindustan Zinc delivered a record financial performance for the quarter and nine months, with 3Q Profit after taxes surging 48% sequentially to an all-time high of ₹ 3,916 crore, driven by highest-ever revenue and EBITDA. 

 

"The contribution of our precious metal portfolio to profits rose to 44% during the quarter. With a strong balance sheet, cost leadership, disciplined execution, and industry-leading margins, we are well positioned to translate opportunity into sustained and superior shareholder returns.”

 

Hindustan Zinc’s latest performance reinforces its position as a global metals powerhouse, combining operational efficiency, strong shareholder returns, and world-class sustainability leadership.