Hindustan Zinc Reports Record 3QFY26 Results with Revenue of ₹10,980 Cr, PAT at ₹3,916 Cr
Hindustan Zinc reported record 3QFY26 results with revenue at ₹10,980 crore, up 27% YoY, and PAT at ₹3,916 crore, up 46% YoY. EBITDA reached ₹6,087 crore. The company achieved its best-ever 3Q mined metal production (276 kt) and record 3Q refined metal production (270 kt). Zinc cost of production was at a 5-year low of $940/MT.
The record financial results, historical production figures, and cost efficiencies are significant positive developments for the company, likely to be viewed favorably by investors and stakeholders.
The company reported record financial and operational performance, including record revenue, EBITDA, and PAT, along with a 5-year low in zinc cost of production. This indicates strong financial health and operational efficiency.
Hindustan Zinc Limited announced its unaudited consolidated and standalone financial results for the third quarter and nine months ended December 31, 2025. The company reported a record revenue of ₹10,980 crore for 3QFY26, marking a significant increase of 28% quarter-on-quarter and 27% year-on-year. EBITDA also reached a historic high of ₹6,087 crore, up 36% QoQ and 34% YoY, with an industry-leading EBITDA margin of 55%. Profit After Tax (PAT) surged by 48% QoQ and 46% YoY to ₹3,916 crore, making it the highest ever quarterly PAT. For the nine months ended December 31, 2025 (9MFY26), the company achieved record revenue of ₹27,300 crore, up 9% YoY, and record EBITDA of ₹14,415 crore, up 14% YoY. PAT for the nine months stood at ₹8,799 crore, a 20% increase YoY. The company also highlighted its best-ever 3Q mined metal production at 276 kt and record 3Q refined metal production at 270 kt. Zinc cost of production (excluding royalty) was at a 5-year low of $940/MT for the quarter. Silver production increased by 10% QoQ to 158 MT, contributing significantly to profitability.
The company continues to focus on growth projects, including debottlenecking at Dariba and Chanderiya, a hot acid leaching plant, and a 510 Ktpa fertilizer plant. Expansion projects for refined metal capacity at Debari and mined metal capacity across mines are underway with a target completion of 2QFY29. Hindustan Zinc also aims for 2x growth by expanding capacities, strengthening cost leadership, building a diversified product portfolio, and progressing towards sustainability goals, including a 70% renewable energy share by 2030.
Hindustan Zinc has maintained its position as the No.1 company in the metals & mining sector in the S&P Global Corporate Sustainability Assessment for the third consecutive year. The company is committed to achieving near-zero waste, reducing emissions by 50% (Scope 1 and 2) by 2030, and halving freshwater consumption. An investor presentation detailing these results and future outlook was also released.
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