Hindustan Zinc Board Approves Q4FY26 Results: ₹5,033 Cr Profit, ₹11 Dividend
Hindustan Zinc's Board meeting on April 24, 2026 approved strong Q4FY26 results with 49% revenue growth to ₹13,544 crore and 68% profit jump to ₹5,033 crore. The company declared first interim dividend of ₹11 per share for FY27 totaling ₹4,648 crore, achieved record quarterly production of 315 Kt mined metal, and reported lowest-ever cost of production at $903 per tonne.
*this image is generated using AI for illustrative purposes only.
Hindustan Zinc announced the outcome of its Board of Directors meeting held on April 24, 2026, approving the audited standalone and consolidated financial results for Q4FY26 and the full year ended March 31, 2026. The company also declared the first interim dividend of ₹11 per equity share for Financial Year 2026-27 and released comprehensive regulatory filings under SEBI Listing Regulations.
Board Meeting Outcomes and Regulatory Filings
The Board meeting commenced at 12:00 Noon and concluded at 2:00 p.m. IST on April 24, 2026. The company formally communicated its financial results disclosure to BSE Limited and National Stock Exchange of India Limited through letter HZL/2026-27/SECY/10. Company Secretary & Compliance Officer Aashhima V Khanna signed the regulatory communication, confirming the press release availability on the company website at www.hzlindia.com .
| Board Decisions: | Details |
|---|---|
| Meeting Date: | April 24, 2026 |
| Meeting Duration: | 12:00 Noon to 2:00 p.m. IST |
| Results Approved: | Q4FY26 & Full Year FY26 |
| Dividend Declaration: | ₹11 per share for FY27 |
| Record Date: | April 30, 2026 |
Auditor's Report and Compliance
The Audit Report for Financial Results from Statutory Auditors M/s S.R. Batliboi & Co. LLP, Chartered Accountants, was submitted in terms of Regulation 33 and 52 of the SEBI Listing Regulations. The report of the Auditors is with unmodified opinion with respect to the Financial Results. The auditors emphasized matters regarding allegations made during the year by a short seller and ongoing regulatory inquiries, noting that management's assessment indicates no adjustments are required to the financial statements.
Financial Performance Highlights
The company reported robust financial performance for Q4FY26 with consolidated revenue from operations of ₹13,544 crore, representing 49% growth from ₹9,087 crore in the corresponding quarter of the previous year. Consolidated net profit for the quarter stood at ₹5,033 crore, compared to ₹3,003 crore in Q4FY25. For the full year FY26, consolidated net profit reached ₹13,832 crore, up from ₹10,353 crore in FY25.
| Financial Metrics: | Q4FY26 | Q4FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹13,544 crore | ₹9,087 crore | +49% |
| Net Profit (Consolidated): | ₹5,033 crore | ₹3,003 crore | +68% |
| Net Profit (Standalone): | ₹4,997 crore | ₹2,976 crore | +68% |
| EBITDA: | ₹7,747 crore | ₹4,816 crore | +61% |
| Basic EPS: | ₹11.91 | ₹7.11 | +68% |
Operational Excellence and Production Records
The company achieved record operational milestones during the quarter. Mined metal production reached 315 Kt in Q4FY26, the best ever quarterly performance, up 14% QoQ and 2% YoY. Refined metal production also hit a record quarterly level of 282 Kt, up 5% QoQ. The company reported its lowest quarterly cost of production (COP) at $903 per tonne, driven by lower power cost due to higher domestic coal usage and softened coal prices.
| Production Metrics: | Q4FY26 | Q4FY25 | Change (%) |
|---|---|---|---|
| Mined Metal Content: | 315 Kt | 310 Kt | +2% |
| Refined Metal: | 282 Kt | 270 Kt | +4% |
| Refined Zinc: | 227 Kt | 214 Kt | +6% |
| Cost of Production: | $903/tonne | - | Lowest ever |
Dividend Declaration and Fund Utilization
The Board declared the first interim dividend of ₹11 per equity share for Financial Year 2026-27, representing 550% on the face value of ₹2 per share. The total dividend amount reaches ₹4,648 crore with the record date fixed as April 30, 2026. The company also provided compliance details under Regulation 52(7) and 52(7A) regarding the utilization of ₹1,400 crore raised through Non-Convertible Debentures in February 2026.
| Fund Utilization Details: | Amount |
|---|---|
| NCD Issue (February 2026): | ₹1,400 crore |
| Utilization Status: | Fully utilized |
| Purpose: | Business operations, taxes, royalties |
| Deviation from Objects: | No |
Regulatory Matters and Management Response
The auditor's report highlighted ongoing matters related to allegations made by a short seller against Vedanta Group entities including Hindustan Zinc Limited. Management continues to believe that these allegations are baseless and that transactions have appropriate commercial substance with necessary approvals. Information sought by regulators and authorities have been duly provided by the company, with no further communication received as of the reporting date.
Historical Stock Returns for Hindustan Zinc
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.61% | -0.68% | +20.68% | +22.06% | +31.05% | +96.46% |
How will the ongoing regulatory inquiries and short seller allegations impact Hindustan Zinc's market valuation and investor confidence in the coming quarters?
Can Hindustan Zinc sustain its record-low cost of production of $903 per tonne amid potential volatility in coal prices and energy costs?
What expansion plans or capital allocation strategies might the company pursue given its strong cash generation and ₹4,648 crore dividend payout capacity?
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