Hindustan Zinc Q4 FY26 Results: Profit Up 68%, Dividend of ₹11 Per Share Declared
Hindustan Zinc Declares Dividend of ₹11 Per Share
Hindustan Zinc reported a strong set of Q4 FY26 numbers, with consolidated net profit rising 67.6% year-on-year to ₹5,033 crore and revenue from operations increasing 49.0% to ₹13,544 crore. Along with the results, the company declared its first interim dividend for FY27 at ₹11 per share, with April 30, 2026 fixed as the record date.
Q4 FY26 performance
The company’s quarterly profit jumped sharply from ₹3,003 crore in the same period last year, reflecting stronger pricing and better operating performance. Revenue growth was driven by higher realizations across key metal segments, especially silver, zinc, and lead.
EBITDA also improved meaningfully, rising 61% year-on-year to ₹7,747 crore. Hindustan Zinc said this was supported by best-ever mined metal production of 315 kt, record refined metal production of 282 kt, and its lowest-ever cost of production at $903 per tonne.
Dividend announcement
The board approved the first interim dividend of ₹11 per equity share for FY27, which is a 550% dividend on the face value of ₹2. The total payout will be about ₹4,648 crore.
The company fixed April 30, 2026 as the record date for determining eligible shareholders. The dividend will be paid within the timeline prescribed under law.
Segment highlights
Hindustan Zinc saw strong performance across its operating segments. Zinc and lead business revenue rose 21.4%, while silver revenue surged 138% year-on-year amid a sharp rally in silver prices.
The company also reported production strength in Q4, with silver output at 176 tonnes, up 11% sequentially. For FY27, management expects mined metal production of 1,150 ktpa, refined metal production of 1,100 ktpa, and silver output of 680 metric tonnes.
Why the stock moved
Even with strong results, the stock fell in late trade after the announcement, partly because some investors had expected a higher dividend payout. The market reaction suggests that while earnings were robust, dividend expectations were already elevated.
Hindustan Zinc remains one of the highest-dividend-paying metal companies in India. Its ability to generate strong cash flows, maintain low production costs, and reward shareholders continues to support its long-term investment case.
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