Hindustan Zinc Q3 Results: Profit Jumps 46% to ₹3,879 Cr

Mumbai: : Hindustan Zinc Limited (HZL), India's largest integrated zinc-lead-silver producer and a subsidiary of Vedanta Limited, announced stellar unaudited financial results for the third quarter ended December 31, 2025. The company reported a robust 46% jump in standalone net profit, riding on strong operational performance and favourable commodity prices.

Key Financial Highlights (Standalone - Q3 FY26 vs Q3 FY25):

Revenue from Operations: Increased by 27.6% to ₹10,922 crore (from ₹8,556 crore).
Net Profit: Soared by 46.5% to ₹3,879 crore (from ₹2,647 crore).
Earnings Per Share (EPS): Stood at ₹9.18 for the quarter.
EBITDA: Likely saw significant expansion, though not explicitly stated in summary figures.
Total Comprehensive Income: Was ₹3,454 crore for the quarter.

Nine-Month Performance (Apr-Dec 2025):

Cumulative Revenue: Grew to ₹27,170 crore.
Cumulative Net Profit: Rose to ₹8,715 crore, with an EPS of ₹20.63.

Operational & Segment-Wise Performance (Consolidated View):

The consolidated results, which include subsidiaries, mirrored the strong standalone performance. A key driver was the Silver segment:

Silver Revenue (Q3): Jumped to ₹2,676 crore from ₹1,465 crore in Q3 FY25, a rise of over 82%.
Zinc & Lead Revenue: Also grew healthily to ₹7,932 crore.

Exceptional Items & Notable Adjustments:

The results included two significant exceptional items:

Reversal of Provision: ₹25 crore related to a reassessed Environment & Health Cess liability.
Labour Code Impact: An additional ₹31 crore provision was recognized due to the anticipated impact of the newly notified Labour Codes. Management has classified this as exceptional due to its non-recurring, regulatory-driven nature.

Auditor's Report & Short-Seller Allegations:

Statutory auditors S.R. Batliboi & Co. LLP issued a "unmodified" (clean) review report on both standalone and consolidated results. The report specifically addressed recent short-seller allegations against Vedanta Group entities, including HZL.

Management's Stance: The company's board and management stated they believe the allegations are "baseless," transactions have "appropriate commercial substance," and all processes were duly followed. They confirmed providing necessary information to regulators and asserted that no adjustments to the financial results are required.

Other Key Developments:

Dividend: The company had previously declared an interim dividend of ₹10 per share (₹4,225 crore total) in June 2025.
Green Energy Investment: Continued investment in renewable power, infusing ₹49 crore in Q3 towards a 530 MW Round-The-Clock captive power agreement with Serentica Renewables.

Stock Market Compliance:

The results were approved by the Board in a meeting held from 12:30 PM to 2:50 PM IST today. The company has duly submitted the financial statements and the limited review report to the BSE and the National Stock Exchange (NSE) in compliance with SEBI LODR Regulations.

About Hindustan Zinc Limited:
Hindustan Zinc, a Vedanta Group company, is one of the world's largest integrated producers of zinc, lead, and silver. The company has its operations located primarily in Rajasthan.