Hindustan Zinc Q3 Results FY25: Strong Profit Growth and Record Production

Hindustan Zinc has announced its results for the third quarter (Q3FY25) of the fiscal year, showing a notable 32% year-on-year increase in net profit, which rose to ₹2,678 crore, up from ₹2,028 crore in Q3FY24. Sequentially, the profit surged 15% from ₹2,327 crore in the previous quarter, driven by strong metal volumes, cost reductions, and favorable market conditions.

Key Financial Highlights

Net Profit: ₹2,678 crore (32% YoY increase, 15% QoQ increase)
Total Income: ₹8,832 crore (16% YoY growth, 3.6% QoQ growth)
EBITDA: ₹4,460 crore (27% YoY increase), with a margin improvement to 54% (from 49.8% YoY)

Strong Operational Performance

Hindustan Zinc’s mined metal production reached 265 kt in Q3, a 3% increase from the previous quarter, supported by improved metal grades and higher output at the Agucha and Zawar mines. Refined metal production remained stable at 259 kt YoY but showed a slight decline on a quarter-over-quarter basis due to a planned maintenance shutdown.

On a nine-month basis, Hindustan Zinc achieved a total mined metal production of 784 kt and refined metal production of 783 kt, benefiting from better metal grades and improved mill recovery rates.

Cost Efficiency and Market Conditions

The company achieved a record-low cost of production at $1,041 per tonne in Q3, marking its lowest in the last 15 quarters. This efficiency, coupled with strong market tailwinds, positioned Hindustan Zinc to meet the lower end of its full-year cost guidance.

Management Commentary

CEO Arun Misra stated, “Hindustan Zinc continues to execute its strategic priorities effectively, emphasizing operational excellence, ESG initiatives, and continuous improvement. Our record-high metal production reflects the strength of our assets and consistent performance, further supported by favorable market conditions.”

CFO Sandeep Modi added, “Our focus on operational efficiency and cost management has yielded a robust financial outcome, with our highest-ever third-quarter EBITDA and a nine-quarter best PAT. The cost of production of $1,041 per tonne in Q3 is the lowest in 15 quarters.”

Stock Market Reaction

Following the announcement, Hindustan Zinc’s stock rose over 2%, hitting a day’s high of ₹461.00, reflecting investor confidence in the company’s performance.

Hindustan Zinc’s Q3 FY25 results reflect a strong performance marked by profit growth, cost efficiency, and high production levels, positioning the company for sustained success in the competitive mining and metals sector.