Hindustan Zinc is gradually
expanding its resource footprint through its exploration subsidiary and is
making a calibrated move into critical minerals beyond the core portfolio of
zinc, lead, and silver, Chairperson Priya Agarwal Hebbar said in a letter to
shareholders.
Priya Agarwal Hebbar emphasized on Hindustan
Zinc’s low-cost leadership, record third-quarter operational and financial
performance, and the growing contribution of silver to profitability amid
higher prices. She stated that initiatives such as the proposed Zinc Park, Hindustan
Zinc’s calibrated entry into critical minerals with a tungsten exploration
licence, and the role of technology in improving safety and efficiency are all progressing
well.
Hindustan Zinc delivered its
highest-ever third-quarter mined metal production since the underground
transition in the third quarter and also delivered a record third-quarter
refined metal production. The company produced 276 kt of mined metal and
achieved a record 270 kt of refined metal.
“For the first time in our
company's history, quarterly revenue crossed ₹10,000 crore, reaching ₹10,980
crore-up 28% from the previous quarter,” she said.
“Our EBITDA hit an all-time high of
16,087 crore with a 55% margin, and profit after tax grew to 13,916 crore, up
48% quarter-on-quarter and 46% year-on-year. These outcomes reinforce our
confidence in the strength of our integrated operating model and the disciplined
way the business is being managed,” she added.
Priya Agarwal Hebbar also highlighted
Hindustan Zinc’s ongoing efforts to maintain cost leadership in silver. “What
makes me particularly proud is that we achieved this while reducing our cost of
production by approximately 10% year-on-year. At around $940 per tonne, our
zinc production cost remains among the lowest globally. In uncertain times,
this discipline gives us resilience.”
“Silver emerged as a significant
part of our story this quarter, reflecting its growing importance across clean
energy, electronics and advanced manufacturing. Hindustan Zinc produced 158
metric tonnes of silver during the third quarter and with higher silver prices,
the precious metal's contribution rose to 44% of the overall profitability,”
she said.
Hindustan Zinc is focusing on
technology, which is helping the company in advancing its priorities.
“Automation, real-time monitoring and data-led decision-making increasingly
supported improvements in safety, resource efficiency and environmental
performance across our mines and smelters. These aren't just tools-they're
enabling us to keep the promises we make to our employees and communities,”
Priya Agarwal Hebbar said.
Hindustan Zinc is consciously
evolving from a zinc-silver major into a diversified multi-metal and critical
minerals company. “This quarter tested
that strength across volatile markets and shifting global dynamics, and I'm
proud to share that Hindustan Zinc rose to meet the moment. What emerged was
not just resilience, but a clearer vision of what Hindustan Zinc is becoming: a
multi-metal enterprise built for the next industrial era, anchored in
operational excellence and energized by purpose.” she said.