Hindustan Zinc Limited, the world’s largest integrated zinc producer, delivered a strong financial and operational performance in FY25. The company achieved record-high mined metal production of 1,095 kilotonnes and refined metal production of 1,052 kilotonnes. It also recorded its lowest zinc production cost in four years at $1,052 per metric tonne, which was 6% lower year-on-year. Domestic zinc sales hit a record 603 kilotonnes, capturing a 77% market share. Additionally, 22% of sales came from value-added products, and the company surpassed 13.1 million tonnes in metal reserves, ensuring a mine life of over 25 years.
The company posted its second-highest ever revenue of ₹34,083 crore, up 18% from the previous year. EBITDA reached ₹17,465 crore, up 28%, with a strong EBITDA margin of around 51%, rising 400 basis points year-on-year. Net profit stood at ₹10,353 crore, marking a 33% increase. Return on capital employed hit a record high of 58%.
Hindustan Zinc also generated ₹13,784 crore in free cash flow from operations and contributed ₹18,734 crore to the government, 42% higher than the previous year. It ranked among the top 3 companies in the Nifty Metal index with a market capitalisation of ₹195,000 crore and delivered a 68% total shareholder return.
In Q4 FY25, Hindustan Zinc recorded its highest-ever fourth-quarter revenue of ₹9,087 crore, up 20% year-on-year. EBITDA for the quarter was ₹4,816 crore, up 32%, with a leading margin of 53%. Net profit for Q4 reached a record ₹3,003 crore, up 47%. The zinc cost of production during the quarter dropped to a 16-quarter low of $994 per metric tonne, driven by better metal grades, improved coal supply, and operational efficiencies. The company was also included in the Futures & Options segment on the NSE from March 2025.
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The cost of producing zinc continued to drop due to several factors, including higher metal grades, better recovery rates, more use of domestic coal and renewable energy, and stronger sales of by-products. These improvements helped reduce the overall cost and boost profits despite global market challenges.
As of March 31, 2025, the company had ₹9,482 crore in cash and investments, primarily in high-quality debt instruments. Borrowings stood at ₹10,651 crore, with net debt falling to ₹1,169 crore from ₹4,117 crore in the previous quarter. The company maintained a top AAA credit rating from CRISIL, reflecting a healthy and stable financial position.
Hindustan Zinc is progressing with several major projects. A 160 KTPA roaster at Debari is expected to be ready in the first quarter of FY26. Expansion work at its smelting complexes in Dariba and Chanderiya is scheduled for completion in the second and third quarters, respectively. The 510 KTPfertiliserer plant is on track for completion by the end of FY26. New technology is also being used to extract lead and silver from smelting waste. Work at the Bamnia Kalan project is progressing well.
Hindustan Zinc continued its leadership in sustainability. It supported over 2.3 million people across 2,362 villages through 50+ social initiatives. The company completed nearly 2,000 Nandghars in Rajasthan, contributing to a total of 8,000 across the Vedanta Group. Hindustan Zinc ranked in the top 1% of global metal and mining companies in the S&P Global Sustainability Yearbook for the second year in a row. It signed a 530 MW renewable energy deal with Serentica, pushing renewable energy use to 70% of its power needs. The company also earned global recognition for its Integrated and Sustainability Reports, winning multiple awards.
Hindustan Zinc launched ‘Zincky’, India’s first Gen AI for annual reports, and received international awards for its digital reporting. It earned Category-A accreditation for its exploration subsidiary and commissioned a zero liquid discharge plant at Rampura Agucha mine. The company was also honoured for safety and internal audit excellence.
Hindustan Zinc, part of the Vedanta Group, is the world’s largest integrated zinc producer and one of the top five silver producers globally. With a dominant 77% share of India’s primary zinc market, the company exports to over 40 countries. Known for its sustainability leadership, Hindustan Zinc has introduced EcoZen, Asia’s first low-carbon zinc brand.
As of April 25 at 3:07 PM IST, Hindustan Zinc share price was trading at ₹445.60, down ₹13.75 or 2.99% for the day. The stock opened at ₹462.50 and touched an intraday high of ₹467.90 and a low of ₹439.00. The company has a market capitalisation of ₹1.88 lakh crore, a price-to-earnings (P/E) ratio of 20.07, and offers a dividend yield of 7.85%. Over the past 52 weeks, the stock has touched a high of ₹807.70 and a low of ₹378.15.
Hindustan Zinc’s stellar performance in FY25, driven by operational efficiency, cost control, and sustainability initiatives, reflects its strong fundamentals and future-readiness. With a robust project pipeline and continued focus on ESG, the company is well-positioned to maintain its leadership in the metals industry and contribute meaningfully to a low-carbon future.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Apr 25, 2025, 3:23 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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