Board Meeting Details

The meeting was held on Friday, July 24, 2026, commencing at 12:00 Noon and concluding at 02:05 p.m. IST.

Financial Results - Consolidated

Quarter Ended June 30, 2026 (Unaudited):

  • Total Revenue: ₹13,747 crore
  • Total Income: ₹14,063 crore
  • Profit Before Tax: ₹7,314 crore
  • Tax Expense: ₹1,845 crore
  • Net Profit: ₹5,469 crore
  • Total Comprehensive Income: ₹5,606 crore

Comparative Figures:

  • Q1 FY26 Net Profit: ₹2,234 crore (145% YoY increase)
  • Q4 FY26 Net Profit: ₹5,033 crore

Financial Results - Standalone

Quarter Ended June 30, 2026 (Unaudited):

  • Revenue from Operations: ₹13,687 crore
  • Total Income: ₹14,002 crore
  • Profit Before Tax: ₹7,259 crore
  • Tax Expense: ₹1,834 crore
  • Net Profit: ₹5,425 crore
  • Total Comprehensive Income: ₹5,562 crore
  • Earnings Per Share (Basic): ₹12.84
  • Earnings Per Share (Diluted): ₹12.84

Comparative Figures:

  • Q1 FY26 Net Profit: ₹2,204 crore (146% YoY increase)
  • Q4 FY26 Net Profit: ₹4,997 crore

Segment Performance (Consolidated)

Zinc, Lead and Silver Segment:

  • Revenue: ₹12,985 crore
  • Segment Result: ₹7,173 crore

Wind Energy Segment:

  • Revenue: ₹48 crore
  • Segment Result: ₹27 crore

Key Financial Ratios

Consolidated Ratios (Q1 FY27):

  • Operating Margin: 52%
  • Net Profit Margin: 40%
  • Debt Service Coverage Ratio: 7.44 times
  • Interest Service Coverage Ratio: 53.02 times
  • Debt-Equity Ratio: 0.31 times
  • Current Ratio: 2.03 times
  • Net Worth: ₹23,587 crore

Standalone Ratios (Q1 FY27):

  • Operating Margin: 52%
  • Net Profit Margin: 40%
  • Debt Service Coverage Ratio: 7.39 times
  • Interest Service Coverage Ratio: 52.66 times
  • Debt-Equity Ratio: 0.31 times
  • Current Ratio: 2.03 times
  • Net Worth: ₹23,386 crore

Regulatory Investigations

The disclosure notes ongoing investigations by regulatory authorities:

1. SEBI Observations: During the current quarter, SEBI communicated observations on related party transactions pertaining to approval and disclosure aspects. No financial penalty, restriction, or sanction resulted. Corrective measures have been taken and presented to the Audit & Risk Management Committee and Board of Directors, who expressed satisfaction with the actions taken.

2. Enforcement Directorate Investigation: The ED conducted a search and seizure operation under FEMA at Hindustan Zinc Limited premises from June 1-3, 2026. The company provided full cooperation and documentation but has not received further communication from ED.

3. Short Seller Allegations: Management continues to believe that allegations from a previous year's short seller report are baseless, and no adjustments were required in the financial results.

Subsidiary Information

The consolidated results include 5 subsidiaries:

  • Hindustan Zinc Alloys Private Limited
  • Vedanta Zinc Football & Sports Foundation
  • Zinc India Foundation
  • Hindustan Zinc Fertilisers Private Limited
  • Hindmetal Exploration Services Private Limited

Four subsidiaries with total revenues of ₹28.62 crore were reviewed by other auditors.

Exceptional Items

The company had disclosed an exceptional item of ~₹31 crore in the previous financial year (FY26) related to the impact of New Labour Codes on gratuity and leave encashment, which was non-recurring in nature.

Capital Structure

Paid-up equity share capital remained unchanged at ₹845 crore (face value ₹2 per share).