Financial Performance Summary

Revenue Performance

  • Revenue from operations: ₹13,747 crore for Q1 FY2027, up 77% YoY from ₹7,771 crore in Q1 FY2026
  • Revenue breakdown by product:
  • Zinc: ₹7,304 crore (48% YoY growth)
  • Lead: ₹1,086 crore (25% YoY growth)
  • Silver: ₹3,839 crore (169% YoY growth)
  • Others: ₹1,518 crore (183% YoY growth)

Profitability Metrics

  • EBITDA: ₹8,074 crore for Q1 FY2027, up 109% YoY from ₹3,860 crore
  • EBITDA margin: 59% (improved by 900 bps YoY from 50%)
  • Net profit (after exceptional items): ₹5,469 crore, up 145% YoY from ₹2,234 crore
  • Earnings per share: ₹12.9 (not annualized), up 145% YoY from ₹5.3
  • Effective tax rate: 25.23% for the quarter

Production Metrics

  • Mined metal production: 268 KT (highest-ever first quarter production, up 1% YoY)
  • Refined metal production: 260 KT (up 4% YoY)
  • Zinc: 213 KT (up 6% YoY)
  • Lead: 47 KT (down 2% YoY)
  • Silver production: 149 tonnes (flat YoY)
  • Wind power generation: 133 million units (down 1% YoY)

Cost and Price Metrics

  • Zinc cost of production (excluding royalty): $851 per tonne (improved 16% YoY from $1,010)
  • Zinc LME price: $3,466 per tonne (up 31% YoY)
  • Lead LME price: $1,954 per tonne (up 0.4% YoY)
  • Silver LBMA price: $73.2 per ounce (up 117% YoY)
  • USD-INR average: 94.58 (up 11% YoY from 85.57)

Leadership Updates

  • Mr. Amarendu Prakash appointed as Chief Executive Officer and Whole-time Director effective August 1, 2026
  • Mr. Amit Gupta appointed as Chief Financial Officer effective June 1, 2026

Dividend Declaration

  • First interim dividend declared: ₹11 per share (550% of face value)
  • Total dividend payout: ₹4,648 crore

Liquidity and Financial Position

  • Gross investments and cash: ₹12,892 crore as of June 30, 2026
  • Total borrowings outstanding: ₹7,320 crore as of June 30, 2026
  • Credit rating: Consistent Investment grade AAA from CRISIL

Operational Highlights

  • Renewable power consumption increased to 22% of overall power consumption
  • Secured mining lease for Gundlupet rare earth elements (REE) & Yttrium Block in Karnataka
  • Free cash flow pre growth capex: ₹5,253 crore

ESG Initiatives

  • Rampura Agucha Mine received Zinc Mark certification (India's first mine)
  • Included in Dow Jones Best-in-Class Index (Emerging markets)
  • Deployed India's first 250 metric tonne capacity electric crane at Zinc Smelter Debari
  • Flagged off Rajasthan's largest fleet of 41 electric buses for workforce transportation
  • Featured in TIME's World's Most Sustainable Companies 2026 List
  • Signed MoUs for hydrogen fuel and clean energy solutions exploration
  • Signed MoU with TERI for 250-hectare ecological restoration project

Project Updates

  • 510 KTPA Fertiliser plant: Completion expected by Q2 FY2027
  • Hot acid leaching technology at Dariba: Completion expected by Q2 FY2027
  • 250 KTPA integrated refined zinc capacity expansion at Debari: Detailed engineering in progress, expected completion by Q2 FY2029
  • 10 MTPA tailings reprocessing plant at Rampura Agucha: Construction commenced, expected completion by Q4 FY2028

National Contribution

  • Total contribution to national exchequer: approximately ₹6,450 crore
  • Contribution to Rajasthan state exchequer: approximately ₹1,700 crore (including mining royalties)

Management Commentary

CEO Arun Misra highlighted strong operational performance with fifth consecutive year of highest-ever first quarter mined metal production. CFO Amit Gupta emphasized record profitability driven by operational excellence and cost competitiveness.

Investor Communication

Earnings conference call scheduled for July 24, 2026, at 16:00 hours IST to discuss results and performance.