{"id":77426,"date":"2026-04-24T19:20:29","date_gmt":"2026-04-24T13:50:29","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=77426"},"modified":"2026-04-24T19:26:03","modified_gmt":"2026-04-24T13:56:03","slug":"hindustan-zinc-q4-fy26-results-pat-5033-crore","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/","title":{"rendered":"Hindustan Zinc Q4 FY26 Results: PAT \u20b95,033 Crore (+68% YoY), Revenue \u20b913,544 Crore, Dividend \u20b911\/Share"},"content":{"rendered":"<p>Hindustan Zinc Q4 FY26 results are outstanding, with the world&#8217;s second-largest integrated zinc producer reporting a 67.6% year-on-year surge in consolidated net profit to \u20b95,033 crore \u2014 versus \u20b93,003 crore in Q4 FY25. On a sequential basis, Hindustan Zinc Q4 PAT rose 28.5% from \u20b93,916 crore in Q3 FY26. Hindustan Zinc Q4 results are powered by elevated LME zinc and silver prices, record operational volumes, and a best-in-class cost structure.<\/p><p>Hindustan Zinc Q4 revenue from operations surged 49% year-on-year to \u20b913,544 crore from \u20b99,087 crore in Q4 FY25. Hindustan Zinc Q4 EBITDA margin was an industry-leading 57% \u2014 up approximately 420 basis points year-on-year \u2014 reflecting the extraordinary operating leverage in Hindustan Zinc Q4&#8217;s integrated mining and smelting model. For the full year, Hindustan Zinc posted FY26 PAT of \u20b913,832 crore (+33.6% YoY) and FY26 revenue of \u20b940,844 crore (+19.8% YoY).<\/p><p>Hindustan Zinc Q4 board declared the first interim dividend of FY27 at \u20b911 per equity share (face value \u20b92 per share), amounting to \u20b94,648 crore in total payout. Hindustan Zinc Q4 dividend record date has been fixed as April 30, 2026. The Hindustan Zinc Q4 FY27 interim dividend of \u20b911 per share compares to \u20b910 per share declared in FY26 \u2014 a 10% increase reflecting the company&#8217;s strong cash generation.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#Hindustan_Zinc_Q4_FY26_Results_Date_and_FY27_Dividend\" title=\"Hindustan Zinc Q4 FY26 Results Date and FY27 Dividend\">Hindustan Zinc Q4 FY26 Results Date and FY27 Dividend<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#Why_Hindustan_Zinc_Q4_FY26_Results_Matter\" title=\"Why Hindustan Zinc Q4 FY26 Results Matter\">Why Hindustan Zinc Q4 FY26 Results Matter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#Hindustan_Zinc_Q4_FY26_Actual_Financial_Results\" title=\"Hindustan Zinc Q4 FY26: Actual Financial Results\">Hindustan Zinc Q4 FY26: Actual Financial Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#5_Key_Factors_That_Will_Drive_Hindustan_Zinc_Q4_FY26_Performance\" title=\"5 Key Factors That Will Drive Hindustan Zinc Q4 FY26 Performance\">5 Key Factors That Will Drive Hindustan Zinc Q4 FY26 Performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#LME_Zinc_Price_Rally_%E2%80%94_Core_Revenue_Driver\" title=\"LME Zinc Price Rally \u2014 Core Revenue Driver\">LME Zinc Price Rally \u2014 Core Revenue Driver<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#Silver_at_Multi-Year_Highs_Near-Zero_Cost_Byproduct\" title=\"Silver at Multi-Year Highs, Near-Zero Cost Byproduct\">Silver at Multi-Year Highs, Near-Zero Cost Byproduct<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#57_EBITDA_Margin_World-Class_Efficiency\" title=\"57% EBITDA Margin, World-Class Efficiency\">57% EBITDA Margin, World-Class Efficiency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#Indias_Renewable_Energy_Infrastructure_Driving_Zinc_Demand\" title=\"India&#8217;s Renewable Energy Infrastructure Driving Zinc Demand\">India&#8217;s Renewable Energy Infrastructure Driving Zinc Demand<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#Record_FY26_PAT_of_%E2%82%B913832_Crore_Cash_Generation_Machine\" title=\"Record FY26 PAT of \u20b913,832 Crore, Cash Generation Machine\">Record FY26 PAT of \u20b913,832 Crore, Cash Generation Machine<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#5_Risks_to_Watch_in_Hindustan_Zinc_Q4_FY26\" title=\"5 Risks to Watch in Hindustan Zinc Q4 FY26\">5 Risks to Watch in Hindustan Zinc Q4 FY26<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#LME_Metal_Price_Cyclicality\" title=\"LME Metal Price Cyclicality\">LME Metal Price Cyclicality<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#Vedanta_Group_Governance_and_Dividend_Extraction\" title=\"Vedanta Group Governance and Dividend Extraction\">Vedanta Group Governance and Dividend Extraction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#Government_Disinvestment_Overhang\" title=\"Government Disinvestment Overhang\">Government Disinvestment Overhang<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#Higher_Royalty_Costs_Scaling_with_Metal_Prices\" title=\"Higher Royalty Costs Scaling with Metal Prices\">Higher Royalty Costs Scaling with Metal Prices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#Mine_Expansion_Execution_Risk\" title=\"Mine Expansion Execution Risk\">Mine Expansion Execution Risk<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#What_was_Hindustan_Zinc_Q4_FY26_net_profit\" title=\"What was Hindustan Zinc Q4 FY26 net profit?\">What was Hindustan Zinc Q4 FY26 net profit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#What_was_Hindustan_Zinc_Q4_FY26_revenue\" title=\"What was Hindustan Zinc Q4 FY26 revenue?\">What was Hindustan Zinc Q4 FY26 revenue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#What_dividend_did_Hindustan_Zinc_declare\" title=\"What dividend did Hindustan Zinc declare?\">What dividend did Hindustan Zinc declare?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#What_was_Hindustan_Zinc_Q4_FY26_EBITDA_margin\" title=\"What was Hindustan Zinc Q4 FY26 EBITDA margin?\">What was Hindustan Zinc Q4 FY26 EBITDA margin?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#What_metals_does_Hindustan_Zinc_produce\" title=\"What metals does Hindustan Zinc produce?\">What metals does Hindustan Zinc produce?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#What_were_Hindustan_Zinc_Q3_FY26_results\" title=\"What were Hindustan Zinc Q3 FY26 results?\">What were Hindustan Zinc Q3 FY26 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#When_did_TCS_declare_Q4_FY26_results\" title=\"When did TCS declare Q4 FY26 results?\">When did TCS declare Q4 FY26 results?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/hindustan-zinc-q4-fy26-results-pat-5033-crore\/#Recent_Article\" title=\"Recent Article\">Recent Article<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Hindustan_Zinc_Q4_FY26_Results_Date_and_FY27_Dividend\"><\/span><strong>Hindustan Zinc Q4 FY26 Results Date and FY27 Dividend<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Get real-time stock research on <a href=\"https:\/\/univest.in\/user\/log-in\">Univest<\/a>.<\/p><p>Hindustan Zinc Q4 FY26 results were declared at the board meeting held on April 24, 2026. Hindustan Zinc Q4 board also declared the first interim dividend of FY27 at \u20b911\/share (record date April 30, 2026). Hindustan Zinc is a Vedanta Group company \u2014 Vedanta Limited holds 64.9% and the Government of India holds 29.5%. Hindustan Zinc Q4 operates from the Zawar, Rajpura Dariba, Kayad, Rampura Agucha, and Sindesar Khurd mines in Rajasthan.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Company<\/strong><\/td><td><strong>Q4 Results Date<\/strong><\/td><td><strong>Status<\/strong><\/td><\/tr><tr><td>TCS<\/td><td>April 9, 2026<\/td><td>Declared<\/td><\/tr><tr><td>HCL Technologies<\/td><td>April 21, 2026<\/td><td>Declared<\/td><\/tr><tr><td>Hindustan Zinc<\/td><td>April 24, 2026<\/td><td>Declared<\/td><\/tr><tr><td>Reliance Industries<\/td><td>April 24, 2026<\/td><td>Declared<\/td><\/tr><\/tbody><\/table><\/figure><p>TCS Q4 FY26 results were declared April 9. Full analysis at <a href=\"https:\/\/univest.in\/blogs\/tcs-q4-results-2026-date-preview\">Univest Blogs \u2014 TCS Q4 FY26 Results<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Hindustan_Zinc_Q4_FY26_Results_Matter\"><\/span><strong>Why Hindustan Zinc Q4 FY26 Results Matter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Hindustan Zinc Q4 is critical for the Indian metals sector because it directly reflects global zinc and silver pricing dynamics. Hindustan Zinc Q4 results validate that higher LME zinc prices \u2014 driven by tight global supply from mine closures in Europe, North America, and South America \u2014 are flowing through to Indian earnings. Hindustan Zinc Q4 57% EBITDA margin at elevated prices demonstrates a cash generation machine with the ability to pay record dividends while funding mine expansion.<\/p><p>Hindustan Zinc Q4 silver production is an increasingly important narrative \u2014 with silver prices rallying above $30\/troy ounce on strong solar, electronics, and investment demand globally. Hindustan Zinc Q4 silver revenue now accounts for approximately 20\u201325% of total revenue and carries near-zero incremental cost. Hindustan Zinc Q4 silver upside is a structural earnings catalyst that investors are increasingly pricing in.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Hindustan_Zinc_Q4_FY26_Actual_Financial_Results\"><\/span><strong>Hindustan Zinc Q4 FY26: Actual Financial Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Hindustan Zinc Q4 FY26 consolidated results beat all analyst estimates. Pre-results, the street estimated PAT of \u20b94,200\u20134,500 crore \u2014 the actual \u20b95,033 crore exceeded the top end. Hindustan Zinc Q4 revenue of \u20b913,544 crore also beat estimates of approximately \u20b912,000\u201312,500 crore. The key positive surprise was higher-than-expected silver realisations and a favourable product mix in the zinc segment.<\/p><p>Access premium research on <a href=\"https:\/\/univest.in\/user\/log-in\">Univest<\/a>.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Metric<\/strong><\/td><td><strong>Q4 FY25<\/strong><\/td><td><strong>Q3 FY26<\/strong><\/td><td><strong>Q4 FY26 Actual<\/strong><\/td><td><strong>YoY Change<\/strong><\/td><\/tr><tr><td>Revenue (\u20b9 Cr)<\/td><td>9,087<\/td><td>10,980<\/td><td>13,544<\/td><td>+49%<\/td><\/tr><tr><td>PAT (\u20b9 Cr)<\/td><td>3,003<\/td><td>3,916<\/td><td>5,033<\/td><td>+68%<\/td><\/tr><tr><td>EBITDA Margin<\/td><td>%<\/td><td>~52%<\/td><td>~55%<\/td><td>57%<\/td><td>+420 bps YoY<\/td><\/tr><tr><td>EPS (\u20b9\/share)<\/td><td>7.11<\/td><td>9.27<\/td><td>11.91<\/td><td>+68%<\/td><\/tr><tr><td>FY26 Full-Year PAT (\u20b9 Cr)<\/td><td>10,353<\/td><td>\u2014<\/td><td>13,832<\/td><td>+33.6%<\/td><\/tr><tr><td>FY26 Full-Year Revenue (\u20b9 Cr)<\/td><td>34,083<\/td><td>\u2014<\/td><td>40,844<\/td><td>+19.8%<\/td><\/tr><tr><td>FY27 Interim Div (\u20b9\/share)<\/td><td>\u2014<\/td><td>\u2014<\/td><td>11<\/td><td>Rec. date Apr 30<\/td><\/tr><\/tbody><\/table><\/figure><p>Hindustan Zinc Q4 product-wise volume data \u2014 refined zinc, mined metal, silver in kilogrammes, and lead \u2014 will be released in the detailed quarterly report. Hindustan Zinc Q4 cost of production per tonne of zinc (COP) is the most closely tracked efficiency metric. Hindustan Zinc Q4 total expenses rose 27.86% YoY to \u20b97,073 crore, driven by higher royalties (scaled with metal prices) and mining costs.<\/p><p>Screen <a href=\"https:\/\/univest.in\/screeners\">HINDZINC live fundamentals<\/a> on the Univest Screener.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Key_Factors_That_Will_Drive_Hindustan_Zinc_Q4_FY26_Performance\"><\/span><strong>5 Key Factors That Will Drive Hindustan Zinc Q4 FY26 Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"LME_Zinc_Price_Rally_%E2%80%94_Core_Revenue_Driver\"><\/span><strong>LME Zinc Price Rally \u2014 Core Revenue Driver<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Hindustan Zinc Q4 revenue growth of 49% YoY is primarily driven by LME zinc prices rising approximately 20\u201325% versus Q4 FY25. Hindustan Zinc Q4 every $100\/tonne increase in LME zinc price flows almost entirely to EBITDA given the company&#8217;s fixed-cost mining and smelting structure. Hindustan Zinc Q4 global zinc supply tightness \u2014 from major mine closures in Europe and the Americas \u2014 is the structural driver underpinning this price tailwind.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Silver_at_Multi-Year_Highs_Near-Zero_Cost_Byproduct\"><\/span><strong>Silver at Multi-Year Highs, Near-Zero Cost Byproduct<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Hindustan Zinc Q4 silver production is approximately 200+ tonnes per quarter (approximately 750 MTPA annually). Hindustan Zinc Q4 silver is produced as a natural byproduct of zinc-lead ore processing at minimal additional cost. With silver prices above $30\/troy ounce in Q4 FY26 \u2014 driven by solar panel manufacturing, electronics, and investment demand \u2014 Hindustan Zinc Q4 silver revenue represents essentially pure profit contribution. This silver leverage is a structural earnings amplifier.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"57_EBITDA_Margin_World-Class_Efficiency\"><\/span><strong>57% EBITDA Margin, World-Class Efficiency<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Hindustan Zinc Q4 EBITDA margin of 57% places it among the most profitable mining companies globally. Hindustan Zinc Q4 cost advantage stems from: Rampura Agucha&#8217;s rich ore grades (among the world&#8217;s highest), fully captive power from its own thermal plant, complete integration from mine to refined metal, and decades of operational learning. Hindustan Zinc Q4 full-year FY26 EBITDA margin of 54% (up 300 bps YoY) confirms this is not a one-quarter fluke.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Indias_Renewable_Energy_Infrastructure_Driving_Zinc_Demand\"><\/span><strong>India&#8217;s Renewable Energy Infrastructure Driving Zinc Demand<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Hindustan Zinc Q4 benefits from India&#8217;s solar and transmission infrastructure boom. Zinc is used to galvanise steel for solar mounting structures, transmission towers, and construction rebar. Hindustan Zinc Q4 domestic zinc sales \u2014 approximately 60% of production \u2014 are growing as India builds out 500 GW of renewable capacity by 2030. Hindustan Zinc Q4 domestic demand growth is structural and multi-year.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Record_FY26_PAT_of_%E2%82%B913832_Crore_Cash_Generation_Machine\"><\/span><strong>Record FY26 PAT of \u20b913,832 Crore, Cash Generation Machine<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Hindustan Zinc Q4 caps a landmark FY26 with full-year PAT of \u20b913,832 crore (+33.6% YoY) and revenue of \u20b940,844 crore (+19.8% YoY). Hindustan Zinc Q4 cash generation allows the company to simultaneously pay record dividends (\u20b94,648 crore in first FY27 interim alone) and fund the mine expansion programme targeting 1.3 MTPA zinc production by FY28.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Risks_to_Watch_in_Hindustan_Zinc_Q4_FY26\"><\/span><strong>5 Risks to Watch in Hindustan Zinc Q4 FY26<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"LME_Metal_Price_Cyclicality\"><\/span><strong>LME Metal Price Cyclicality<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Hindustan Zinc Q4 exceptional 68% PAT growth is significantly amplified by elevated commodity prices. Hindustan Zinc Q4 inherent operating leverage works both ways \u2014 if LME zinc prices correct to $2,200\u20132,400\/tonne (prior cycle trough levels), PAT could decline 35\u201340% even with no change in volumes or costs. Hindustan Zinc Q4 commodity price risk is the dominant investment risk.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Vedanta_Group_Governance_and_Dividend_Extraction\"><\/span>Vedanta Group Governance and Dividend Extraction<span class=\"ez-toc-section-end\"><\/span><\/h3><p>Hindustan Zinc Q4 largest dividend beneficiary is Vedanta Limited (receiving \u20b92,821 crore from the \u20b94,648 crore FY27 interim dividend). Hindustan Zinc Q4 investors must assess whether Vedanta extracts dividends at the expense of reinvestment. The historical relationship between Vedanta&#8217;s debt needs and Hindustan Zinc Q4 dividend payout is a governance watchpoint.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Government_Disinvestment_Overhang\"><\/span><strong>Government Disinvestment Overhang<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Hindustan Zinc Q4 Government of India&#8217;s 29.5% stake could be subject to disinvestment \u2014 the government has periodically explored stake sales. Hindustan Zinc Q4 potential open-market government disinvestment could create near-term stock supply overhang and price pressure.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Higher_Royalty_Costs_Scaling_with_Metal_Prices\"><\/span><strong>Higher Royalty Costs Scaling with Metal Prices<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Hindustan Zinc Q4 total expenses rose 27.86% YoY, partly due to higher royalties paid to the Rajasthan government (which are calculated as a percentage of metal value). Hindustan Zinc Q4 royalty costs are a cost that scales with revenue \u2014 when prices are high, royalty drag increases. Hindustan Zinc Q4 cost of production per tonne of zinc must be monitored to ensure royalty inflation doesn&#8217;t erode the margin advantage.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mine_Expansion_Execution_Risk\"><\/span><strong>Mine Expansion Execution Risk<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Hindustan Zinc Q4 ambitious mine expansion plan \u2014 targeting 1.3 MTPA zinc production \u2014 requires sustained capital investment and mining execution. Any delays in shaft deepening, ore development, or smelter upgrades could push out the production growth timeline. Hindustan Zinc Q4 underground mine expansions face geological and technical risks inherent in deep-level mining.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Hindustan Zinc Q4 FY26 results are exceptional \u2014 68% PAT growth, 49% revenue growth, 57% EBITDA margin, and \u20b911\/share FY27 interim dividend totalling \u20b94,648 crore. Hindustan Zinc Q4 is the beneficiary of perfect alignment: world-class cost efficiency, elevated zinc and silver prices, and India&#8217;s structural zinc demand from infrastructure and renewable energy. FY26 full-year PAT of \u20b913,832 crore cements Hindustan Zinc Q4 as one of India&#8217;s most profitable and cash-generative listed companies.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data is sourced from publicly available NSE\/BSE filings. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.<\/p><p>For more Q4 FY26 results analysis, visit <a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_was_Hindustan_Zinc_Q4_FY26_net_profit\"><\/span><strong>What was Hindustan Zinc Q4 FY26 net profit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Hindustan Zinc Q4 FY26 consolidated PAT was \u20b95,033 crore, up 67.6% year-on-year from \u20b93,003 crore in Q4 FY25. Sequentially it rose 28.5% from \u20b93,916 crore in Q3 FY26.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_was_Hindustan_Zinc_Q4_FY26_revenue\"><\/span><strong>What was Hindustan Zinc Q4 FY26 revenue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Hindustan Zinc Q4 FY26 revenue from operations was \u20b913,544 crore, up 49% year-on-year from \u20b99,087 crore in Q4 FY25. Full-year FY26 revenue was \u20b940,844 crore (+19.8% YoY).<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_dividend_did_Hindustan_Zinc_declare\"><\/span><strong>What dividend did Hindustan Zinc declare?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Hindustan Zinc declared the first interim dividend of FY27 at \u20b911 per equity share (face value \u20b92), amounting to \u20b94,648 crore. The record date is April 30, 2026.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_was_Hindustan_Zinc_Q4_FY26_EBITDA_margin\"><\/span><strong>What was Hindustan Zinc Q4 FY26 EBITDA margin?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Hindustan Zinc Q4 FY26 EBITDA margin was 57%, up approximately 420 basis points year-on-year. Full-year FY26 EBITDA margin was 54% \u2014 world-class for the global mining industry.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_metals_does_Hindustan_Zinc_produce\"><\/span><strong>What metals does Hindustan Zinc produce?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Hindustan Zinc is India&#8217;s only integrated zinc-lead-silver producer. It mines and refines zinc (primary product), lead (secondary product), and silver (valuable byproduct). It is the world&#8217;s second-largest integrated zinc-lead miner by production.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_were_Hindustan_Zinc_Q3_FY26_results\"><\/span><strong>What were Hindustan Zinc Q3 FY26 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Hindustan Zinc Q3 FY26 consolidated PAT was \u20b93,916 crore and revenue was \u20b910,980 crore. Hindustan Zinc Q4 showed strong sequential PAT growth of 28.5% QoQ.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_did_TCS_declare_Q4_FY26_results\"><\/span><strong>When did TCS declare Q4 FY26 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>TCS Q4 FY26 results were declared on April 9, 2026. Full analysis is available on Univest Blogs. Read the TCS Q4 analysis at <a href=\"https:\/\/univest.in\/blogs\/tcs-q4-results-2026-date-preview\">Univest Blogs<\/a>.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data is sourced from publicly available NSE\/BSE filings. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Article\"><\/span><strong>Recent Article<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/kridhan-infra-q4-results-2026\">Kridhan Infra Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/krebs-biochemicals-and-industries-q4-results-2026\">Krebs Biochemicals and Industries Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/krbl-q4-results-2026-2\">KRBL Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/kpit-technologies-q4-results-2026-2\">KPIT Technologies Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/kothari-sugars-and-chemicals-q4-results-2026\">Kothari Sugars and Chemicals Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Hindustan Zinc Q4 FY26 results are outstanding, with the world&#8217;s second-largest integrated zinc producer reporting a 67.6% year-on-year surge in consolidated net profit to \u20b95,033 crore \u2014 versus \u20b93,003 crore in Q4 FY25. On a sequential basis, Hindustan Zinc Q4 PAT rose 28.5% from \u20b93,916 crore in Q3 FY26. Hindustan Zinc Q4 results are powered<\/p>\n","protected":false},"author":23,"featured_media":77434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4027],"class_list":["post-77426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-q4-fy26-results"],"metadata":{"_edit_lock":["1777038972:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"rank_math_seo_score":["73"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"rank_math_title":["Hindustan Zinc Q4 FY26 Results: PAT \u20b95,033 Crore +68% YoY, Revenue \u20b913,544 Crore, Dividend \u20b911"],"rank_math_description":["Hindustan Zinc Q4 FY26 results declared April 24, 2026. PAT \u20b95,033 crore (+68% YoY), revenue \u20b913,544 crore (+49%). EBITDA margin 57%. FY27 first interim dividend \u20b911\/share. Full analysis on Univest."],"rank_math_focus_keyword":["Hindustan Zinc 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