Hindustan Zinc beats consensus, backed by all-time high silver prices and first quarter lowest cost of production

UDAIPUR,India,July 21, 2025/PRNewswire/ --India-based Hindustan Zinc Limited, a Vedanta Group company and the world's largest integrated zinc producer, announced its financial results for the first quarter ended 30^thJune 2025on 18^thJuly 2025. The company registered its highest ever first quartermined metal production of 265 KT.Also, the company clockedrecord quarterly alloy production from subsidiary Hindustan Zinc Alloys (HZAPL), taking overall share of value-added products to c.24%. The company registered the lowest ever first quarter zinccost of production (COP)^{^}atUS$ 1,010/MT, better 9% YoY. The company delivered aprofit, beating estimates toUS$ 261 millionwith an industry leadingEBITDA margin of c.50%. Hindustan Zinc, amongst the top five silver producers globally, has witnessedcontinued significant contribution from the silver segment to profitability atc.41%.

During the quarter, the companysecured two critical mineral blocks, Potash in Rajasthan and Rare Earth Elements (REEs) in Uttar Pradesh.In the same period, the company'srenewable energy consumption increased to c. 19%, on track to progressively achieve 70% by FY28. Along with that, Hindustan Zinc's Board approved the first phase of plans towards doubling production capacity with an investment ofUS$ 1.4 billionto set up a new 250 KTPA integrated smelting complex alongside similar expansion of mines& mills capacities. Historically, Hindustan Zinc has maintainedinvestment grade rating'AAA'and recentlyreceived ratings reaffirmation at CRISIL AAA/Stable/CRISIL A1+.

Arun Misra, Chief Executive Officer,said:"Delivering our highest-ever first quarter mined metal production at the lowest-ever zinc cost of production reflects our relentless focus on operational efficiencies and cost leadership. We have further strengthened our growth pipeline with Board approved Phase-1 of plans towards doubling the production capacity. Coupled with the addition of critical minerals blocks and rare earth elements, we are poised to transform into a multi-metal powerhouse, unlocking sustained value for our stakeholders."

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About Hindustan Zinc Limited

Hindustan Zinc Limited, a Vedanta Group company, is the world's largest integrated zinc producer and recognized as the world's most sustainable metals& mining company by the S&P Global CSA 2024.

Disclaimer

This release contains forward-looking statements that may differ from actual results. We undertake no obligation to update them.

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SOURCE Hindustan Zinc