Hindustan Zinc posts net profit of 2,234cr in Q1
The company had posted a net profit of Rs 2,345 crore in the year-ago period, HZL said in a filing to BSE.
Revenue during the first quarter of FY26 dropped to Rs 7,591 crore from Rs 7,893 crore in the year-ago period.
In a statement, HZL said the decline in revenue was due to reduced volumes and decreased prices for zinc and lead commodities, although this was somewhat compensated by increased silver prices, a stronger dollar, and better by-product realisations.
Total expenses during April-June FY26 dropped to Rs 5,065 crore over Rs 5,284 crore in the year-ago period, the filing said.
"In line with the rising zinc demand projected by 2030, the board has approved the Phase-1 expansion project towards 2x growth, further strengthening our growth pipeline. "Coupled with the addition of blocks of critical minerals and rare earth elements, we are strategically poised to transform into a true multi-metal powerhouse, unlocking sustained value for all our stakeholders," HZL Chief Executive Officer Arun Misra said.
On the project updates, the company said 160 kilo tonne per annum (KTPA) roaster at Debari, Rajasthan will be commissioned in the second quarter of the current financial year.
The 510 KTPA fertiliser plant is under progress and is likely to be completed by first quarter of FY27.The implementation of hot acid leaching technology for recovery of lead and silver from smelting waste at Dariba is likely to be completed by the fourth quarter of the current financial year.
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