Hindustan Zinc Declares Rs 10 Interim Dividend For FY26; Fixes Record Date
Last Updated:
Hindustan Zinc Dividend: Hindustan Zinc Ltd reported a 47.3% rise in consolidated net profit at Rs 3,003 crore for the quarter ended March 2025, driven by higher income.
Hindustan Zinc Dividend FY26
Hindustan Zinc Interim Dividend: Hindustan Zinc Limited, part of Vedanta Group, on Wednesday informed that the board approved the first interim dividend of Rs 10 per equity share (500 per cent) on the face value of Rs 2 per equity share for the financial year 2024-25. The record date for payment of first interim dividend is already fixed as Tuesday, June 17, 2025.
Hindustan Zinc Limited's shares were trading in the red at Rs 531.95 apiece with a fall of 0.33 per cent at the time of writing. The scrip opened at Rs 539.70 apiece, against the previous day close at Rs 533.70 apiece.
Hindustan Zinc Limited has a market cap of Rs 2.23 lakh crore and is part of BSE 200.
'…we wish to inform you that the Board of Directors of the Company through a resolution passed by circulation on Wednesday, June 11, 2025, at 12:56 pm, have approved the first Interim Dividend of Rs. 10 per equity share i.e. 500% on face value of Rs. 2/- per equity share for the Financial Year 2025-26," the company said in the filing on June 11.
Hindustan Zinc Dividend History
Hindustan Zinc announced two interim dividends in the last fiscal year, with ex-dates on May 15, 2024 (Rs 10.00) and August 28, 2024 (Rs 19.00), following earlier payouts of Rs 6.00 on December 14, 2023 and Rs 7.00 on July 14, 2023.
Hindustan Zinc Ltd reported a 47.3% rise in consolidated net profit at Rs 3,003 crore for the quarter ended March 2025, driven by higher income. The company had posted a net profit of Rs 2,038 crore in the same quarter last year. Its income for the January–March period rose to Rs 9,314 crore, up from Rs 7,822 crore a year ago, the company said in a BSE filing. In a statement, Hindustan Zinc said this was its 'best-ever fourth quarter profit after tax" at Rs 3,003 crore, marking a 47% year-on-year growth. CEO Arun Misra said, 'As the world's largest integrated zinc producer, we aim to meet rising domestic demand while maintaining our position as one of the lowest-cost and most resilient producers globally."
First Published:
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
25 minutes ago
- Indian Express
SIS, GIPE trades charges again as they fight over funds, bank account
The strained relations between the Servants of India Society (SIS) and its institute Gokhale Institute of Politics and Economics (GIPE) is once again out in the open with both the bodies trading charges of wrongdoing against each other. While addressing the media in Pune on Thursday, Vishal Gaikwad, officiating deputy registrar of GIPE accused the SIS of freezing the bank accounts of the institute. On his part Damodar Sahoo, chairman of SIS, claimed that GPIE had unilaterally converted the jointly held bank account of the institute to a single-operated one which had prompted SIS to write the bank. Gaikwad said, as per University Grants Commission (UGC) norms, the sponsoring society does not have rights over the bank accounts of the institute. 'We learnt from the banks that our accounts were frozen. We managed to get them unfrozen but this is a gross violation of rules,' he claimed. Gaikwad said they have written to the Deccan Police to include the name of Sahoo in the ongoing case of allegedly fraudulently transferring Rs 1.42 crores from GIPE for the use of SIS. 'We have also written to the charity commissioner asking for the present board of SIS to be dismissed and appointment of a neural observer in its place,' he said. Relations between SIS and GIPE have soured since the last year with both the bodies trading charges against each other. GIPEs chancellor Sanjeev Sanyal had made serious allegations against Sahoo and others of misappropriating funds. Sanyal was swiftly removed from his position by Sahoo but was reinstated. Milind Deshmukh, the secretary of the SIS was arrested by the Deccan Police for his role in the multi-crore corruption scandal that had rocked the institute. Deshmukh was later removed from his position and is out on bail now. Sahoo on his part claimed that GIPE had unilaterally deviated from the convention of jointly operated accounts which had prompted the SIS to write to the bank. 'The GPIE had not intimated of the conversion of the account to single operated,' he said. Asked about the formation of an advisory committee which Gaikwad had termed as illegal, Sahoo said the committee was for better coordination between both the bodies.
Hans India
27 minutes ago
- Hans India
Air India plane crash: Tata Group announces Rs 1 crore support for families of victims
New Delhi: Tata Group Chairman N. Chandrasekaran on Thursday announced that the company will provide Rs 1 crore to the families of each person who lost their life in the tragic crash of Air India Flight 171 in Ahmedabad. He also said that the Tata Group will cover the medical expenses of those who were injured and ensure they receive full care and support. In a statement, Chandrasekaran said: "No words can adequately express the grief we feel at this moment. Our thoughts and prayers are with the families who have lost their loved ones, and with those who have been injured." He added that the Tata Group would also help build a new hostel at B.J. Medical College as part of its support efforts. 'We remain steadfast in standing with the affected families and communities during this unimaginable time,' he mentioned. Expressing his grief, Tata Trusts Chairman Noel Tata said the tragedy has brought "immense grief to countless families". "This heart-wrenching incident has brought immense grief to countless families, and our thoughts are with all those who have lost their loved ones today," he said. "We extend our heartfelt condolences to the bereaved families and stand in solidarity with them during this unimaginable time." The crash involved Air India Flight 171, which was flying from Ahmedabad to London. According to the Directorate General of Civil Aviation (DGCA), the plane had 242 people onboard, including ten cabin crew members. The DGCA reported that the aircraft took off from Runway 23 at 1.39 p.m. Shortly after, it sent out a MAYDAY distress signal to the Air Traffic Control (ATC), but no further communication was received after that. The aircraft crashed just outside the airport boundary and was seen emitting thick black smoke. The flight was being commanded by Captain Sumeet Sabharwal, with First Officer Clive Kundar as the co-pilot.
Economic Times
31 minutes ago
- Economic Times
Jubilant Group promoters to offload stakes in listed companies via block deals: Report
Jubilant Group stake sale: Jubilant Group promoters to divest small stakes in key listed firms as part of a broader strategy following their major Coca-Cola bottling acquisition. Jubilant Group stake sale: The Bhartia family plans to offload stakes in Jubilant FoodWorks, Pharmova, and Ingrevia via block deals. The move supports strategic capital realignment after acquiring a stake in Hindustan Coca-Cola Holdings. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Bhartia family — promoters of the Jubilant Group — is planning to sell small stakes in its listed companies through block deals, according to a report from CNBC Awaaz. As per the report, the family is set to offload 1.32 crore shares of Jubilant FoodWorks , 56 lakh shares of Jubilant Pharmova , and 1.2 crore shares of Jubilant Ingrevia The move is aimed at raising Rs 2,000 crore to part-fund the acquisition of a 40% stake in Hindustan Coca-Cola Beverages (HCCB), according to people familiar with the Jubilant FoodWorks, which operates popular QSR brands like Domino's Pizza and Dunkin' Donuts in India, the promoters will reportedly sell a 2% stake at a floor price of Rs 641 per share, with Morgan Stanley acting as the Jubilant Ingrevia, a specialty chemicals and nutrition products company demerged from the group in 2021, the Bhartia family is expected to offload a 7.53% stake at a floor price of Rs 627.45, which reflects an 8% discount to the prevailing market in Jubilant Pharmova, the group's pharmaceutical arm with operations spanning APIs, radiopharma, and contract research, 3.5% stake is likely to be sold at a floor price of Rs 1,013 per share, translating to a 9.9% discount to the current market stake sales come at a time when the group is preparing for a strategic realignment of capital following its recent major December 2023, the Jubilant Bhartia Group had announced a Rs 12,500 crore acquisition of a 40% stake in Hindustan Coca-Cola Holdings (HCCH) through its subsidiary Jubilant Beverages is the parent company of Hindustan Coca-Cola Beverages (HCCB), India's largest bottler of Coca-Cola products. The acquisition marked one of the group's largest diversification moves outside of its core businesses.
