Hindustan Zinc Posts Record Q3 Refined Output as Silver Rebounds Quarter on Quarter
Analysts expect elevated silver prices to lift the company’s revenue mix over the next two years.
Overview
- Mined metal production rose 4% year on year to 276,000 tonnes in the December quarter, driven by higher ore output.
- Refined metal reached a record third‑quarter level of 270,000 tonnes, up 4% year on year and 9% sequentially on debottlenecking and a Debari roaster ramp‑up.
- Saleable silver totaled 158 tonnes, down 1% from a year earlier but up 10% from the prior quarter.
- Refined zinc output was 221,000 tonnes and refined lead was 49,000 tonnes, with wind power generation up 5% to 50 million units.
- Shares closed 2.75% higher at Rs 628.6, as brokerage B&K projected silver prices above $50/oz in FY2026 and a rise in silver’s revenue contribution toward FY2027.