Hindustan Zinc Limited · NSE:HINDZINC
Hindustan Zinc — Q1 FY27 Earnings Presentation
40 slides from Hindustan Zinc's earnings presentation, Jul 24, 2026
Slide 1: Stock exchange cover letter: Investor Presentation disclosure
HZL/2026-27/SECY/64 July 24, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor Plot No., C/l, G Block Dalal Street, Fort Bandra-Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Kind Attn: General Manager – Department Kind Att
Slide 2: Hindustan Zinc Limited Earnings Presentation Q1FY27
Hindustan Zinc Limited World’s Largest Integrated Zinc Producer Earnings Presentation Q1FY27
Slide 3: Cautionary Statement and Disclaimer
Cautionary Statement and Disclaimer The views expressed here may contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness, reasonableness, or reliability of this information. Any forw
Slide 4: Index of Contents
Index of Contents Key Highlights and Unique Positioning 04 Sustainability Update 09 Market Update and Operational Review 14 Project Update 20 Financial Review 25 Appendix 29 3 HINDUSTAN ZINC LIMITED – 1Q FY27 INVESTOR PRESENTATION Sensitivity: Internal (C3)
Slide 5: Strong 1QFY27 Performance Builds Momentum for the Year Ahead
Strong 1QFY27 Performance Builds Momentum for the Year Ahead Operational & Strategic Financial 268 KT 1 Highest-ever first-quarter mined metal production Best-ever Revenue from 6 operations 260 KT ₹ 13,747 crore, up 77% YoY 2 Refined metal production, up 4% YoY Highest-ever EBITDA 7 149 MT ₹ 8,074 c
Slide 6: Unique Positioning in Metals & Mining and Energy Transition Space Globally
Unique Positioning in Metals & Mining and Energy Transition Space Globally World’s Largest Integrated Zinc Producer World’s 2nd Largest Zinc & Lead Metal Reserves & Resources with 25+ years of mine life Hindustan Zinc Ranked 1st in Metals & Mining sector in S&P Peer 2 Global CSA 2025 for the 3rd con
Slide 7: Our Unique Leadership Positioning In India
Our Unique Leadership Positioning In India Well-Positioned to Capitalize on the Country’s Strong Growth Trajectory India’s only c.74% domestic Consistently India’s only India’s only integrated primary zinc integrated primary Zinc rated AAA by market share with producer of Zinc Alloy and listed Silve
Slide 8: Invested in Metals Of Future | Enabling the Energy Transition needs
Invested in Metals Of Future | Enabling the Energy Transition needs Accelerating clean energy adoption is set to drive unprecedented demand for critical minerals Zinc: building a greener future Silver: A Critical Metal for the Net-Zero Economy Silver serves as both an industrial metal and a Zinc pla
Slide 9: Building A Multi-metal Ecosystem Under India's Critical Mineral Mission
Building A Multi-metal Ecosystem Under India’s Critical Mineral Mission Poised to lead India's critical minerals ecosystem through diversification, systematic exploration, and sustainable resource development Block Total Existing Exploration Mining Block Name Location Mineral Uses Status update Size
Slide 10: Sustainability Update
SUSTAINABILITY UPDATE Mr. Arun Misra CEO Sensitivity: Internal (C3)
Slide 11: Key ESG Highlights During The Quarter
Key ESG Highlights During The Quarter Social Performance Health & Safety Decarbonisation Environment Included in the Dow Conducted a Launched CEO- Deployed India’s Following Jones Best-in-Class leadership workshop level personal first 250 MT Chanderiya, (DJBIC) Index on ‘Achieving Social safety acti
Slide 12: Sustainability Goals 2030 | ESG Action in Next 5 Years
Sustainability Goals 2030 | ESG Action in Next 5 Years Climate Change & Circular Economy & Water Biodiversity Decarbonization Material Stewardship Stewardship Conservation 2030 Targets 2030 Targets 2030 Targets 2030 Targets ▪ Reduction of emissions: ▪ Achieve near to Zero waste ▪ 50% reduction in fr
Slide 13: Sustainability Goals 2030 | ESG Action in Next 5 Years
Sustainability Goals 2030 | ESG Action in Next 5 Years Ensuring Diversity & Responsible Social Zero Harm Inclusion Sourcing Performance 2030 Targets 2030 Targets 2030 Targets 2030 Targets ▪ Zero Fatality and 100% ▪ Increase gender diversity to ▪ 100% active supplier evaluation ▪ Management plans bas
Slide 14: Empowering Communities, Changing Lives
Empowering Communities, Changing Lives c.2.6 million 4,149 38 districts 7 Lives Benefitted Villages Covered Across 3 States Verticals Education Health, Water & Sanitation 6 Initiatives 3 Initiatives 1,44,300+ Beneficiaries 1,31,800+ Beneficiaries Sustainable Livelihood Sports & Culture 3 Initiatives
Slide 15: Market Update and Operational Review
MARKET UPDATE AND OPERATIONAL REVIEW Mr. Arun Misra CEO Sensitivity: Internal (C3)
Slide 16: Well Placed to Harness India's Growth Momentum
Well Placed to Harness India’s Growth Momentum ▪ Domestic zinc demand strengthens as domestic steel production India’s GDP Growth capacity expands to 300 MTPA by 2030 9.70% ▪ India’s economic outlook remains strong, supported by upbeat 7.60% 7.20% 7.10% 7.80% 6.4% - 6.6% consumer sentiment & robust
Slide 17: Global Market Update - Base Metal | Zinc & Lead
Global Market Update - Base Metal | Zinc & Lead In a volatile global economic scenario, zinc prices Zinc & Lead prices are forecasted to stay resilient peaked at $3,625/MT while lead prices remained despite some surplus broadly stable during the quarter Zinc and Lead Prices Zinc Price Outlook 3,379
Slide 18: Record Operational Performance | Amongst Lowest Cost Producers Globally
Record Operational Performance | Amongst Lowest Cost Producers Globally Mined Metal Production (KT) Refined Metal Production (KT) Lowest Zinc COP ($/MT)* Up by 1% Up by 4% 315 1,010 268 282 260 265 250 903 851 1QFY26 4QFY26 1QFY27 1QFY26 4QFY26 1QFY27 1QFY26 4QFY26 1QFY27 1QFY27 performance: 1QFY27
Slide 19: Global Market Update - Precious Metal | Silver
Global Market Update - Precious Metal | Silver Silver prices remained volatile during the quarter, Global energy transition, increased Industrial use mainly supported by continued safe-haven demand, market in solar panels, electric vehicles, electronics etc and deficit, and improved industrial use a
Slide 20: India's Only Primary Silver Producer | Uniquely Positioned to Ride the Silver Wave
India’s Only Primary Silver Producer | Uniquely Positioned to Ride the Silver Wave As silver shines globally, Hindustan Zinc is uniquely positioned to capture the upcycle Significant value unlock potential exists, as the current rally’s impact is yet to be fully reflected Silver Production (MT) Grew
Slide 21: Project Update
PROJECT UPDATE Mr. Arun Misra CEO Sensitivity: Internal (C3)
Slide 22: Moving Towards 2x Growth | Doubling Capacity | Long Term Value Creation
Moving Towards 2x Growth | Doubling Capacity | Long Term Value Creation Silver Capacity (TPA) 800 830 1,500 2,000 At Conceptualization Stage Refined Metal +200 Capacity by +400 FY30 +250 Lead 1,144 Zinc Smelter* Zinc 1,590 KTPA Current Refined Smelter* +6 Zinc Integrated Metal Capacity Smelter Lead
Slide 23: Moving Towards 2x Growth: Status Update
Moving Towards 2x Growth: Status Update 1 2 250 KTPA Integrated Refined Metal India’s First Zinc Tailings Capacity Expansion Reprocessing Plant ▪ Refined metal capacity expansion: Transforming waste into valuable resources 1,129 KTPA to 1,379 KTPA at Debari while contributing significantly to circul
Slide 24: Progress We Made in Other Projects
Progress We Made in Other Projects Hot Acid Leaching 510 KTPA Fertilizer Technology Plant ▪ Implementing an innovative ▪ Fertilizer Plant at technology for recovery of Chanderiya aims to support silver and lead from the farmers’ needs through smelting waste – jarosite at DAP fertilizers currently Da
Slide 25: Building A Resilient, Future Ready Multi-Metal Enterprise
Building A Resilient, Future Ready Multi-Metal Enterprise Maintaining a Expansion of Strengthening Building a Progressing Portfolio of Capacities Cost Leadership Diversified towards a Mines with Long Product Portfolio Sustainable Life Future Achieve UG mining Maintain cost below Scale capacities for
Slide 26: Financial Review
FINANCIAL REVIEW Mr. Amit Gupta CFO Sensitivity: Internal (C3)
Slide 27: 1QFY27 Financial Performance
1QFY27 Financial Performance Best-ever Highest-ever Record Revenue from EBITDA Net Profit Operations ₹ 13,747 crore ₹ 8,074 crore ₹ 5,469 crore Up 77% YoY Up 109% YoY Up 145% YoY Up 1% QoQ Up 4% QoQ Up 9% QoQ Healthy Gross Industry Leading Earning Investments & EBITDA Margin per share Cash 59% Up c.
Slide 28: Disciplined Capital Allocation Driving Sustainable Growth
Disciplined Capital Allocation Driving Sustainable Growth Clear Dividend Policy Maintaining Industry Investment in Growth Leading Balance sheet Projects with >18% IRR ▪ Minimum 30% of the profit after ▪ Capital expenditure to sustain ▪ Investing in capacity expansion tax for the year or 5% of the an
Slide 29: World Class Assets Driving Growth and Long-Term Value for all Stakeholders
World Class Assets Driving Growth and Long-Term Value for all Stakeholders Irreplaceable Ideally positioned Invested in high asset base with to capitalize on IRR growth 25+ yrs mine life India’s growth projects Large-scale Domestic zinc Strategic operations with demand investments in tier-1 assets a
Slide 30: Appendix
APPENDIX Sensitivity: Internal (C3)
Slide 31: EBITDA Bridge YoY (1QFY27 vs 1QFY26)
EBITDA Bridge YoY (1QFY27 vs 1QFY26) (All figures in ₹ Cr unless stated otherwise) 288 62 58 8,074 980 7,666 2,826 3,860 Market & regulatory 1Q FY26 Prices Fx Adj. EBITDA Volume Cost Marketing 1Q FY27 & others Note: All figures are at consolidated level 30 HINDUSTAN ZINC LIMITED – 1Q FY27 INVESTOR P
Slide 32: Consolidated Performance Summary (1/2)
Consolidated Performance Summary (1/2) Quarter Production (in ’000 tonnes, or as stated) 1QFY27 1QFY26 % YoY 4QFY26 % QoQ Mined metal content 268 265 1% 315 (15%) Refined metal 260 250 4% 282 (8%) Refined Zinc1 213 202 6% 227 (6%) Refined Lead 47 48 (2%) 55 (14%) Refined Saleable Silver (in tonnes)
Slide 33: Consolidated Performance Summary (2/2)
Consolidated Performance Summary (2/2) Quarter Financials (₹ crore, except as stated) 1QFY27 1QFY26 % YoY 4QFY26 % QoQ Revenue from operations 13,747 7,771 77% 13,544 1% Zinc 7,304 4,935 48% 6,997 4% Lead 1,086 872 25% 1,153 (6%) Silver 3,839 1,427 169% 4,032 (5%) Others 1,518 537 183% 1,362 11% EBI
Slide 34: Commodity, Currency and COP Sensitivities
Commodity, Currency and COP Sensitivities Impact of change in Commodity Prices on annual EBITDA Commodity Change Impact on EBITDA (₹ crore) Zinc $100/MT 725-750 Lead $100/MT 150-175 Silver $1/toz 200-225 Impact of exchange rate change on annual EBITDA Currency Change Impact on EBITDA (₹ crore) INR/U
Slide 35: ESG Performance Score Card
ESG Performance Score Card Climate GHG intensity (Scope 1 + 2)/MT Climate Zero Harm TRIFR Fatalities 2.6 2.2 Change Change 1.9 1.8 1.2 1.6 1.2 4 7 4 5.2 5.0 0 2 0 4.7 4.6 4.6 4.7 4.4 FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 FY23 FY22 FY24 FY25 FY26 Q1FY27 FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 Water Water
Slide 36: Awards and Recognition | 1QFY27
Awards and Recognition | 1QFY27 Featured among GreenCo Silver Rating under the CII • Top 1% in S&P Global 01 GreenCo Rating System for: • Sustainability Yearbook 2025 TIME’s World’s Most Sustainable 02 • Rajpura Dariba Mine Companies 2026 • Kayad Mine Recognised for supply chain practices • Best Sus
Slide 37: Strong Corporate Governance - Leading Reporting Practices
Strong Corporate Governance - Leading Reporting Practices Integrated Digital Tax Climate Sustainability Taskforce On Annual Integrated Transparency Action Report Nature-related Report Annual Report Report Financial Disclosures (TNFD) Report Report 36 HINDUSTAN ZINC LIMITED – 1Q FY27 INVESTOR PRESENT
Slide 38: Group Structure of Hindustan Zinc Limited
Group Structure of Hindustan Zinc Limited Vedanta Limited Government of India Public 60.71% 27.92% 11.37% Hindustan Zinc Limited Wholly-owned Subsidiaries Vedanta Zinc Hindmetal Hindustan Zinc Hindustan Zinc Football and Zinc India Exploration Alloys Private Fertilizers Sports Foundation Services Li
Slide 39: Earnings Call Dial-In Details
Earnings Call Dial-In Details Earnings Call on Friday, July 24, 2026, at 16:00 hours (IST) The Company will hold an earnings conference call on Friday, July 24, 2026, at 16:00 hours IST, where senior management will discuss the Company’s results and performance. Conference Dial-In Information: For f
Slide 40: Thank You
THANKYOU Sensitivity: Internal (C3)