Hindustan Zinc Delivers Record Production in Q4 & FY26

Key Highlights • Mined Metal: 315 kt (Q4, record) | 1,114 kt (FY26, record) • Refined Metal: 282 kt (Q4) (↑5% YoY, record) • Zinc Production: ↑6% YoY (Q4) | ↑3% YoY (FY) • Lead Production: ↓13% YoY (FY) due to operational issues • Silver Output: ↓9% YoY (FY) • Wind Power Generation: ↑7% YoY (FY) What Stands Out • Strong performance driven by record mined and refined metal output • Operational improvements like debottlenecking and capacity enhancements supporting growth • Some pressure seen in lead and silver production Why It Matters Higher production volumes support revenue growth, especially in zinc, the company’s core segment. Efficiency improvements indicate better long-term operational performance. Learning Outcome For metal companies, production volumes and operational efficiency are key drivers of performance. Investors should track both output trends and commodity prices.