| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,791 | 7,310 | 7,549 | 8,130 | 8,252 | 8,614 | 9,087 | 7,771 | 8,549 | 10,980 | 13,544 | 13,747 | |
Growth YoY Revenue Growth YoY% | -18.5 | -7.1 | -11.3 | 11.7 | 21.5 | 17.8 | 20.4 | -4.4 | 3.6 | 27.5 | 49.0 | 76.9 |
| 3,652 | 3,789 | 3,900 | 4,184 | 4,129 | 4,115 | 4,267 | 3,912 | 4,104 | 4,926 | 5,838 | 5,697 | |
| 3,139 | 3,521 | 3,649 | 3,946 | 4,123 | 4,499 | 4,820 | 3,859 | 4,445 | 6,054 | 7,706 | 8,050 | |
OPM OPM% | 46.2 | 48.2 | 48.3 | 48.5 | 50.0 | 52.2 | 53.0 | 49.7 | 52.0 | 55.1 | 56.9 | 58.6 |
| 223 | 296 | 273 | 268 | 187 | 218 | 227 | 279 | 238 | 318 | 280 | 316 | |
Interest Expense Interest ExpenseCr | 232 | 243 | 262 | 256 | 303 | 285 | 251 | 240 | 259 | 195 | 187 | 132 |
Depreciation DepreciationCr | 825 | 905 | 937 | 844 | 877 | 905 | 1,014 | 913 | 882 | 947 | 1,048 | 920 |
PBT PBTCr | 2,305 | 2,669 | 2,723 | 3,114 | 3,130 | 3,527 | 3,782 | 2,985 | 3,542 | 5,230 | 6,751 | 7,314 |
| 576 | 641 | 685 | 769 | 803 | 849 | 779 | 751 | 893 | 1,314 | 1,718 | 1,845 | |
| 1,729 | 2,028 | 2,038 | 2,345 | 2,327 | 2,678 | 3,003 | 2,234 | 2,649 | 3,916 | 5,033 | 5,469 | |
Growth YoY PAT Growth YoY% | -35.5 | -5.9 | -21.1 | 19.4 | 34.6 | 32.0 | 47.4 | -4.7 | 13.8 | 46.2 | 67.6 | 144.8 |
NPM NPM% | 25.5 | 27.7 | 27.0 | 28.8 | 28.2 | 31.1 | 33.0 | 28.8 | 31.0 | 35.7 | 37.2 | 39.8 |
| 4.1 | 4.8 | 4.8 | 5.5 | 5.5 | 6.3 | 7.1 | 5.3 | 6.3 | 9.3 | 11.9 | 12.9 |
| Quarter | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,791 | 7,310 | 7,549 | 8,130 | 8,252 | 8,614 | 9,087 | 7,771 | 8,549 | 10,980 | 13,544 | 13,747 | |
Growth YoY Revenue Growth YoY% | -18.5 | -7.1 | -11.3 | 11.7 | 21.5 | 17.8 | 20.4 | -4.4 | 3.6 | 27.5 | 49.0 | 76.9 |
| 3,652 | 3,789 | 3,900 | 4,184 | 4,129 | 4,115 | 4,267 | 3,912 | 4,104 | 4,926 | 5,838 | 5,697 | |
| 3,139 | 3,521 | 3,649 | 3,946 | 4,123 | 4,499 | 4,820 | 3,859 | 4,445 | 6,054 | 7,706 | 8,050 | |
OPM OPM% | 46.2 | 48.2 | 48.3 | 48.5 | 50.0 | 52.2 | 53.0 | 49.7 | 52.0 | 55.1 | 56.9 | 58.6 |
| 223 | 296 | 273 | 268 | 187 | 218 | 227 | 279 | 238 | 318 | 280 | 316 | |
Interest Expense Interest ExpenseCr | 232 | 243 | 262 | 256 | 303 | 285 | 251 | 240 | 259 | 195 | 187 | 132 |
Depreciation DepreciationCr | 825 | 905 | 937 | 844 | 877 | 905 | 1,014 | 913 | 882 | 947 | 1,048 | 920 |
PBT PBTCr | 2,305 | 2,669 | 2,723 | 3,114 | 3,130 | 3,527 | 3,782 | 2,985 | 3,542 | 5,230 | 6,751 | 7,314 |
| 576 | 641 | 685 | 769 | 803 | 849 | 779 | 751 | 893 | 1,314 | 1,718 | 1,845 | |
| 1,729 | 2,028 | 2,038 | 2,345 | 2,327 | 2,678 | 3,003 | 2,234 | 2,649 | 3,916 | 5,033 | 5,469 | |
Growth YoY PAT Growth YoY% | -35.5 | -5.9 | -21.1 | 19.4 | 34.6 | 32.0 | 47.4 | -4.7 | 13.8 | 46.2 | 67.6 | 144.8 |
NPM NPM% | 25.5 | 27.7 | 27.0 | 28.8 | 28.2 | 31.1 | 33.0 | 28.8 | 31.0 | 35.7 | 37.2 | 39.8 |
| 4.1 | 4.8 | 4.8 | 5.5 | 5.5 | 6.3 | 7.1 | 5.3 | 6.3 | 9.3 | 11.9 | 12.9 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 22,629 | 29,440 | 34,098 | 28,932 | 34,083 | 40,844 | 46,820 |
Growth Revenue Growth% | 30.1 | 15.8 | -15.2 | 17.8 | 19.8 | 38.8 | |
| 10,957 | 13,215 | 16,592 | 15,276 | 16,695 | 18,780 | 20,565 | |
| 11,672 | 16,225 | 17,506 | 13,656 | 17,388 | 22,064 | 26,255 | |
OPM OPM% | 51.6 | 55.1 | 51.3 | 47.2 | 51.0 | 54.0 | 56.1 |
| 1,819 | 1,082 | 1,379 | 1,074 | 900 | 1,115 | 1,152 | |
Interest Expense Interest ExpenseCr | 386 | 290 | 333 | 955 | 1,095 | 881 | 773 |
Depreciation DepreciationCr | 2,531 | 2,917 | 3,264 | 3,468 | 3,640 | 3,790 | 3,797 |
PBT PBTCr | 10,574 | 14,100 | 15,288 | 10,307 | 13,553 | 18,508 | 22,837 |
| 2,594 | 4,471 | 4,777 | 2,548 | 3,200 | 4,676 | 5,770 | |
PAT PATCr | 7,980 | 9,629 | 10,511 | 7,759 | 10,353 | 13,832 | 17,067 |
Growth PAT Growth% | 20.7 | 9.2 | -26.2 | 33.4 | 33.6 | 66.6 | |
NPM NPM% | 35.3 | 32.7 | 30.8 | 26.8 | 30.4 | 33.9 | 36.5 |
| 18.9 | 22.8 | 24.9 | 18.4 | 24.5 | 32.7 | 40.4 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
Revenue RevenueCr | 22,629 | 29,440 | 34,098 | 28,932 | 34,083 | 40,844 | 46,820 |
Growth Revenue Growth% | 30.1 | 15.8 | -15.2 | 17.8 | 19.8 | 38.8 | |
| 10,957 | 13,215 | 16,592 | 15,276 | 16,695 | 18,780 | 20,565 | |
| 11,672 | 16,225 | 17,506 | 13,656 | 17,388 | 22,064 | 26,255 | |
OPM OPM% | 51.6 | 55.1 | 51.3 | 47.2 | 51.0 | 54.0 | 56.1 |
| 1,819 | 1,082 | 1,379 | 1,074 | 900 | 1,115 | 1,152 | |
Interest Expense Interest ExpenseCr | 386 | 290 | 333 | 955 | 1,095 | 881 | 773 |
Depreciation DepreciationCr | 2,531 | 2,917 | 3,264 | 3,468 | 3,640 | 3,790 | 3,797 |
PBT PBTCr | 10,574 | 14,100 | 15,288 | 10,307 | 13,553 | 18,508 | 22,837 |
| 2,594 | 4,471 | 4,777 | 2,548 | 3,200 | 4,676 | 5,770 | |
PAT PATCr | 7,980 | 9,629 | 10,511 | 7,759 | 10,353 | 13,832 | 17,067 |
Growth PAT Growth% | 20.7 | 9.2 | -26.2 | 33.4 | 33.6 | 66.6 | |
NPM NPM% | 35.3 | 32.7 | 30.8 | 26.8 | 30.4 | 33.9 | 36.5 |
| 18.9 | 22.8 | 24.9 | 18.4 | 24.5 | 32.7 | 40.4 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 845 | 845 | 845 | 845 | 845 | 845 |
Reserves ReservesCr | 31,468 | 33,436 | 12,087 | 14,350 | 12,481 | 21,784 |
| 7,876 | 6,094 | 17,453 | 10,841 | 11,199 | 11,274 | |
| 5,538 | 4,295 | 5,082 | 7,859 | 9,965 | 8,467 | |
| 45,727 | 44,670 | 35,467 | 33,895 | 34,490 | 42,370 | |
| 24,568 | 23,982 | 14,804 | 12,625 | 11,626 | 16,600 | |
| 21,159 | 20,688 | 20,663 | 21,270 | 22,864 | 25,770 | |
| 45,727 | 44,670 | 35,467 | 33,895 | 34,490 | 42,370 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
Equity Capital Equity CapitalCr | 845 | 845 | 845 | 845 | 845 | 845 |
Reserves ReservesCr | 31,468 | 33,436 | 12,087 | 14,350 | 12,481 | 21,784 |
| 7,876 | 6,094 | 17,453 | 10,841 | 11,199 | 11,274 | |
| 5,538 | 4,295 | 5,082 | 7,859 | 9,965 | 8,467 | |
| 45,727 | 44,670 | 35,467 | 33,895 | 34,490 | 42,370 | |
| 24,568 | 23,982 | 14,804 | 12,625 | 11,626 | 16,600 | |
| 21,159 | 20,688 | 20,663 | 21,270 | 22,864 | 25,770 | |
| 45,727 | 44,670 | 35,467 | 33,895 | 34,490 | 42,370 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| 10,567 | 12,691 | 15,162 | 13,346 | 14,160 | 17,008 | |
| -2,435 | 846 | 6,529 | -3,406 | -2,706 | -8,906 | |
| -9,697 | -12,258 | 0 | -9,946 | -11,411 | -7,901 | |
Net Cash Flow Net Cash FlowCr | -1,565 | 1,279 | 0 | -6 | 43 | 201 |
Free Cash Flow Free Cash FlowCr | 8,140 | 9,723 | 11,587 | 9,531 | 10,161 | 11,746 |
CFO To PAT CFO To PAT% | 132.4 | 131.8 | 144.3 | 172.0 | 136.8 | 123.0 |
CFO To EBITDA CFO To EBITDA% | 90.5 | 78.2 | 86.6 | 97.7 | 81.4 | 77.1 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| 10,567 | 12,691 | 15,162 | 13,346 | 14,160 | 17,008 | |
| -2,435 | 846 | 6,529 | -3,406 | -2,706 | -8,906 | |
| -9,697 | -12,258 | 0 | -9,946 | -11,411 | -7,901 | |
Net Cash Flow Net Cash FlowCr | -1,565 | 1,279 | 0 | -6 | 43 | 201 |
Free Cash Flow Free Cash FlowCr | 8,140 | 9,723 | 11,587 | 9,531 | 10,161 | 11,746 |
CFO To PAT CFO To PAT% | 132.4 | 131.8 | 144.3 | 172.0 | 136.8 | 123.0 |
CFO To EBITDA CFO To EBITDA% | 90.5 | 78.2 | 86.6 | 97.7 | 81.4 | 77.1 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 1,15,267 | 1,30,858 | 1,23,971 | 1,23,485 | 1,95,210 | 2,12,196 | 2,49,505 |
Price To Earnings Price To Earnings | 14.4 | 13.6 | 11.8 | 15.9 | 18.9 | 15.3 | 14.6 |
Price To Sales Price To Sales | 5.1 | 4.4 | 3.6 | 4.3 | 5.7 | 5.2 | 5.3 |
Price To Book Price To Book | 3.6 | 3.8 | 9.6 | 8.1 | 14.7 | 9.4 | 11.0 |
EV To EBITDA EV To EBITDA | 9.7 | 7.9 | 7.7 | 9.7 | 11.8 | 10.0 | 9.8 |
GPM GPM% | 58.0 | 60.5 | 57.6 | 54.9 | 58.5 | 61.0 | 61.0 |
OPM OPM% | 51.6 | 55.1 | 51.3 | 47.2 | 51.0 | 54.0 | 56.1 |
NPM NPM% | 35.3 | 32.7 | 30.8 | 26.8 | 30.4 | 33.9 | 36.5 |
ROCE ROCE% | 27.7 | 38.8 | 63.0 | 47.1 | 60.3 | 61.8 | 61.8 |
ROE ROE% | 24.7 | 28.1 | 81.3 | 51.1 | 77.7 | 61.1 | 61.1 |
ROA ROA% | 17.4 | 21.6 | 29.6 | 22.9 | 30.0 | 32.6 | 32.6 |
| Financial Year | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Current |
|---|---|---|---|---|---|---|---|
Market Cap Market CapitalizationCr | 1,15,267 | 1,30,858 | 1,23,971 | 1,23,485 | 1,95,210 | 2,12,196 | 2,49,505 |
Price To Earnings Price To Earnings | 14.4 | 13.6 | 11.8 | 15.9 | 18.9 | 15.3 | 14.6 |
Price To Sales Price To Sales | 5.1 | 4.4 | 3.6 | 4.3 | 5.7 | 5.2 | 5.3 |
Price To Book Price To Book | 3.6 | 3.8 | 9.6 | 8.1 | 14.7 | 9.4 | 11.0 |
EV To EBITDA EV To EBITDA | 9.7 | 7.9 | 7.7 | 9.7 | 11.8 | 10.0 | 9.8 |
GPM GPM% | 58.0 | 60.5 | 57.6 | 54.9 | 58.5 | 61.0 | 61.0 |
OPM OPM% | 51.6 | 55.1 | 51.3 | 47.2 | 51.0 | 54.0 | 56.1 |
NPM NPM% | 35.3 | 32.7 | 30.8 | 26.8 | 30.4 | 33.9 | 36.5 |
ROCE ROCE% | 27.7 | 38.8 | 63.0 | 47.1 | 60.3 | 61.8 | 61.8 |
ROE ROE% | 24.7 | 28.1 | 81.3 | 51.1 | 77.7 | 61.1 | 61.1 |
ROA ROA% | 17.4 | 21.6 | 29.6 | 22.9 | 30.0 | 32.6 | 32.6 |
Documents — Hindustan Zinc Ltd
Concall Transcript Summaries — Hindustan Zinc Ltd