• Production performance: Mined metal output reached a record 1.1 million tons, with zinc production rising to 851 KT compared to 827 KT previously. Silver production reached 666 tons, including 37 tons equivalent from 11 KT of lead concentrate sales.
• Price and cost guidance: Zinc prices are expected around $3,100 to $3,300 per ton, while silver is projected to stay range-bound at $65 to $75. Management aims to keep production costs between $975 and $1,000, expecting silver to generate 45% to 50% of overall EBITDA.
• Dividend payout: A dividend of ₹11 per share has been declared, representing a total payout of around ₹4,300 to ₹4,400 crore, supported by strong cash positions.
• Demerger and hedging: Holding company Vedanta's demerger is slated for completion in 2 to 3 months, after which Hindustan Zinc's demerger proposal may be revisited. Additionally, the company is not taking any fresh hedging calls for the upcoming year's production.
• Global demand outlook: Management sees strong demand fundamentals, driven by domestic infrastructure spending in India alongside healthy growth across Southeast Asia and the Middle East.