Hindustan Zinc, India’s leading producer of refined zinc, is anticipating robust revenue and profit growth in 2025, driven by increased production volumes and favorable metal prices. The company, majority-owned by Vedanta, reported third-quarter profits that surpassed analysts’ expectations. CEO Arun Misra highlighted that, following maintenance activities in the initial three quarters, the company is poised for a highly productive fourth quarter. Ongoing projects aimed at enhancing smelting efficiency and productivity are expected to further bolster growth in the upcoming fiscal year.
In the first nine months of FY25, Hindustan Zinc’s mined metal production increased by 1% year-over-year to 784,000 tonnes, supported by improved metal grades and mill recovery. Refined metal production also reached a record 783,000 tonnes, marking a 3% rise from the previous year, attributed to better plant availability and operational parameters.
Market analysts have responded positively to these developments. Domestic brokerages, including Yes Securities and JM Financial, have issued bullish outlooks for Hindustan Zinc, citing strong operational performance, cost reductions, and strategic expansion plans. Price targets range from ₹451 to ₹585 per share, suggesting potential upsides of up to 35%.
Looking ahead, Hindustan Zinc plans to focus on critical minerals within India and is open to acquiring assets in Southeast Asia and neighboring regions. The company also intends to resume discussions with the Indian government about restructuring into two separate units, a proposal that was previously under consideration.
