Hindustan Zinc (500188) AGM 2025 summary

Opening remarks and agenda

• The 59th AGM was held by video conference; the Company Secretary confirmed quorum and introduced the Chairperson, directors, CEO, CFO, auditors and scrutinizer.

• Members could vote remotely before and during the meeting; shareholder questions followed the opening speeches, with responses scheduled after the Q&A.

Financial performance review

• FY25 mined metal production reached a record 1,095 KT and refined metal production 1,052 KT; zinc cost of production was $1,052 per ton.

• FY25 EBITDA was INR 17,465 crore, up 28%, and consolidated PAT was INR 10,353 crore, up 33% YoY; standalone PAT was INR 10,279 crore.

• ROCE was 58%, the highest since the underground transition, and ROE was 73%; value-added products reached a record 22% of sales in FY25.

• Domestic zinc market share was 77%; silver production capacity was 700–750 tons, with FY25 value-added zinc alloy plant quarterly EBITDA run rate of INR 40 crore.

Dividend announcements

• FY25 was described as delivering a substantial dividend payout; shareholders cited INR 29 per share and INR 10 per share, and raised questions about payout sustainability and borrowing to fund dividends.