Record date for the said dividend has been fixed as June 17, 2025.
As per the March quarter shareholding pattern, Hindustan Zinc’s promoter Vedanta had a 63.42% stake in the company. Vedanta will get ₹2,679 crore as dividend from Hindustan Zinc on the back of its 63.42% stake.
The last instance of Hindustan Zinc paying dividend to its shareholders dates back to August 2024, when it had announced an interim dividend of ₹19 per share.
Hindustan Zinc reported its March quarter results on April 25, which were higher on a year-on-year basis, as well as when compared to estimates from a CNBC-TV18 poll.
The company reported revenue of ₹9,087 crore, which was higher than the CNBC-TV18 poll of ₹8,853 crore. On a year-on-year basis, the numbers were up 20%.
Net profit for the company grew by 47% from the same quarter last year to ₹3,003 crore, which is well above the CNBC-TV18 poll of ₹2,615 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) at the end of the March quarter stood at ₹4,820 crore for Hindustan Zinc, a growth of 32% from the year-ago quarter. A CNBC-TV18 poll had projected the figure to be ₹4,503 crore.
EBITDA margin for the quarter expanded by nearly 500 basis points to 53% from 48.3% last year. A CNBC-TV18 poll had projected a figure of 50.9%.
As per the stake that Vedanta held in Hindustan Zinc at the end of the March quarter, it had received a total payout of ₹5,091 crore from Hindustan Zinc last year.
Hindustan Zinc is not a stock that carries a large free float in the market. Apart from Vedanta’s 63.42% stake, another 27.92% stake is held by the Government of India.
As much as 7 lakh retail shareholders, or those with authorised share capital of up to ₹2 lakh, had a 2.48% stake in Hindustan Zinc at the end of the March quarter.
Shares of Hindustan Zinc settled 1.63% higher on Tuesday at ₹533.70. The stock has risen 23% in the last one month.
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