Hindustan Zinc announced its financial results for the second quarter and half year ended September 30, 2026. The company achieved record performance, with revenue from operations up 77% YoY to ₹15,093 crore. EBITDA surged by 108% YoY to ₹9,285 crore, and Net Profit grew by a remarkable 142% YoY to ₹6,412 crore. The company also highlighted strong free cash flow and improved cost efficiencies.
Hindustan Zinc Reports Record Financial Performance for 2QFY27
Hindustan Zinc Limited has announced an exceptional financial performance for the second quarter and half year ended September 30, 2026. The company has achieved record-breaking figures driven by strong operational volumes and favourable market conditions.
Key Financial Highlights (Quarterly & Half-Yearly)
Record Quarterly Performance
In the second quarter of FY27, Hindustan Zinc posted a significant increase in its key financial metrics. Revenue from operations stood at ₹15,093 crore, marking a substantial 77% year-over-year (YoY) increase. The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) reached ₹9,285 crore, up by an impressive 108% YoY. Net Profit followed suit with a remarkable 142% YoY growth, amounting to ₹6,412 crore.
Historic Half-Year Performance
The first half of FY27 also witnessed unprecedented growth for Hindustan Zinc. Revenue from operations for the half-year period was ₹28,840 crore, reflecting a 77% YoY increase. EBITDA for 1HFY27 reached ₹17,359 crore, a substantial 108% YoY rise. Net Profit for the half-year surged by 143% YoY to ₹11,881 crore.
Operational Efficiency and Cost Management
The company’s strong operational performance is underpinned by record production volumes and improved cost efficiencies. Mined metal production for 2QFY27 was 271 KT, a 5% YoY increase, while refined metal production was 264 KT, up 7% YoY. Silver production also saw a significant jump of 20% YoY to 173 MT. Furthermore, Zinc Cost of Production (COP) excluding royalty improved by 29% YoY to $703/MT for the quarter. For the half-year, Zinc COP was $776/MT, better by 23% YoY.
Strong Free Cash Flow and Shareholder Value
Hindustan Zinc achieved a strong free cash flow of ₹6,389 crore from operations during the quarter. The company also highlighted its commitment to shareholder returns, with total shareholder returns in 1HFY27 standing at 15%, outperforming market benchmarks.
Market Position and Future Outlook
The presentation also underscored Hindustan Zinc’s unique positioning in the metals and mining sector, emphasizing its status as the world’s largest integrated zinc producer and its strong market share in India. The company is poised to capitalize on India’s growth trajectory, with robust demand outlook supported by infrastructure development and global manufacturing trends.
The company also provided an update on its market position, noting that silver contributed approximately 45% to overall profitability. The outlook for both zinc and silver markets appears strong, driven by continued supply constraints and rising industrial demand.
Projects and Sustainability Initiatives
Hindustan Zinc is actively progressing on its growth projects, including the 250 KTPA Integrated Refined Zinc Capacity Expansion at Debari, targeting completion in 2QFY29, and India’s First Zinc Tailings Reprocessing Plant, with a target completion in 4QFY28. The company also reiterated its commitment to sustainability, with 27% RE power contributing to its overall power consumption and ongoing efforts towards net-zero emissions.
Source: BSE
