Hindustan Zinc on October 17 reported a net profit of Rs 2,649 crore for the second quarter of the financial year 2026. This marks a rise of nearly 14 percent year-on-year from the Rs 2,327 crore net profit reported in the corresponding quarter of the previous financial year.
The Vedanta Group-firm's revenue from operations meanwhile rose around 4 percent YoY to Rs 8,549 crore in Q2 FY26. It had earlier reported revenue from operations at Rs 8,252 crore in Q2 FY25. Its net profit margin improved to 31 percent in the quarter under review, from 29 percent in the same period last year.
Hindustan Zinc's expenses fell over 1 percent on-year to Rs 5,245 crore during the September quarter. Operating margin improved to 42 percent during the period, up from 40 percent in the same period last year.
Best-ever Q2 EBITDA:
The company said that it recorded its best-ever second quarter mined metal production of 258 Kt, marking a rise of 1 percent from Q2 FY25. It also reported its best-ever Q2 EBITDA of Rs 4,467 crore, up 16 percent QoQ and 7 percent YoY. EBITDA margin stood at 52 percent during the quarter.
Silver's record rally pushes profits up:
Notably, silver drove 40 percent of Hindustan Zinc's profits in Q2. This comes amid massive rally seen in silver prices.
Hindustan Zinc is the largest producer of silver in India.
What the management said:
"I am delighted to share that we have delivered the best-ever second quarter mined metal production with a 5-year lowest zinc cost of production of $994 per tonne, reflecting the continuous operational excellence, technology intervention and dedication of our people. Our inclusion into the International Council on Mining and Metals (ICMM) as the first ever from India reiterates our deep commitment to responsible and sustainable mining," said Hindustan Zinc CEO Arun Misra.
"As we embark on our next phase of 2x growth expansion, recovering value from every resource, reusing materials through circular processes and growing portfolio of energy transition metals, we are driving India’s journey towards clean energy independence," he added.
Hindustan Zinc share price:
After the release of the results, the shares of the company dropped more than 1 percent to trade at Rs 500.50 apiece, as seen at 2.50 pm. The stock has gained nearly 9 percent in the past one month, amid a sharp rally in silver prices.
The stock, which currently has a P/E ratio of nearly 21, is up nearly 13 percent in 2025 so far.
Also read: Our LIVE blog on Q2 updates
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