Record Q2 net profit of ₹ 6,412 crore, up 142% YoY; highest-ever quarterly EBITDA of ₹ 9,285 crore
Hindustan Zinc Q2FY27: record net profit ₹ 6,412 crore (up 142% YoY), highest-ever EBITDA ₹ 9,285 crore (up 108%), revenue ₹ 15,093 crore (up 77%), EBITDA margin 62%.
By ScoutQuest · · 2 min read
- Q2 Net Profit
- ₹ 6,412 crore (up 142% YoY)
- Q2 EBITDA
- ₹ 9,285 crore (up 108%)
- Q2 Revenue
- ₹ 15,093 crore (up 77%)
Results snapshot
Hindustan Zinc reported its highest-ever quarterly financial performance for the second quarter and half year ended September 30, 2026. Net profit for the quarter was ₹ 6,412 crore, up 142% year on year, and EBITDA was ₹ 9,285 crore, up 108%.
What drove the numbers
- Revenue from operations of ₹ 15,093 crore, up 77% year on year, helped by higher metal prices, higher metal production, better by-product realisation and a stronger dollar.
- EBITDA margin of 62%, up around 900 bps year on year.
- Zinc cost of production excluding royalty of $ 703 per tonne, better (lower) by 29% year on year, helped by better mined grades, higher renewable power use and higher by-product realisations.
- Earnings per share of 15.2 for the quarter, against 6.3 a year earlier.
Production and by-products
- Record second quarter mined metal production of 271 KT, up 5% year on year.
- Best-ever second quarter refined metal production of 264 KT, up 7% year on year.
- Silver production of 173 tonnes, up 20% year on year, which the company says contributed significantly to profitability.
Half year picture
- Revenue from operations ₹ 28,840 crore, up 77% year on year.
- EBITDA ₹ 17,359 crore, up 108%, with a margin of 60%.
- Net profit ₹ 11,881 crore, up 143% year on year.
- Mined metal production of 539 KT, up 3%; refined metal production of 524 KT, up 6%.
Balance sheet and returns
- Gross investments and cash of ₹ 17,439 crore as on September 30, 2026; total borrowings of ₹ 6,171 crore.
- Credit rating of AAA from CRISIL.
- Total shareholder returns of 15% for 1HFY27, which the company compares with around 12x of Nifty 50 and 4x of Nifty 100 returns.
Other points flagged
- Contribution to the national exchequer of ₹ 13,027 crore in 1HFY27, including ₹ 3,724 crore to the Rajasthan exchequer.
- Renewable power at 27% of overall power consumption; the zinc alloy plant now sources 100% power from renewable sources.
- An earnings call was scheduled for Monday, October 19, 2026 at 16:00 hours IST, with playback available till October 26, 2026.
How to read this
The release presents record quarterly and half-yearly profit, EBITDA and revenue, alongside a lower cost of production and a higher contribution from silver. The covering letter describes these as the unaudited consolidated and standalone financial results for the period. The release also carries forward-looking statements, which the company notes are subject to metal prices, exchange rates and other uncertainties.
Also from Hindustan Zinc
Q2 FY27 call: record net profit of INR6,412 crores, zinc cost guidance revised to $825-850 per ton
23 Oct 2026
Hindustan Zinc in focus as silver hits a 7-month low
23 Oct 2026
Viewer Venkat Ramani asked 8-12 month view on Hindustan Zinc; analyst warned of further downside amid metal sector weakness
21 Oct 2026
More numbers
- Net profit, 2QFY27₹ 6,412 crore
- EBITDA, 2QFY27₹ 9,285 crore
- Revenue from operations, 2QFY27₹ 15,093 crore
- EBITDA margin, 2QFY2762%
- Net profit, 1HFY27₹ 11,881 crore
- Revenue from operations, 1HFY27₹ 28,840 crore
- Mined metal production, 2QFY27271 KT
- Earnings per share, 2QFY2715.2
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