Summary:
Hindustan Zinc’s Q2FY27 net profit surged 142% year on year to ₹6,412 crore, while revenue climbed 77% to ₹15,093 crore. Higher zinc and silver prices, increased production and lower costs boosted earnings, supporting the company’s expansion plans and profitability outlook.
Hindustan Zinc Limited’s consolidated net profit surged 142% YoY to ₹6,412 crore in Q2FY27 against ₹2,649 crore in the year-ago period. Higher prices for zinc and silver, higher production and lower operating costs helped to lift quarterly earnings to record levels.
Hindustan Zinc Q2FY27 Results: Revenue Up 77%
Hindustan Zinc reported its highest ever quarterly revenue from operations of ₹15,093 crore, up 77% YoY as against ₹8,549 crore in Q2FY26.
EBITDA grew more than two-fold to ₹9,285 crore, up 108% YoY. EBITDA margin improved to about 62% from 52% a year ago.
Higher metal prices, higher sales volumes, lower production costs and a stronger US dollar helped the improvement.
Financial highlights include:
| Details | Q2FY27 | Q2FY26 |
| Revenue from Operations | ₹15,093 crore | ₹8,549 crore |
| Net Profit | ₹6,412 crore | ₹2,649 crore |
| EBITDA Margin | 62% | 52% |
| Zinc Sales Revenue | ₹8,224 crore | ₹5,354 crore |
| Silver Sales Revenue | ₹4,111 crore | ₹1,706 crore |
Silver sales revenue grew 141% YoY, and it is a key contributor to the company's earnings growth.
Lower Production Costs and Higher Metal Production Boost Profitability
Hindustan Zinc’s mined metal production was up 5% YoY at 271,000 tons in Q2FY27. Refined metal production increased 7% to 264,000 tons.
Silver production rose 20% YoY to 173 tons.
The company’s zinc cost of production, excluding royalty, was down 29% YoY to $703/tonne from $994/tonne.
The reduction was aided by improved ore grades, higher production, increased use of renewable energy and better realizations from by-products, particularly sulfuric acid.
Hindustan Zinc also cut its FY27 zinc production cost guidance to $825–850 per ton, from a prior estimate of $975–1,000.
H1FY27 Performance and Expansion Plans
Hindustan Zinc reported a revenue of ₹28,840 crore for the first half of FY27, up 77% YoY. EBITDA grew 108% to ₹17,359 crore, while net profit jumped 143% to ₹11,881 crore.
Silver accounted for approximately 45% of total profitability for the first half.
The company is advancing its 250,000 tons per year zinc capacity expansion project. It has also signed a Letter of Intent for a rare earth minerals block in Karnataka, taking its footprint beyond zinc, lead and silver.
Outlook
Hindustan Zinc’s Q2FY27 performance was driven by higher metal prices, higher production and better cost efficiency.
Future profitability will remain sensitive to global zinc and silver prices, production costs and progress of expansion projects. Lower operating costs will be important as metal prices continue to fluctuate.
