Hindustan Zinc Q2 PAT surges 19% QoQ to ₹2,649 crore, reports highest-ever revenue & EBITDA
Hindustan Zinc reported record Q2 FY26 revenue of ₹8,549 crore and PAT of ₹2,649 crore, up 19% QoQ, driven by higher commodity prices and lower costs. Projects are progressing with strong FY26 outlook.
The announcement details record quarterly financial performance, significant operational improvements, strategic project advancements, and inclusion in key indices. These factors indicate strong business momentum and future growth potential, likely impacting investor confidence and stock valuation significantly.
The company reported its best-ever second-quarter revenue and EBITDA, with a significant 19% QoQ surge in profit after tax. This was backed by strong operational performance, including the lowest zinc cost of production in five years, and strategic project advancements and ESG achievements.
Hindustan Zinc Limited (HINDZINC) announced its unaudited consolidated and standalone financial results for the second quarter and half year ended September 30, 2025. * 2Q FY26 Highlights: * Profit after taxes surged to ₹ 2,649 crore, up 19% Quarter-on-Quarter (QoQ) and 14% Year-on-Year (YoY). * Highest-ever second quarter revenue from operations reached ₹ 8,549 crore, up 10% QoQ and 4% YoY. * Best-ever second quarter EBITDA stood at ₹ 4,467 crore, up 16% QoQ and 7% YoY, achieving an industry-leading EBITDA margin of 52%. * Mined metal production was 258 Kt, up 1% YoY, marking the best-ever second quarter. * Zinc cost of production was $994 per tonne, a 5-year low for Q2, improving by 7% YoY and 2% QoQ. * Silver contributed approximately 40% to overall profit. * The 160 Ktpa Roaster at Debari was commissioned, and debottlenecking at Dariba Smelting Complex was completed. * The Board approved India’s first Zinc tailing reprocessing plant of 10 Mtpa at Rampura Agucha. * The company was included in Nifty 100 and Nifty Next 50 indices effective September 30, 2025. * 1H FY26 Highlights: * Highest-ever mined metal production of 523 Kt. * 5-year lowest 1H Zinc cost of production of $1,002 per tonne. * Revenue from operations of ₹ 16,320 crore. * EBITDA of ₹ 8,328 crore, up 3% YoY, with an EBITDA margin of approximately 51%. * Profit after taxes of ₹ 4,883 crore, up 5% YoY. * Contribution to the Exchequer was ₹ 8,367 crore, including ₹ 2,467 crore to Rajasthan state. * ESG Highlights: Achieved fatality-free operations, became the first Indian company to join the International Council on Mining and Metals (ICMM), signed MoUs for 100 EV trucks and LNG trucks, inaugurated India’s first Diesel-Electric Load Haul Dump (LDH) machine, and received awards for wastewater treatment and environmental best practices. * Management Commentary: CEO Arun Misra highlighted the best-ever Q2 mined metal production and lowest zinc cost of production, emphasizing operational excellence and the company's commitment to responsible and sustainable mining. CFO Sandeep Modi noted strong financial performance driven by cost efficiency and portfolio diversification, with silver significantly contributing to profits, and expressed pride in the Nifty index inclusions. * Outlook for FY26: The company provided guidance for Mined Metal Production of 1,125 (±10) kt, Refined Metal Production of 1,075 (±10) kt, Saleable Silver of 680 (±10) MT, Zinc CoP of approximately US$ 1,000 per MT, and Growth Capex of US$ 350-400 million (approximately ₹ 2,800 crore - ₹ 3,200 crore). * Liquidity: As of September 30, 2025, the company had gross investments and cash equivalents of ₹ 8,155 crore and net debt of ₹ 2,547 crore. It maintains an Investment grade credit rating of AAA from CRISIL. * Project Updates: Debottlenecking at Chanderiya Lead Zinc Smelter is expected by 3QFY26, the 510 Ktpa Fertiliser plant by 1QFY27, and hot acid leaching technology by 4QFY26. Board approved a ₹ 12,000 crore investment for 250 ktpa integrated refined metal capacity expansion, expected by 2QFY29, and a ₹ 3,823 crore investment for a 10 Mtpa tailing reprocessing plant at Rampura Agucha, expected by 4QFY28. * Earnings Call: An earnings conference call is scheduled for Friday, October 17, 2025, at 16:00 hours IST.
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