Udaipur, October 17 (Daily Kiran): Hindustan Zinc Limited, the world’s largest integrated zinc producer and one of the top five global silver producers, has posted its highest-ever second-quarter (Q2 FY26) revenue and EBITDA, along with a 19% quarter-on-quarter (QoQ) rise in profit after tax (PAT).
The company reported a PAT of ₹2,649 crore, up 19% QoQ and 14% year-on-year (YoY), on the back of record revenue from operations of ₹8,549 crore, marking a 10% QoQ and 4% YoY increase. Its EBITDA stood at ₹4,467 crore, the highest for any second quarter, up 16% QoQ and 7% YoY, maintaining an industry-leading margin of 52%.
Hindustan Zinc also achieved its lowest second-quarter zinc cost of production in five years at $994 per tonne, improving by 7% YoY.
Key Highlights
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Revenue: ₹8,549 crore — highest-ever for Q2
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EBITDA: ₹4,467 crore — best-ever, with 52% margin
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PAT: ₹2,649 crore — up 19% QoQ, 14% YoY
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Zinc cost of production: $994/tonne — 5-year low
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Silver contribution: ~40% of total profit
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Inclusion: Added to Nifty 100 and Nifty Next 50 indices from September 30, 2025
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New Project: India’s first 10 Mtpa zinc tailings reprocessing plant approved at Rampura Agucha
Half-Year (1H FY26) Performance
For the first half of FY26, Hindustan Zinc reported a PAT of ₹4,883 crore, up 5% YoY, and revenue from operations of ₹16,320 crore. The company also maintained an EBITDA margin of around 51%.
The company contributed ₹8,367 crore to the exchequer, including ₹2,467 crore to the Rajasthan state government.
Operational and Strategic Milestones
During the quarter, Hindustan Zinc commissioned a new 160 Ktpa Roaster at Debari and completed debottlenecking at the Dariba Smelting Complex, boosting overall efficiency. The company’s board also approved a ₹3,823 crore tailings reprocessing plant at Rampura Agucha and expansion of its refined metal capacity by 250 Ktpa, backed by an investment of around ₹12,000 crore.
Silver continued to play a major role, contributing nearly 40% of total profit, reinforcing Hindustan Zinc’s strong position in the global silver market.
ESG and Sustainability Achievements
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Fatality-free operations in FY26.
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Became the first Indian company to join the International Council on Mining and Metals (ICMM).
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Signed MoUs with Greenline Mobility Solutions for deploying 100 additional EV and LNG trucks.
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Inaugurated India’s first Diesel-Electric Load Haul Dump (LDH) machine at Rajpura Dariba Mine.
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Won multiple awards for sustainability, innovation, and diversity, including the CII Environmental Best Practices Award 2025 and Brandon Hall Gold Award for DEIB initiatives.
Management Commentary
Arun Misra, CEO of Hindustan Zinc, said,
“We have delivered the best-ever second-quarter performance with record production and the lowest zinc cost in five years. Our inclusion in ICMM highlights our commitment to responsible mining and sustainable growth as we move toward expanding our operations and driving India’s clean energy transition.”
Sandeep Modi, CFO, added,
“This quarter’s strong performance reflects our cost efficiency, diversification, and disciplined growth strategy. With silver contributing about 40% to profits and consistent inclusion in major indices, we continue to deliver long-term value for shareholders.”
Financial Position
As of September 30, 2025, Hindustan Zinc held ₹8,155 crore in cash and investments, with total borrowings of ₹10,702 crore, resulting in a net debt of ₹2,547 crore. The company retains a AAA credit rating from CRISIL, underscoring its financial strength.
Hindustan Zinc will host its earnings conference call on Friday, October 17, 2025, at 4:00 PM IST to discuss financial and operational results.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
