Udaipur, October 17 (Udaipur Kiran): Hindustan Zinc Limited (BSE: 500188 | NSE: HINDZINC), the world’s largest integrated zinc producer and among the top five silver producers globally, announced its best-ever second-quarter (2Q FY26) financial results, posting record revenue and EBITDA, along with strong profitability and operational efficiency.
The company reported a profit after tax (PAT) of ₹2,649 crore, up 19% quarter-on-quarter (QoQ) and 14% year-on-year (YoY). Revenue from operations touched an all-time high of ₹8,549 crore, up 10% QoQ and 4% YoY, while EBITDA reached a record ₹4,467 crore, up 16% QoQ and 7% YoY, maintaining an industry-leading margin of 52%.
During the quarter, the company achieved its highest-ever mined metal production of 258 Kt and recorded a five-year lowest zinc cost of production at $994 per tonne, improving 7% YoY and 2% QoQ.
Silver continued to be a key earnings driver, contributing around 40% of total profits, reinforcing Hindustan Zinc’s strong position in the growing silver market. The company also outperformed broader indices, delivering a 7% total shareholder return, even as the Nifty 100 declined by 3% during the same period.
Reflecting its strong fundamentals, Hindustan Zinc has been included in the Nifty 100 and Nifty Next 50 indices, effective September 30, 2025.
Strategic Milestones
In 2Q FY26, the company:
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Commissioned a 160 Ktpa Roaster at Debari.
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Completed debottlenecking at Dariba Smelting Complex, enhancing capacity.
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Received Board approval for India’s first 10 Mtpa Zinc Tailings Reprocessing Plant at Rampura Agucha — a major step towards sustainable resource circularity.
Management Commentary
Arun Misra, CEO of Hindustan Zinc, said:
“We have delivered our best-ever second quarter with record production and the lowest cost levels in five years. Our inclusion in the International Council on Mining and Metals (ICMM) as the first Indian member underscores our deep commitment to responsible and sustainable mining. As we expand into our next growth phase, we are focusing on circularity, value recovery, and critical mineral development to drive India’s clean energy future.”
Sandeep Modi, CFO, added:
“This quarter’s strong financial performance reflects our cost discipline and portfolio diversification. With silver contributing 40% to profits, we are well positioned to capitalize on commodity upswings while sustaining long-term value creation. Our inclusion in the Nifty indices reaffirms investor confidence in our growth and governance.”
ESG Highlights
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Fatality-free operations maintained.
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Became the first Indian company to join the ICMM, aligning with 40 global ESG standards.
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Signed MoUs with Greenline Mobility Solutions to deploy 100 new EV and LNG trucks, expanding the fleet to 400.
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Commissioned India’s first diesel-electric Load Haul Dump machine at Rajpura Dariba Mine.
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Recognised with several awards, including the ISC-FICCI Sanitation Award for wastewater reuse and the CII National Award for environmental excellence.
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Honoured with Gold at the Brandon Hall Awards for diversity and inclusion initiatives.
Financial Summary (2Q FY26)
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Revenue: ₹8,549 crore, up 10% QoQ, driven by better commodity prices and by-product realisations.
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EBITDA: ₹4,467 crore, up 16% QoQ; EBITDA margin at 52%.
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PAT: ₹2,649 crore, up 19% QoQ; effective tax rate at 25.2%.
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Zinc Cost of Production: $994/tonne, a five-year low.
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Net Debt: ₹2,547 crore (down from ₹4,185 crore in June 2025).
Contribution to Exchequer
During 1H FY26, the company contributed ₹8,367 crore to the national exchequer, including ₹2,467 crore to the Rajasthan state exchequer.
Outlook
Hindustan Zinc continues to strengthen its position as a global leader in sustainable mining, with expansion projects worth over ₹12,000 crore underway to increase refined metal capacity and enhance circular resource utilization.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
Hindustan Zinc Delivers Record 2Q Revenue and EBITDA; PAT Rises 19% QoQ
