Hindustan Zinc's CEO says record Q3 profit is structurally sustainable, driven by low costs and rising silver recoveries, while cash will fund growth, not dividends
According to analysts, Hindustan Zinc registered a strong quarter driven by better metal prices and improving volumes, alongside tight cost control
Record revenue, five-year low cost of production and rally in silver prices lift earnings to all-time high
Hindustan Zinc's growth in Q3 was supported by higher production, rising zinc and silver prices, lower production costs, a stronger dollar, and improved by-product realisations
In the past two months, the market price of Hindustan Zinc has appreciated by 39 per cent.
Q3FY26 company results: Firms including Punjab National Bank, LTIMindtree, Tata Capital, Oberoi Realty, Ceat, and Hatsun Agro Product are also to release their October-December earnings reports today
At 10:21 AM on Wednesday, the Nifty Metal index was the top gainer among the sectoral indices up 2 per cent, as compared to 0.23 per cent decline in the Nifty 50
Hindustan Zinc Limited share price rose as buying interest emerged after silver scaled a fresh high on geopolitical tension
Traditionally, Q4 is seasonally strong for volume push, and thus, analysts expect most steel companies to foresee very sharp reversal in margins in Q4FY26.
However, in the past one month, the Nifty Metal index has rallied 10 per cent, as against 0.17 per cent rise in the Nifty 50.
Prices of MCX Silver futures (March 2026 expiry) fell nearly 4 per cent, slipping below the ₹2.5 lakh per kilogram mark on Thursday
In the past one month, the stock price of Hindustan Zinc, Nalco, Vedanta, Hindalco Industries and SAIL have rallied between 15% and 32%.
On Wednesday, Silver prices tumbled with MCX Silver futures (March 2026 expiry) hitting a low of ₹2,32,228 per kilogram
Devarsh Vakil, Head of Prime Research at HDFC Securities reckons that investors should wait for a 10-15 per cent price correction in Hindustan Copper and Hindustan Zinc.
At 09:55 AM; Nifty Metal index, the top gainer among sectoral indices on Monday, was up 1.5 per cent, as compared to 0.08 per cent rise in the Nifty 50.