Hindustan Zinc Q2 net profit surges 142% to ₹6,412 cr on record Ebitda

Hindustan Zinc Ltd (HZL) reported a 142 per cent surge in net profit at ₹6,412 crore in the second quarter of financial year 2027 (Q2FY27) from ₹2,649 crore in the corresponding quarter last year. Earnings before interest, tax, depreciation and amortisation (Ebitda) more than doubled to a record ₹9,285 crore, supported by higher metal prices, increased production and lower zinc production costs.

The Vedanta group firm reported a 77 per cent increase in revenue from operations to ₹15,093 crore during the quarter, compared with ₹8,549 crore a year earlier. 

Zinc production cost, excluding royalty, declined 29 per cent year-on-year (Y-o-Y) to $703 per tonne. The company attributed the reduction to better mined grades, higher metal production, increased consumption of renewable power and higher by-product realisations. These gains were partly offset by lower domestic coal usage and higher input commodity prices.

Hindustan Zinc reported record second quarter mined metal production of 271,000 tonnes, up 5 per cent Y-o-Y, while refined metal production rose 7 per cent to a record 264,000 tonnes for the quarter. Silver production increased 20 per cent to 173 tonnes, contributing to profitability.

Revenue from zinc sales rose 54 per cent Y-o-Y to ₹8,224 crore, while silver sales revenue surged 141 per cent to ₹4,111 crore. Lead sales revenue increased 35 per cent to ₹1,130 crore.

For the first half of FY27, revenue from operations rose 77 per cent to ₹28,840 crore. Ebitda increased 108 per cent to ₹17,359 crore, while net profit climbed 143 per cent to ₹11,881 crore.

As of September 30, the company had gross investments and cash of ₹17,439 crore and outstanding borrowings of ₹6,171 crore.

Separately, Hindustan Zinc said it had secured a letter of intent for the Gundlupet Rare Earth Element and Yttrium Block in Karnataka, advancing its diversification into critical minerals.