Hindustan Zinc Limited conducted an earnings conference call on Monday, October 19, 2026, to discuss the company's financial performance for the second quarter and half year ended September 30, 2026 (Q2 FY27).

The event was an earnings call specifically focused on discussing Q2 and H1 FY27 results. The call included management presentations followed by a Q&A session with analysts.

Management participants included:

  • Mr. Amarendu Prakash – Chief Executive Officer
  • Mr. Amit Gupta – Chief Financial Officer
  • Ms. Raksha Jain – Director, Investor Relations

The transcript of the earnings call was made available on the company's website at https://www.hzlindia.com/investors/results-and-reports and was filed with the stock exchanges pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Highlights Discussed

Q2 FY27 Performance:

  • Revenue from operations: INR 15,093 crores, up 77% YoY
  • EBITDA: INR 9,285 crores, up 108% YoY (industry-leading margin of 62%)
  • Net profit: INR 6,412 crores, up 142% YoY (record quarterly performance)
  • Zinc cost of production: $703 per ton (excluding royalty), improved by 29%
  • Saleable silver production: 173 tons, up 20% YoY
  • Free cash flow before growth capex: INR 6,389 crores
  • Net cash balance: INR 11,268 crores

H1 FY27 Performance:

  • Revenue from operations: INR 28,840 crores, up 77% YoY
  • EBITDA: INR 17,359 crores, up 108% YoY
  • Net profit: INR 11,881 crores, up 143% YoY
  • Zinc cost of production: $776 per ton (excluding royalty)

Operational Metrics:

  • Mined metal production: 5% YoY growth (highest-ever Q2 output)
  • Refined metal production: 7% YoY growth
  • Ore grade: 7.6%
  • Domestic coal usage: 32%

Guidance Updates:

  • Revised zinc cost of production guidance: $825-$850 per ton (from previous $975-$1,000)
  • Silver production guidance maintained at 680 tons for FY27
  • Full-year capex guidance: ~INR 5,000 crores

Hedging Details:

  • Q3 FY27: 40 KT zinc hedged at $3,476/ton; 8 tons silver hedged at $68/ounce
  • Q4 FY27: 36 KT zinc hedged at $3,698/ton

Additional Business Updates:

  • Lead concentrate sale: 10 KT sold in Q2 containing 10 tons silver and 6,000 tons lead, generating INR 300 crores revenue and INR 155 crores profit
  • Growth projects: 250 KTPA integrated zinc expansion and 10 MTPA tailing reprocessing plant on track
  • ESG achievements: 27% renewable energy consumption, target of 35%; zero fatalities in Q2
  • CSR initiative: 12,263 Nand Ghars established across India
  • Contribution to exchequer: INR 13,000+ crores in H1 FY27 through taxes, royalties, and duties

Additional Notes Section

The document includes the complete transcript of the earnings conference call held on October 19, 2026. The transcript contains detailed management commentary on operational performance, market outlook, strategy, and comprehensive Q&A with analysts covering topics such as cost structure, hedging, capex, growth projects, and commodity price outlook.

The company explicitly noted that the discussion was covered by the Safe Harbour clause mentioned in their investor presentation. No unpublished price sensitive information (UPSI) was indicated to be shared during the call.