Financial Performance Summary

Second Quarter FY27 (2QFY27) Results

  • Revenue from operations: ₹15,093 crore, up 77% YoY
  • EBITDA: ₹9,285 crore, up 108% YoY
  • EBITDA Margin: 62% (industry-leading), up approximately 900 bps YoY
  • Net Profit: ₹6,412 crore, up 142% YoY
  • Effective Tax Rate: 25.20%
  • Earnings Per Share: ₹15.2 (not annualized), up 142% YoY

First Half FY27 (1HFY27) Results

  • Revenue from operations: ₹28,840 crore, up 77% YoY
  • EBITDA: ₹17,359 crore, up 108% YoY
  • EBITDA Margin: 60%
  • Net Profit: ₹11,881 crore, up 143% YoY
  • Earnings Per Share: ₹28.1 (not annualized), up 143% YoY

Operational Performance

Production Metrics (Q2 FY27)

  • Mined metal production: 271 KT (record quarterly), up 5% YoY
  • Refined metal production: 264 KT (best-ever quarterly), up 7% YoY
  • Silver production: 173 tonnes, up 20% YoY
  • Zinc cost of production (excluding royalty): $703 per tonne, better by 29% YoY

Production Metrics (H1 FY27)

  • Mined metal production: 539 KT (record for 6th consecutive year), up 3% YoY
  • Refined metal production: 524 KT (best-ever), up 6% YoY
  • Silver production: 321 tonnes, up 10% YoY
  • Zinc cost of production (excluding royalty): $776 per tonne, better by 23% YoY

Revenue Breakdown (Q2 FY27)

  • Zinc sales: ₹8,224 crore, up 54% YoY
  • Lead sales: ₹1,130 crore, up 35% YoY
  • Silver sales: ₹4,111 crore, up 141% YoY
  • Other sales: ₹1,628 crore, up 151% YoY

Liquidity and Financial Position

  • Gross investments and cash (as of September 30, 2026): ₹17,439 crore
  • Total borrowings outstanding (as of September 30, 2026): ₹6,171 crore
  • Credit Rating: AAA from CRISIL (investment grade)
  • Free cash flow pre growth capex: ₹6,389 crore (Q2), ₹11,642 crore (H1)

ESG Initiatives

  • Renewable power consumption: Increased to 27% of overall power consumption
  • Zinc alloy plant: Now sourcing 100% power from renewable energy sources
  • EV deployment: Flagged off 1st EV crane at Rajpura Dariba and EV cherry-picker at Rampura Agucha
  • EV transportation: Partnered with MFL India for 30 EV trucks at Rampura Agucha
  • Green initiatives: MoU with Arid Forest Research Institute for high-density plantations at Chanderiya Lead Zinc Smelter

Management Commentary

Amarendu Prakash, Chief Executive Officer: "I am honored to lead Hindustan Zinc at this pivotal stage. Our record quarterly mined metal production of 271 KT and refined metal production of 264 KT demonstrates the strength of our operations, assets and people. We remain focused on disciplined growth, AI-led innovation, and advancing our critical minerals portfolio to support India's energy transition while delivering long-term stakeholder value."

Amit Gupta, Chief Financial Officer: "Hindustan Zinc delivered the highest-ever quarterly financial performance, with EBITDA of ₹9,285 crore and net profit of ₹6,412 crore. Our industry-leading EBITDA margin of 62%, strong cash generation, and robust balance sheet underscore our focus on financial discipline and productivity. We remain committed to investing in growth, maintaining financial resilience, and creating long-term shareholder value."

Additional Information

  • Total shareholder returns: 15% (approximately 12x of Nifty 50 and 4x of Nifty 100 returns)
  • Contribution to national exchequer: ₹13,027 crore (including ₹3,724 crore to Rajasthan exchequer through taxes, duties and mining royalties)
  • Silver contribution: Approximately 45% towards overall profitability in H1 FY27
  • Earnings call: Scheduled for October 19, 2026, at 16:00 hours IST