Disclosure Context

Hindustan Zinc Limited (Scrip Code: 500188, Trading Symbol: HINDZINC) submitted an investor presentation under Regulation 30 of SEBI Listing Regulations on October 19, 2026, relating to its unaudited consolidated and standalone financial results for Q2 and H1 ended September 30, 2026.

Operational Performance Highlights

Production Metrics (Q2FY27 vs Q2FY26):

  • Mined metal content: 271 KT (up 5% from 258 KT)
  • Refined metal: 264 KT (up 7% from 246 KT)
  • Refined Zinc: 212 KT (up 5% from 202 KT, includes 5 KT from Hindustan Zinc Alloys)
  • Refined Lead: 51 KT (up 14% from 45 KT)
  • Refined Saleable Silver: 173 tonnes (up 20% from 144 tonnes) or 5.6 million ounces
  • Wind power: 155 million units (up 17% from 132 million units)

H1FY27 Performance:

  • Mined metal: 539 KT (vs 523 KT in H1FY26)
  • Refined metal: 524 KT (vs 496 KT)
  • Silver: 321 tonnes (vs 293 tonnes)

Financial Performance

Q2FY27 Financials (₹ crore):

  • Revenue from operations: ₹15,093 (up 77% YoY from ₹8,549)
  • Zinc: ₹8,224 (54% growth)
  • Lead: ₹1,130 (35% growth)
  • Silver: ₹4,111 (141% growth)
  • Others: ₹1,628 (151% growth)
  • EBITDA: ₹9,285 (up 108% from ₹4,467)
  • EBITDA margin: 62% (vs 52% in Q2FY26)

H1FY27 Financials:

  • Revenue: ₹28,840 (vs ₹16,320 in H1FY26)
  • EBITDA: ₹17,359 (vs ₹8,328)
  • EBITDA margin: 60% (vs 51%)

Cost Metrics:

  • Zinc CoP without Royalty: ₹67,141/MT (down 23% YoY) or $703/MT (down 29%)
  • Zinc CoP with Royalty: $1,228/MT (down 11%)

Market Price Realizations

  • Zinc LME Price: $3,825/MT (up 35% YoY)
  • Lead LME Price: $1,857/MT (down 6% YoY)
  • Silver LBMA Price: $62.6/oz (up 59% YoY)
  • INR/USD: 95.57 (9% stronger YoY)

Commodity and Currency Sensitivities

  • Zinc: $100/MT change → ₹725-750 crore EBITDA impact
  • Lead: $100/MT change → ₹150-175 crore EBITDA impact
  • Silver: $1/toz change → ₹200-225 crore EBITDA impact
  • INR/USD: ₹1 change → ₹325-350 crore EBITDA impact
  • Zinc COP: $25/MT change → ₹225-250 crore EBITDA impact

Strategic Projects and Expansion

Critical Minerals Development:

  • Tungsten (Balepalyam, AP): Exploration started Q4FY26, mining expected Sep'30
  • Potash (Jhandawali-Satipura, Rajasthan): Composite license granted, mining expected Apr'30
  • REE (Nawatola-Laband, UP): Composite license granted, mining expected Jun'30
  • REE & Yttrium (Gundlupet, Karnataka): LOI for preferred bidder received

Growth Targets:

  • 2.0 MTPA refined metal capacity
  • 1,500 TPA silver capacity
  • 458 KTPA value-added products
  • 10 MTPA zinc tailings reprocessing plant
  • 510 KTPA fertiliser plant

Sustainability and ESG Performance

  • Ranked 1st in Metals & Mining sector in S&P Global CSA 2025 (3rd consecutive year)
  • India's first company to join International Council of Mining and Metals (ICMM)
  • GHG intensity: 4.6 (Scope 1+2)/MT in 1HFY27
  • Targeting 70% renewable power by FY28 and Net Zero by 2050 or earlier
  • 2.6 million lives impacted across 4,149 villages

Market Positioning

  • World's largest integrated zinc producer
  • Among top 10 global silver producers
  • World's 2nd largest zinc & lead reserves & resources (25+ years mine life)
  • ~74% expected domestic primary zinc market share
  • ~92% primary lead market share
  • India's only primary silver producer
  • Consistently rated AAA by CRISIL Ratings Limited

Awards and Recognition (Q2FY27)

  • RoSPA Gold award for health & safety performance (5th consecutive year)
  • 'Masters of Risk' award for ESG by CNBC-TV18
  • LEED Platinum certification for Head Office
  • ET Edge SCM Fest Awards for procurement transformation
  • PeopleFirst HR Excellence Awards in multiple categories
  • British Safety Council Five-Star Occupational Health and Safety Audit (95% score)

Corporate Governance and Investor Relations

Earnings call scheduled for October 19, 2026, at 16:00 hours IST with senior management discussion.