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Hindustan Zinc Q2 Profit Surges 142% And Cuts FY27 Cost Forecast
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Moneycontrol•19-10-2026, 17:21
Hindustan Zinc Q2 Profit Surges 142% And Cuts FY27 Cost Forecast
- •Hindustan Zinc reported a more than twofold rise in quarterly net profit to Rs 6,412 crore, driven by higher metal prices and increased output.
- •The company lowered its annual zinc production cost forecast for fiscal 2027 to $825-$850 per ton from $975-$1,000 earlier.
- •Revenue from operations jumped 76.5% to 150.93 billion rupees while net profit margin climbed to 42% from 31% a year earlier.
- •Mined metal production rose 5% to 271,000 tons and silver production increased 20% to 173 tons during the September quarter.
Key Questions Answered
Hindustan Zinc reported a 142% surge in consolidated net profit to Rs 6,412 crore ($675.5 million) for the quarter ended September 30, compared to Rs 2,649 crore during the same period last year.
The company reduced its fiscal 2027 zinc production cost forecast to $825-$850 per ton from $975-$1,000 due to overall improvements in production costs, with Q2 costs falling 29% year-on-year to $703 per ton.
The strong financial performance was driven by higher metal prices, increased production outputs, and a more than doubling of revenue from silver sales.
