Hindustan Zinc earnings reached a record in the second quarter of fiscal 2027, with net profit rising 142% year over year to $671 million. The Indian metals producer announced on October 20, 2026, that quarterly revenue increased 77% to a record $1.579 billion, supported by record second-quarter metal production and lower zinc production costs.
Key Takeaways
- Quarterly EBITDA rose 108% year over year to a record $972 million.
- Mined and refined metal output reached second-quarter records, while silver production increased 20%.
- A letter of intent for a rare-earth and yttrium block advanced the company’s critical-minerals diversification.
Table of Contents
- Hindustan Zinc earnings benefit from production and costs
- Metal output reaches second-quarter records
- Critical minerals and renewable power broaden operations
- Conclusion
Hindustan Zinc earnings benefit from production and costs
The company’s second-quarter earnings announcement attributes its highest-ever quarterly EBITDA to record production and lower zinc production costs. EBITDA reached $972 million, up 108% from a year earlier, growing faster than revenue.
Quarterly zinc cost of production, excluding royalty, was $703 per tonne. That exclusion matters when assessing the figure: it is not an all-in measure of the company’s production expenses.
For the half year ended September 30, 2026, Hindustan Zinc also reported record EBITDA and net profit. The US-dollar figures in the announcement use an exchange rate of 95.57 Indian rupees per dollar.
| Item | Details |
|---|---|
| First-half FY27 EBITDA | $1.816 billion, up 108% year over year |
| First-half FY27 net profit | $1.243 billion, a company record |
| First-half FY27 EBITDA margin | 60% |
| Second-quarter free cash flow | $668 million before growth capital expenditure |
Metal output reaches second-quarter records
Mined metal production reached 271,000 tonnes, while refined metal production totaled 264,000 tonnes. Both were records for a second quarter, rather than claims of all-time quarterly production highs.
Silver output rose 20% year over year to 173 tonnes. The company said silver contributed significantly to profitability, although it did not provide a separate profit contribution in the supplied announcement.
Chief Executive Officer Amarendu Prakash said the company remained focused on disciplined growth, AI-led innovation and expanding its critical-minerals portfolio.
Critical minerals and renewable power broaden operations
During the quarter, Hindustan Zinc secured a letter of intent for the Gundlupet Rare Earth Element and Yttrium Block in Karnataka. This advances its diversification plans but does not establish that mining or commercial production has begun.
Renewable power increased to 27% of overall power consumption. The company’s zinc alloy plant now sources all of its power from renewable energy, a plant-specific milestone distinct from the group-wide share.
Quarterly free cash flow was reported before growth capital expenditure. It therefore should not be read as cash remaining after all expansion spending.
Conclusion
The quarter combined higher production with lower zinc production costs and record profitability. Further progress on the Gundlupet letter of intent remains a development to watch; the announcement did not provide a timetable for commercial production.
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