Hindustan Zinc Ltd.EBITDA ₹9,285 Cr, profit ₹6,412 Cr, zinc cost $703/t

Hindustan Zinc's Q2 FY27 call, held on 19 October 2026, reported record EBITDA of ₹9,285 crore, up 108% with a 62% margin, and record net profit of ₹6,412 crore, up 142%, on revenue of ₹15,093 crore.

Zinc cost of production was $703 per ton, so management cut its FY27 cost guidance to $825-850 from $975-1,000. Saleable silver rose 20% to 173 tons and contributed about 45% of first-half profit, and the FY27 target of 680 tons was held. Net cash was ₹11,268 crore after ₹6,389 crore of free cash flow before growth capex, and shareholders earned a 15% total return in the half. The company sold another 10 kt of lead concentrate for ₹300 crore of revenue, after saying earlier that no more sales were planned, and disclosed hedges for Q3 and Q4. It gave no update on the acid and fertiliser plants due in Q2 or on the smelter approval expected in Q3.