According to the latest quarterly results, Hindustan Zinc delivered exceptional financial performance in Q1 FY27. The company reported a consolidated net profit of ₹5,469 crore, representing a remarkable 145% increase from ₹2,234 crore in the corresponding quarter of the previous year. Revenue from operations surged 77% to ₹13,747 crore, compared to ₹7,771 crore in Q1 FY6, significantly exceeding the Bloomberg consensus estimate of ₹5,052 crore based on a poll of six analysts. EBITDA more than doubled to ₹8,074 crore from ₹3,860 crore in the corresponding quarter last year, with EBITDA margin expanding to 59% from 50% year-on-year, ahead of the CNBC-TV18 estimate of 61.1%. On a standalone basis, total revenue from operations rose 77% to ₹13,687 crore and net profit increased 146% to ₹5,425 crore. The company's net profit margin improved to 40% in Q1 FY27 from 37% in Q4 FY6 and 29% in Q1 FY6, while operating margin increased to 52% during the quarter. Total expenses increased over 33% YoY to ₹6,749 crore, with net worth more than doubling to ₹23,587 crore and the debt-to-equity ratio improving to 0.32 times from 1.19 times in Q1 FY6. The strong performance came as benchmark zinc prices averaged $3,466 per tonne during the quarter, while a weaker rupee boosted realizations.
According to latest market data, Hindustan Zinc Ltd's shares have experienced significant volatility, closing 0.16% higher at ₹531.95 on the BSE following the earnings announcement. The stock has now gained 3% in the past week but lost more than 1% over the month, with the total market capitalisation standing at ₹2.25 lakh crore as of July 24, 2026. The scrip has lost 13% so far this year, significantly underperforming the BSE Metal index which has declined 6.57% during the same period. The stock's recent performance contrasts sharply with its previous strong showing, as it had achieved a 17.54% return over the past year and had reached a record high of ₹733 on January 27, 2026, before touching a year's low of ₹413.50 on August 1, 2025. The current trading volume stands at 15,847 shares compared to the average daily volume of 2.97 lakh shares in the past month, indicating reduced investor interest. Hindustan Zinc closed 0.16% higher on Friday, while the benchmark index Sensex closed 0.43% lower.
According to the latest developments, Hindustan Zinc's board of directors approved the appointment of Amarendu Prakash as the Chief Executive Officer and Whole-Time Director, effective August 1, 2026. Prakash, with over three decades of experience in the steel industry, previously served as the Chairman & Managing Director of SAIL from 2023 to 2026. As per the company statement, during his tenure at SAIL, he led transformative initiatives spanning operational excellence, capacity expansion, digital transformation, and organisational performance across one of India's largest steel producers. The company also appointed Amit Gupta as the Chief Financial Officer of Hindustan Zinc Ltd with effect from June 1, 2026. Gupta, a qualified Chartered Accountant with over two decades of experience, brings deep expertise in strategic finance, capital allocation, business transformation, cost optimization, and corporate governance across Vedanta Group companies. Outgoing CEO Arun Mishra expressed confidence that Prakash's vision, deep industry expertise and proven leadership will guide the company to even greater heights, having worked with him previously. Both Prakash and Gupta attended the company's quarterly conference interaction with analysts.
According to the company's latest business update, Hindustan Zinc achieved its highest-ever first-quarter mined metal output of 268,000 tonnes, marking the fifth consecutive year of record June-quarter production. Refined metal production rose 4% year-on-year to 260,000 tonnes, supported by better ore grades, debottlenecking initiatives and the commissioning of an additional roaster. The company's total mined metal production was at 268 MT, up 1% year-on-year. Quarterly silver production remained flat at 149 tonnes, contributing 46% towards overall profitability, while total mined metal production was at 268 MT, up 1% year-on-year. Silver remained a key earnings driver, contributing about 46% of overall profitability, with silver revenue surging 169% YoY to ₹3,839 crore from ₹1,426 crore in the year-ago period, though it declined 5% sequentially from ₹4,032 crore. Silver profit jumped 170% YoY from ₹1,232 crore to ₹3,327 crore. The company also monetized 10,000 tonnes of old lead concentrate inventory, generating about ₹315 crore in revenue and realizing the equivalent of about nine tonnes of silver. Quarterly silver production remained flat at 149 tonnes, contributing 46% towards overall profitability.
According to the company's latest business update, Hindustan Zinc reaffirmed its full-year mined metal production guidance of 1.1 million tonnes, expressing confidence after a strong first quarter. CEO Arun Misra retained the guidance, noting that production typically improves in the second half of the year and expressed confidence that "we won't have any further shutdowns, and we will deliver on our commitment of 1.1 million tonnes". The company also reaffirmed its long-term expansion plans, with construction progressing on a 250,000-tonne integrated zinc smelter, while the phosphoric acid plant is expected to be commissioned in the second quarter. A proposed large zinc and lead smelter project is expected to receive board approval later this fiscal year, with construction likely to take about 36 months. The company ended the quarter with a net cash position of ₹5,572 crore after generating free cash flow of ₹5,253 crore despite ongoing capital expenditure. During the quarter, it also paid an interim dividend of ₹11 per share. The company achieved "the lowest quarterly zinc cost of production excluding royalty since underground transition at $851 per tonne," aided by higher grades, increased renewable energy use and better by-product realization.
