Hindustan Zinc Reports Q2 Net Profit Of ₹6,300 Crore On Revenue Of ₹14,960 Crore

Market snapshot: Hindustan Zinc Limited has reported its financial results for the second quarter, delivering a standalone net profit of ₹6,300 crore compared to ₹2,630 crore in the year-ago period. Revenue from operations reached ₹14,960 crore, while EBITDA margin expanded to 61.3%.

Data Snapshot

• Standalone net profit for Q2 stood at ₹6,300 crore compared to ₹2,630 crore in the year-ago period.
• Q2 revenue from operations reached ₹14,960 crore against ₹8,530 crore YoY.
• EBITDA for the quarter rose to ₹9,250 crore with an EBITDA margin of 61.3%.
• Refined metal production reached 264 kt in Q2, up 7% YoY, while mined metal output rose 5% YoY to 271 kt.

What's Changed

• Q2 standalone net profit expanded to ₹6,300 crore from ₹2,630 crore in Q2 of the previous fiscal year.
• Q2 revenue increased to ₹14,960 crore from ₹8,530 crore YoY.
• EBITDA margin expanded to 61.3% from 44.26% in the corresponding prior-year period.

Key Takeaways

• Strong operational execution drove top-line and bottom-line expansion in Q2.
• EBITDA margin reached 61.3%, supported by cost management and volume gains.
• Higher refined and mined metal production provided solid operational momentum during the quarter.

SAHI Perspective

Hindustan Zinc demonstrated strong operational and financial performance in Q2, driven by higher metal volumes and robust margin expansion. The expansion in EBITDA margin to 61.3% underscores efficient cost structure controls alongside operational throughput gains.

Market Implications

The strong quarterly performance is expected to support sentiment across the non-ferrous metals sector. Margin expansion and solid revenue execution highlight structural operational strength.

Trading Signals

Market Bias: Bullish

Strong Q2 performance with net profit at ₹6,300 crore vs ₹2,630 crore YoY and EBITDA margin expanding to 61.3% supports a constructive outlook.

Overweight: Metals & Mining, Non-Ferrous Metals

Trigger Factors:

• Sustained operational volume growth in mined and refined metal
• Global zinc and silver price trends
• Raw material cost stability

Time Horizon: Near-term (0-3 months)

Industry Context

The Indian non-ferrous metal sector continues to benefit from demand across infrastructure, industrial, and renewable energy applications. Operational efficiency and captive power integration remain key differentiators for integrated primary producers.

Key Risks to Watch

• Volatilities in global benchmark zinc and silver market prices
• Fluctuations in input commodity costs such as thermal coal

Recent Developments

Hindustan Zinc reported record Q2 mined metal production of 271 kt (up 5% YoY) and refined metal output of 264 kt (up 7% YoY), alongside 173 tonnes of silver production (up 20% YoY).

Closing Insight

Robust margin expansion and steady operational throughput position Hindustan Zinc favorably as demand across industrial sectors remains resilient.

High Performance Trading with SAHI.