Overview
- Hindustan Zinc reported an all-time high quarterly net profit of Rs 3,916 crore, up about 46% year on year, in unaudited Q3 FY26 results.
- Revenue reached a record level and EBITDA exceeded Rs 6,000 crore with roughly mid-30% year-on-year growth, supported by stronger commodity realizations.
- Silver production rose to 158 MT and contributed about 44% of profit during the quarter as prices jumped sharply.
- Operationally, the miner logged its highest-ever third-quarter metal output and cut zinc cost of production to $940 per tonne, with cash and investments at Rs 9,342 crore and borrowings at Rs 9,013 crore.
- The stock gained roughly 4% on the announcement, while Nuvama maintained a Reduce rating on valuation grounds and noted small FY27 hedges for zinc (≈7% at $3,117/t) and silver (≈8% at $58/oz).