Hindustan Zinc Posts Record Q2 Profit, Shares Dip

Hindustan Zinc reported a sharp 142% year-on-year jump in consolidated net profit to Rs 6,412 crore for the second quarter of FY27, compared with Rs 2,649 crore in the year-ago period. Revenue from operations surged 77% to a record Rs 15,093 crore, driven by higher metal prices, increased production, stronger by-product realisations and a firmer ***** more than doubled to Rs 9,285 crore, with the margin expanding to 62% from 52% a year earlier. Mined metal production hit a second-quarter high of 271 kt (up 5%), while refined metal output rose 7% to 264 kt. Silver production climbed 20% to 173 tonnes, boosting overall profitability. Zinc cost of production (ex-royalty) improved 29% year-on-year to $703 per ***** the strong numbers, shares of the Vedanta Group company fell around 3% on Wednesday after early gains of nearly 4%, closing the session lower. Brokerage firm Motilal Oswal maintained a Neutral rating with a target price of Rs 600, citing limited near-term capacity headroom even as it raised earnings estimates on better silver volumes and cost efficiencies.