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Hindustan Zinc Ltd

Q2 FY26Non - Ferrous Metals

Hindustan Zinc Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹540
Market cap₹2.3L Cr
P/E13.5
Updated16 Oct 2026
Read4 min read

The short version

Refined metal production guidance for FY26 revised to 1,075 ± 10 thousand tons per annum. Hindustan Zinc expects growth with refined metal production reaching over 1.1 million tons in FY'27 due to completion of delayed Roaster 6 commissioning and smelter debottlenecking.

From Hindustan Zinc Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • Refined metal production guidance for FY26 revised to 1,075 ± 10 thousand tons per annum.
  • Silver production guidance for FY26 set at 680 ± 10 tons per annum, with potential growth to 750-800 tons by FY27.
  • Commissioning of 160,000 tons per annum roaster and smelter debottlenecking to support higher refined metal and silver output.
  • New 250 KTPA Integrated Smelter Expansion at Debari and 10 million ton per annum zinc tailings reprocessing plant planned, completing by FY29 and FY28 respectively, driving long-term volume growth.
  • Debottlenecking expected to increase refined metal capacity by ~25,000 tons annually.
  • Target of achieving over 1.1 million tons refined metal production in FY27, post full commissioning of Roaster 6.

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Profitability & Margins

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Capital Expenditure Plans

  • Growth capex guidance for FY26 is USD 350-400 million, including fertilizer, hot acid leaching plant, smelter debottlenecking, and 250 KTPA Integrated Smelter Expansion at Debari and first Zinc Tailings Reprocessing Plant at Rampura Agucha.
  • Two major projects: INR 12,000 crore for a smelter expansion, mine, and new concentrator; INR 3,800 crore for the zinc tailings reprocessing plant.
  • Capex deployment: ~20% this year, 50% next year, remaining in FY28.
  • Debottlenecking smelters to add 25,000 tons of annual refined zinc metal capacity.
  • 250 KTPA smelter project underway with advanced cell houses for scalable capacity.
  • Zinc tailings project will produce ~100 KT zinc, small quantities of lead and silver.

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Top-ranked in Non - Ferrous Metals

Ranked on what management guided this quarter

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1Dec.Gold Mines
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2Hindalco Inds.
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3
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4
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

The provided transcript from Hindustan Zinc Limited's earnings call dated October 17, 2025, does not mention any specifics about current or expected orderbook or pending orders. The discussion primarily focuses on: - Operational performance, metal production, and cost of production. - Growth projects capex, including the smelter expansion and tailings reprocessing plant. - Production guidance for refined metals and silver.

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Hindustan Zinc Ltd — Quarterly revenue & net profit

Revenue Net profit
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27
Sep 2026Q2 FY27

Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹15.0K Cr, net profit ₹6.3K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Hindustan Zinc Ltd Q2 FY26 results?

Refined metal production guidance for FY26 revised to 1,075 ± 10 thousand tons per annum. Hindustan Zinc expects growth with refined metal production reaching over 1.1 million tons in FY'27 due to completion of delayed Roaster 6 commissioning and smelter debottlenecking.

What is Hindustan Zinc Ltd share price analysis?

Hindustan Zinc Ltd currently shows a neutral. The stock trades at a P/E of 13.5 with a market cap of ₹228,167 Cr. Investors should review the full earnings analysis for detailed insights.

Is Hindustan Zinc Ltd planning capital expenditure?

Growth capex guidance for FY26 is USD 350-400 million, including fertilizer, hot acid leaching plant, smelter debottlenecking, and 250 KTPA Integrated Smelter Expansion at Debari and first Zinc Tailings Reprocessing Plant at Rampura Agucha.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.