Archive · 5 Dec 2025
Hindustan Zinc Profits Surge on Record Silver Prices
Hindustan Zinc, a big company that makes silver and zinc, is making a lot of money right now.
Silver prices have gone up a lot, and Hindustan Zinc makes a lot of silver.
They also make zinc, and the price of zinc has gone up too.
The company is doing really well because of these high prices.
They even gave some of their profits back to their investors as dividends.
The company is also planning to make even more zinc in the future.
People who invest in the company's stock should be careful because the prices of metals can go up and down a lot.
Silver prices in India reached record levels of Rs 1.9 lakh per kg, driving Hindustan Zinc's profitability.
Hindustan Zinc's silver division contributed 40% to its total profitability in Q2FY26, with an EBITDA of Rs 1,464 crore.
The company's zinc operations also performed well, with a 5-year low production cost of $994 per tonne.
Hindustan Zinc's consolidated revenue and net profit increased by 3.6% and 13.8% respectively in Q2FY26.
The company is expanding its zinc production capacity with new projects and debottlenecking existing facilities.
- Who
- Hindustan Zinc, a top global silver and zinc producer, and its investors.
- What
- Hindustan Zinc's profits surged due to record high silver prices and strong zinc operations.
- When
- The surge in profits was reported in the September 2025 quarter (Q2FY26).
- Where
- Hindustan Zinc is based in Udaipur, India, with operations globally.
- Why
- The increase in silver and zinc prices, along with strategic hedging and operational efficiency, contributed to the profit surge.
- Silver Price (India)
- Rs 1.9 lakh per kg
- Hindustan Zinc Silver EBITDA (Q2FY26)
- Rs 1,464 crore
- Hindustan Zinc Total EBITDA (Q2FY26)
- Rs 3,630 crore
- Hindustan Zinc Stock Price (Thursday)
- Rs 496.5
- Hindustan Zinc 52-Week High
- Rs 547 (10 June, 2025)
- Interim Dividend (June 2025)
- Rs 10 per equity share
- Vedanta's Stake in Hindustan Zinc
- 61.8%
- Hindustan Zinc Silver Hedging
- 53% of exposure hedged
- Silver Division Revenue (Q2FY26)
- Rs 1,707 crore
- Silver Sales (Q2FY26)
- 147 tonnes
- Silver Realisation (Q2FY26)
- Rs 1.16 lakh per kg
- Zinc Sales (Q2FY26)
- 202,000 tonnes
- Lead Sales (Q2FY26)
- 45,000 tonnes
- Consolidated Revenue (Q2FY26)
- Rs 8,549 crore
- Operating Profit Margin (Q2FY26)
- 51.6%
- Consolidated Net Profit (Q2FY26)
- Rs 2,649 crore
- Hindustan Zinc P/E Ratio
- 19.9 times
- Hindustan Zinc ROE
- 72.9%
- Hindalco P/E Ratio
- 10.2 times
- Hindalco ROE
- 14%