Vedanta-owned Hindustan Zinc has posted a 46 per cent increase in net profit from Rs 2,678 crore in Q3 FY25 to Rs 3,916 crores in Q3FY26, according to an official statement.
On a quarter-over-quarter (QoQ) basis, net profit rose by 47.8 per cent from Rs 2,649 Crores in Q2 FY26 to Rs 3,916 crores in Q3 FY26.
The company’s earnings per share (EPS) for the quarterly period stood at Rs 9.27, as compared to Rs 6.34 in the previous year’s quarter, as per the statement.
On the topline front, Hindustan Zinc’s consolidated total revenue from operations for the Q3FY26 jumped 27.4 per cent YoY to Rs 10,980 crore as against Rs 8,614 crore in the same period last year. On the other hand, the company’s core revenue from operations jumped 27.8 per cent YoY and 28.3 per cent QoQ to Rs 10,627 crore.
The top line growth was partially driven by 82.5 per cent YoY jump in the silver segment revenue at Rs 2,676 crore as against Rs 1,465 crore, while the core zinc, lead and others segment witnessed a 16.1 per cent YoY jump in revenue at Rs 7,932 crore.
Silver prices have jumped nearly 52 per cent in the global markets in Q3 FY26 and continued to rally further. Silver segment contributed more than 25 per cent in the quarter as compared to 17 per cent in the previous year’s same quarter.
At the operating level, the company’s Earnings Before Interest, Taxes, Depreciation & Amortisation (EBITDA) jumped 35per cent YoY to Rs 5,701 crore as against Rs 4,200 crore in the same period last year. Similarly, the company’s EBIT margin for the quarter stood at 47 per cent vs 42 per cent in the same period last year and the previous quarter.
The company recorded the impact of the new labour codes implementation since November 2025, worth Rs 31 crore.
The company posted a record third quarter refined metal production at 270 kt driven by commissioning of debottlenecking projects at Chanderiya & Dariba, the ramp-up of the 160 Ktpa roaster at Debari and better plant availability.
Refined lead production was lower by 11 per cent year-on-year (YoY) mainly on account of ‘pyro operations on lead only mode’ in the previous period. Saleable silver production at 158 metric tonnes was up 10 per cent QoQ in line with lead production.
In the larger trend, the global push towards energy transition is driving robust demand for a variety of critical minerals essential to clean energy technologies.
Metals like copper, aluminium, lithium, nickel, cobalt, graphite, and rare earth elements are witnessing growing demand due to their application in electric vehicles (EVs), batteries, wind turbines, solar panels, and grid infrastructure.
Zinc plays a vital role in scaling these technologies of thefuture,e as it is essential for galvanising steel, supporting clean energy infrastructure like solar and wind, and enabling the manufacturing of EVs, according to the company statement.