India, Jan 20 : Vedanta owned Hindustan Zinc reported a strong set of results for the third quarter of FY26, posting a 46 per cent year on year (YoY) jump in net profit to ₹3,916 crore, compared with ₹2,678 crore in the same period last year, the company said in a statement.
On a quarter-on-quarter (QoQ) basis, net profit rose 47.8 per cent from ₹2,649 crore in Q2 FY26 to ₹3,916 crore in Q3 FY26.
Earnings per share (EPS) for the quarter stood at ₹9.27, up from ₹6.34 in Q3 FY25.
Revenue and Segment Performance
Hindustan Zinc’s consolidated total revenue from operations for Q3 FY26 climbed 27.4 per cent YoY to ₹10,980 crore, compared with ₹8,614 crore in the year-ago quarter.
Core revenue from operations rose 27.8 per cent YoY and 28.3 per cent QoQ to ₹10,627 crore, driven by strong performance across key segments.
The silver segment emerged as a major growth driver, with revenue surging 82.5 per cent YoY to ₹2,676 crore, up from ₹1,465 crore a year earlier. Revenue from zinc, lead and other products rose 16.1 per cent YoY to ₹7,932 crore.
Silver prices jumped nearly 52 per cent in global markets during Q3 FY26 and continued to rally, increasing the segment’s contribution to over 25 per cent of total revenue, compared with 17 per cent in the corresponding quarter last year.
Margins, Production and Costs
At the operating level, Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) rose 35 per cent YoY to ₹5,701 crore, from ₹4,200 crore a year earlier. The company’s EBIT margin expanded to 47 per cent, compared with 42 per cent in both the year-ago quarter and the previous quarter.
Hindustan Zinc also recorded an impact of ₹31 crore related to the implementation of new labour codes from November 2025.
The company posted a record third quarter refined metal production of 270 kilotonnes, supported by the commissioning of debottlenecking projects at Chanderiya and Dariba, the ramp up of the 160 KTPA roaster at Debari, and improved plant availability.
Refined lead production declined 11 per cent YoY, largely due to “pyro operations on lead-only mode” in the previous period. Saleable silver production rose 10 per cent QoQ to 158 metric tonnes, in line with higher lead output.
Outlook and Energy Transition Link
The company highlighted that the global energy transition is driving sustained demand for critical minerals used in clean energy technologies, including electric vehicles, batteries, wind turbines, solar power and grid infrastructure.
Zinc, the company said, plays a crucial role in supporting this transition through steel galvanisation, clean energy infrastructure development and electric vehicle manufacturing.