Hindustan Zinc Ltd., the world’s largest integrated zinc producer, delivered a quarter of record-breaking operational and financial performance for the three months ended September 30, 2025 (Q2 FY26). The company stated this strong quarter reflects continuous operational excellence and strategic diversification.

The company’s Revenue from Operations reached its highest-ever level for the second quarter at ₹8,549 crore up 4% year-on-year, primarily driven by higher commodity prices, a stronger US dollar, and better realisations from by-products.

EBITDA also hit its best-ever level for the second quarter at ₹4,467 crore, up 7% year-on-year. This 7% sequential growth was the result of higher commodity prices, a lower cost of production, softened input commodity prices, and a stronger dollar. The company maintained an attractive industry-leading EBITDA margin of 52%.

The strong operational performance translated directly to the bottom line, with Profit After Taxes (PAT) surging 14% year-on-year to ₹2,649 crore. The company noted that silver contributes approximately 40% of its overall profit, positioning it well to capitalize on commodity tailwinds.

Operational efficiency saw major gains as the company clocked its 5-year lowest Q2 Zinc cost of production (COP) at $994 per tonne. This 7% YoY improvement was attributed to softened input commodity prices and higher by-product realisations.

Production achieved a major milestone, with Mined Metal Production hitting its best-ever Q2 volume of 258 thousand tonnes (Kt), an increase of 1% year-on-year. This growth was complemented by progress on key expansion projects, including the commissioning of the 160 Ktpa Roaster at Debari and the completion of debottlenecking at the Dariba Smelting Complex. The company has also been included in the Nifty 100 and Nifty Next 50 indices effective September 30, 2025.

Over the last five years, this stock has delivered multibagger returns of more than 135%.

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