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Hindustan Zinc delivers 14% YoY PAT growth in Q2

HZL’s Q2 PAT up 14%, silver contribution drives earnings; stock rallies late.
Hindustan Zinc (HZL) posted a consolidated net profit of ₹2,649 crore for Q2 FY26, rising 14% year-on-year. Revenue from operations increased ~3.5%. Earnings were aided by resilient zinc and silver prices. Notably, silver contributed ~₹1,060 crore of the profit, making up about 40% of the earnings boost. The stock trended positively into market close, helping the metals pack outperform in the final hour. The result is viewed as validating HZL’s diversified base metals play.