Hindustan Zinc Limited Earnings Summary — Q1 FY2027
Hindustan Zinc Q1 FY27 Net Profit Surges 145% YoY to ₹5,469 Crore Amid Strong Recovery
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 5 consecutive quarters.
- Revenue of ₹13,747 Cr is 76.9% higher year-on-year.
- Revenue has compounded at 30.5% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹5,469 Cr is 144.8% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 55.1% annualised across the period.
- Operating margin stands at 58.6% in Q1 FY2027.
- Operating margin expanded by 890 bps year-on-year.
- Over the last two years operating margin has expanded by 1002 bps.
- PBT margin is 53.2%.
- Expense growth of 45.6% remained below revenue growth of 76.9%.
- Operating profit of ₹8,050 Cr is 108.6% higher year-on-year.
- Operating leverage continues to improve.
- 5 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 87/100 (Excellent) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Accelerating | 13,747 | 13,544 | 10,980 | 8,549 | 7,771 | 9,087 | 8,614 | 8,252 | 8,130 | 7,549 |
| Expenses | Improving | 5,697 | 5,838 | 4,926 | 4,104 | 3,912 | 4,267 | 4,115 | 4,129 | 4,184 | 3,900 |
| Operating Profit | Accelerating | 8,050 | 7,706 | 6,054 | 4,445 | 3,859 | 4,820 | 4,499 | 4,123 | 3,946 | 3,649 |
| Operating Margin | Stable | 58.6% | 56.9% | 55.1% | 52.0% | 49.7% | 53.0% | 52.2% | 50.0% | 48.5% | 48.3% |
| Other Income | Accelerating | 316 | 280 | 318 | 238 | 279 | 227 | 218 | 187 | 268 | 273 |
| Interest | Softening | 132 | 187 | 195 | 259 | 240 | 251 | 285 | 303 | 256 | 262 |
| Depreciation | Stable | 920 | 1,048 | 947 | 882 | 913 | 1,014 | 905 | 877 | 844 | 937 |
| Profit Before Tax | Strong Uptrend | 7,314 | 6,751 | 5,230 | 3,542 | 2,985 | 3,782 | 3,527 | 3,130 | 3,114 | 2,723 |
| Tax | Strong Uptrend | 1,845 | 1,718 | 1,314 | 893 | 751 | 779 | 849 | 803 | 769 | 685 |
| Net Profit | Strong Uptrend | 5,469 | 5,033 | 3,916 | 2,649 | 2,234 | 3,003 | 2,678 | 2,327 | 2,345 | 2,038 |
| Net Margin | Improving | 39.8% | 37.2% | 35.7% | 31.0% | 28.8% | 33.0% | 31.1% | 28.2% | 28.8% | 27.0% |
Key Takeaways
- Revenue from operations grew 77% YoY to ₹13,747 crore, driven primarily by strong performance in the Zinc, Lead and Silver segments.
- Silver segment revenue reached ₹3,839 crore, contributing significantly to the overall segment results.
- Operating margins expanded to 52% from 38% in the same quarter last year, reflecting improved cost efficiencies and market pricing.
- Declared and accounted for an interim dividend of ₹11 per equity share, totaling ₹4,648 crore for FY 2026-27.
- The Enforcement Directorate (ED) conducted a search and seizure operation in June 2026; the company has cooperated and reports no further communication.
- Management addressed SEBI observations regarding related party transactions with corrective measures reviewed by the Board.
- Debt-to-Equity ratio improved to 0.31x compared to 1.19x in the year-ago period, indicating a stronger balance sheet.
Management Guidance
Management remains focused on maintaining its low cost-curve position and progressing toward 'Zinc City' and ESG goals. Operational focus is on complex underground mining at Rampura Agucha to maintain a 75% domestic market share.
Sentiment Shift
Improving
Significant YoY growth in net profit and revenue, coupled with margin expansion and reduced leverage, indicates a strong start to the new fiscal year.
Outlook
The company is positioned as the world's 2nd largest integrated Zinc producer. Growth is supported by fully integrated operations and high-quality underground assets, though it remains sensitive to LME price volatility and parent company capital requirements.
From the Annual Report (Key Quotes)
“The report of the Auditors is with unmodified opinion with respect to the Financial Results.”
“Corrective measures have been taken and presented to the Audit & Risk Management Committee... expressed satisfaction with the actions taken to address SEBI’s observations.”
“The Group extended full cooperation to the ED officials and provided the information and documentation sought.”
Official Quarterly Documents
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This summary is AI-generated from Hindustan Zinc Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.