Mining major Hindustan Zinc Limited (HZL) on Monday reported a strong set of numbers for the quarter ended December 31, 2025, driven by record production and robust operational efficiency. The Vedanta-owned company posted a 46.2% year-on-year (YoY) rise in its consolidated net profit, reaching ₹3,916 crore in Q3 FY26, compared to ₹2,678 crore reported in the same quarter last year.

Record-breaking topline performance

During the quarter under review, Hindustan Zinc's revenue from operations surged 27.5% YoY to report its highest-ever quarterly revenue of ₹10,980 crore, up from ₹8,614 crore in Q3 FY25. This growth was primarily propelled by the silver segment, where revenue skyrocketed to ₹2,676 crore from ₹1,465 crore a year ago due to the record rise in silver prices. The core zinc and lead segment also performed strongly, contributing ₹7,932 crore to the topline.

Operational efficiency and margins

The company delivered a record quarterly earnings before interest, tax, depreciation and amortisation (EBITDA) of ₹6,087 crore, up 34% YoY. Hindustan Zinc reported an operating margin of 47% for the quarter, up from 42% in the year-ago period. The net profit margin also strengthened to 35%, up from 31% YoY.

The results included a net exceptional gain of ₹25 crore. This was the result of a ₹56 crore reversal of a previously created provision for environment and health cess, which management, backed by legal opinion, deemed no longer required. This gain was partially offset by a ₹31 crore charge related to the incremental impact of new labour codes on gratuity and leave encashment.

Market reaction

Hindustan Zinc shares ended 3.53% higher at ₹660.25 on the national stock exchange. During intraday trade, the stock jumped 4.64% to hit a high of ₹667.35, inching closer to its all-time record high of ₹670.95.