From mint · Dhanya Nagasundaram · · 1m 30s
Vedanta Shares Rise After Hindustan Zinc Beats Estimates
Hindustan Zinc's Q2 profit surge boosts Vedanta shares with Emkay Global's Buy rating.
In brief
Hindustan Zinc's Q2 profit surge boosts Vedanta shares with Emkay Global's Buy rating. Emkay Global maintains Buy rating on Vedanta with ₹350 target after Hindustan Zinc's Q2 profit jumped 142% year-on-year. Originally reported by mint.
Hindustan Zinc Q2 Results
Hindustan Zinc reported a 142% year-on-year increase in consolidated net profit to ₹6,412 crore for Q2 ended 30 September 2026.
“₹6,412 crore”
Revenue Growth
Revenue from operations rose 76.5% to ₹15,093 crore from ₹8,549 crore in the previous year.
“₹15,093 crore”
EBITDA Performance
Hindustan Zinc's EBITDA rose 14.2% sequentially to ₹9,290 crore, beating estimates by 6.9% and consensus by 9.2%.
“₹9,290 crore”
Cost of Production
Zinc production costs fell to $703 per tonne in Q2 from $851 per tonne in the June quarter.
“$703 per tonne”
Emkay Global Rating
Emkay Global retained its Buy rating on Vedanta with a ₹350 target price, implying 44% upside from current ₹243 share price.
“₹350 target”
Zinc Cost Guidance
Hindustan Zinc reduced FY27 zinc cost-of-production guidance to $825, 850 per tonne from $975, 1,000 per tonne.
“$825, 850 per tonne”
Silver Production
Hindustan Zinc delivered 340 tonnes of silver in first half of FY27 with target of 680 tonnes for full year.
“340 tonnes”
Price Outlook
Zinc and silver prices are 23% and 28% above FY26 averages, supporting earnings growth through Q4 FY27.
“23% above FY26”
What Investors Should Watch
Sustainability of zinc and silver prices, production guidance, and silver price corrections will determine earnings momentum through FY27.
“earnings momentum”
The key point
Emkay Global maintains Buy rating on Vedanta with ₹350 target after Hindustan Zinc's Q2 profit jumped 142% year-on-year.
