Hindustan Zinc beats estimates, strong results lift outlook for parent Vedanta
Hindustan Zinc, a Vedanta unit, posted Q2 FY27 EBITDA above market forecasts. According to Moody's, analysts raised estimates and target prices after the report.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Hindustan Zinc, a unit of the Vedanta Group, reported second-quarter results for fiscal 2026-27 that beat market expectations, with EBITDA of Rs 9,290 crore, up 14.2% from the previous quarter. Consensus had expected growth of only 6.9%. Analysts said the main driver was a fall in zinc production cost to $703 per tonne from $851 in the first quarter, along with higher silver and lead volumes, which rose 16.1% and 8.5% quarter on quarter.
Shweta Dixit of Systematix Institutional Equities said revenue of Rs 14,582 crore was 12% above her estimate. Systematix raised its FY27 EBITDA forecast by 23% and set a revised target price of Rs 677 per share. Emkay Global Financial Services noted that Hindustan Zinc generates about 90% of Vedanta's EBITDA and kept a buy rating on the parent with a target price of Rs 350.
why it matters
The key point for Vedanta is its dependence on a single asset, so zinc and silver prices directly shape group earnings. Emkay said zinc is 23% and silver 28% above their FY26 averages. A weaker rupee also lifts rupee-denominated revenue for the metals exporter.
market impact
Vedanta and metals: strong Hindustan Zinc earnings support the group's shares and depend on zinc and silver prices
tags
instruments
sources
- Why should you buy Vedanta shares despite strong Hindustan Zinc Q2 results 2026? Experts' views, target price — Moody's, 20 October 2026 at 08:19 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗