New Delhi, Oct. 21 -- Hindustan Zinc Ltd's (HZL) earnings are benefiting from three key factors: higher metal prices, lower cost of production (CoP) and improved volumes.

The September quarter (Q2FY27) results were strong, with year-on-year growth in revenue and earnings similar to Q1. Q2's consolidated revenue rose a whopping 77% year-on-year to Rs.15,100 crore. Operating leverage and a sharp drop in production cost meant Ebitda grew 108% to Rs.9,250 crore.

Silver prices on LBMA averaged $62.6 per ounce (oz) in Q2, up nearly 60% year-on-year. Sales volumes rose 24% to 183 tonnes, including 10 tonnes in lead concentrate, following capacity augmentation through debottlenecking projects completed in H2FY26. H1 production of 340 tonnes was...