New Delhi, July 27 -- Hindustan Zinc's operating revenue surged 77% year-on-year to Rs.13,747 crore in the June quarter (Q1FY27). Ebitda more than doubled to Rs.8,074 crore-its highest ever. But the stock declined marginally post results, taking the loss to 12% so far in 2026. What gives?

The answer lies in what drove the earnings surprise. Higher commodity prices and currency movements took Q1FY26 Ebitda of Rs.3,860 crore to Rs.7,666 crore adjusted Ebitda in Q1FY27, which further rose to Rs.8,074 crore due to higher volumes and lower costs.







Sure, the company clocked $851 per tonne in Q1FY27 as the cost of zinc production, excluding royalty-the lowest since its underground transition. This was driven by better mined grades, 4% hig...