Revenue from operations surged 76.5% YoY to ₹15,093 crore, outpacing the ₹13,967 crore estimate.
EBITDA more than doubled to ₹9,248 crore from ₹4,445 crore, exceeding the ₹8,520 crore forecast.
The company hit a record second‑quarter mined metal production of 271,000 tonnes, up 5% from last year, reinforcing its market dominance.
In a sector where zinc producers averaged 4% revenue growth, Hindustan Zinc led with 76.5% YoY revenue expansion, a stark outlier.
Morgan Stanley lifted its target price to ₹1,120 per share from ₹1,100, citing the earnings surge and production upside as catalysts for upside potential.