Hindustan Zinc Ltd (HZL), a subsidiary of the Vedanta group, reported a significant increase in consolidated net profit on Friday, which more than doubled to 5,469 crore rupees for the quarter ending June 30, 2026. This growth is attributed to higher metal prices and increased metal production volumes.
In the corresponding quarter of the previous fiscal year, the company recorded a net profit of 2,234 crore rupees. According to HZL's regulatory filings, the net profit for the current quarter was 5,469 crore rupees, representing a 145 percent increase compared to the same period last year.
HZL's revenue for the first quarter increased by 71.6 percent, reaching 13,033 crore rupees compared to over 7,591 crore rupees the previous year. The company explained the revenue growth as being caused by higher metal prices, increased metal production, the sale of lead concentrate, increased byproduct income, and the strengthening of the dollar.
The board of directors also appointed Amarendra Prakash, former Chairman and Managing Director of SAIL, as the Chief Executive Officer and a full director of Hindustan Zinc starting August 1, 2026. Additionally, the company announced that Amit Gupta took the position of Finance Director of Hindustan Zinc Ltd on June 1.
The company's CEO, Arun Mishra, noted that bottleneck elimination initiatives continue to improve refined metal production and strengthen the company's position as one of the world's lowest-cost zinc producers. He emphasized that given that demand for zinc is supported by infrastructure and the energy transition, the company remains committed to ensuring responsible growth and long-term value for stakeholders.
HZL's CFO, Amit Gupta, stated that Hindustan Zinc demonstrated a strong quarter. This performance reflects the company's unwavering focus on operational excellence, cost competitiveness, and disciplined financial management. Gupta added that thanks to a strong balance sheet and prudent capital allocation, the company is well-positioned to ensure stable growth and continue generating sustainable long-term value for its stakeholders.
Hindustan Zinc is the world's largest integrated zinc producer and ranks among the top ten global silver producers. The company supplies to over 40 countries and holds approximately a 74 percent share in the primary zinc market in India.
The IT services company Infosys reported higher profits and revenue for the June quarter; however, its figures fell below the forecasts of Bloomberg analysts. Furthermore, the company lowered the upper bound of its revenue growth forecast for the 2027 fiscal year.
Amid ongoing global uncertainty and moderate consumer demand, Infosys adjusted its revenue forecast for the 2027 fiscal year, setting a growth range of 1.5% to 3%. For the first quarter ending June 30, 2026, Infosys demonstrated a year-on-year net profit growth of 12.2%, reaching 7,769 crore rupees. However, compared to the previous period, profit decreased by 8.6%.
The company's revenue increased by 14% year-on-year, amounting to 48,211 crore rupees. This growth was largely driven by the life sciences and financial services sectors. Geographically, the US saw a 3.2% growth, and Europe saw a 2.8% growth at constant currency.
The company's results did not meet the estimates of Bloomberg analysts for both revenue and profit. Bloomberg had forecasted revenue at 48,318 crore rupees and net profit at 7,834 crore rupees. Salil Parekh, Managing Director and CEO, noted that 'the AI momentum is now rapidly translating into revenue, demonstrating how Infosys' differentiated value proposition in enterprise AI is transforming into sustainable market share growth. Significant wins in large deals, underpinned by Infosys Topaz, strengthen client confidence in our ability to act as a strategic partner for AI-driven transformation, delivering tangible business value.'
Additionally, Infosys announced a Total Contract Value (TCV) of $3.6 billion, exceeding the $3.2 billion recorded in the fourth quarter of the 2026 fiscal year. Jayesh Sanghradka, Chief Financial Officer, emphasized: 'Our sustained margins of 21.1% and consistently strong cash generation reflect the strength of our business model, disciplined execution, and continuous focus on operational excellence in a complex business environment.'
He added that the company is accelerating investments in AI, talent, and platforms to drive future growth, remaining committed to improving productivity, expanding operating leverage, and maintaining the financial flexibility necessary to capitalize on emerging opportunities and ensure sustainable shareholder value.
Nestle India, a major player in the FMCG sector, reported significant growth in its figures for the June quarter of the current fiscal year. The company recorded a year-on-year growth in consolidated net profit of 48.26 percent, reaching ₹958.68 crore.
According to regulatory filings, in the corresponding period last fiscal year, the company showed a consolidated net profit of ₹646.59 crore. In the first quarter of FY27, Nestle India's revenue from product sales increased by 25.4 percent, amounting to ₹6,363.27 crore, compared to ₹5,073.96 crore the previous year.
Manish Tiwari, Chairman and CEO, noted that the strong quarter was driven by a 25.4 percent sales increase, which was attributed to higher sales volumes. He emphasized that sustained consumer trust in the company's brands and focus on execution allowed these results to be achieved. Despite ongoing geopolitical difficulties, exports demonstrated a growth of 35.6 percent.
Nestle India's total revenue in the first quarter of FY27 reached ₹6,400.65 crore, which is 25.5 percent higher than the figure in the same period last year (₹5,100.33 crore). Meanwhile, the company's total expenses in the quarter under review increased by 20.71 percent, totaling ₹5,070.03 crore.
Nestle India's domestic sales grew by 25 percent, reaching ₹6,073.05 crore in the June quarter of FY27, compared to ₹4,860.01 crore in the previous fiscal year. The company's export revenue increased by 35.64 percent, amounting to ₹290.22 crore. Nestle India's earnings report indicated that all four product groups showed confident double-digit growth, supported by high double-digit growth across all channels.
According to Tiwari, during the quarter, Nestle India continued to accelerate operational cost savings and increase investments in its brands, with advertising expenses rising by more than 40 percent. The EBITDA margin stood at 24.2 percent. At the same time, Nestle India shares were trading on BSE in the morning at ₹1,497.80, which was 3.08 percent higher than the previous day's close.
Shyam Metalics and Energy Ltd announced its first-quarter results, noting a 20.6 percent growth in consolidated profit after tax, reaching ₹350.73 crore for the quarter ending June 30, 2026. Previously, in the same period last year, the profit was ₹290.67 crore.
The company's revenue increased to ₹5,502.18 crore compared to ₹4,476.60 crore in the corresponding quarter of the previous fiscal year, as stated in the documentation filed with BSE. The Board of Directors approved the payment of the first interim dividend of ₹1.80 per share for 2026-27 at a meeting on Monday.
Furthermore, an increase in capital amounting to up to ₹4,500 crore was approved through the issuance of shares, debentures, or equity-linked instruments. The company specified that the fundraising could include convertible or non-convertible preference shares, as well as fully or partially convertible bonds.
Chairman and Managing Director Bridge Bhushan Agarwal stated that the first quarter of FY27 started on a strong footing due to disciplined execution, operational excellence, and the robustness of the integrated business model. He noted that during the quarter, revenue, EBITDA, and profit after tax grew by 23%, 28%, and 21% respectively year-on-year. An improvement in EBITDA margin by 100 basis points was also noted, supported by a sustained increase in operating efficiency.
Agarwal added that thanks to a strong financial position, a diversified portfolio, and a clearly defined growth plan, the company is well-positioned to capitalize on emerging opportunities and create sustainable long-term value for all stakeholders. The group is engaged in the production of steel and related products, including pellets, sponge iron ore, MS billets, TMT, and long products, special alloys, coated sheets, aluminum foil, cast iron, stainless steel, as well as generating power for its own consumption.
