Hindustan Copper Q1 Results, net profit of Rs 113 crore reported

State-run Hindustan Copper Ltd. has reported quarterly earnings for the April-June period whereas for the June quarter, Hindustan Copper's net profit surged to Rs 113 crore from Rs 47 crore last year.

This is despite higher employee expenses, power and fuel costs, and lower other income. The bottom line was aided by an increase in revenue, which grew by 33% from the same period last year to Rs 493.6 crore.

However, on a sequential basis, both revenue and net profit are down from levels of Rs 565 crore and Rs 124 crore respectively.

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The company's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased to Rs 188.3 crore from Rs 83.2 crore.

The EBITDA figure was also down from Rs 208 crore that the company reported in the March quarter. EBITDA margin expanded to 38.2% from 22.4% last year and 36.8% in the March quarter.

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