Hindustan Copper Q1 Results, net profit of Rs 113 crore reported
However, on a sequential basis, both revenue and net profit are down from levels of Rs 565 crore and Rs 124 crore respectively.
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.
Read Also : Coal Ministry Achieves 411.62 MT Production in FY 2024-25The 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.
Read Also : Need for adopting multi-pronged strategy for Research & Development in Defence sector: BEL CMDNews Must Read
- NLCIL plans three fold increase in its total power generation capacity by 2030
- DVC enters into financial collaboration with State Bank of India
- IREDA Signs MoU with SJVN and GMR for 900 MW Hydropower Project in Nepal
- IREDA Signs MoU with SJVN and GMR fo Hydro Project in Nepal
- SJVN CMD visited 1320 MW Buxar Thermal Power Project
- Petroleum Minister Hardeep S Puri Highlights India’s Bioenergy Progress
- NBCC bags orders worth Rs. 182.50 Crore
- OMCs increases price of 19 kg commercial LPG cylinder by Rs 39
- HUDCO Issues Record Date For Dividend, Shares Rise 118% YTD
- NTPC Bongaigaon to Support TB Eradication Efforts; Partners with District Administration, Kokrajhar