Hindustan Copper Q2 Results, Net profit rises 68%, EBITDA margin at 29%
Revenue from operations surged 36% to Rs 518.2 crore versus Rs 381.4 crore in the corresponding previous year quarter.
Hindustan Copper Q2 Results, Net profit rises 68%, EBITDA margin at 29%
State-owned Hindustan Copper Ltd (HCL) has reported a 67.6% YoY, rise in net profit at Rs 101.7 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Hindustan Copper posted a net profit of Rs 60.7 crore, the company said in a regulatory filing.
Revenue from operations surged 36% to Rs 518.2 crore versus Rs 381.4 crore in the corresponding previous year quarter.
At the operating level, EBITDA was up 25.4% to Rs 151.9 crore in the second quarter of this fiscal over Rs 121 crore in Q2 of the previous fiscal. The EBITDA margin stood at 29.3% in the reporting quarter versus 31.8% in the corresponding period of FY24.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
The results came after the close of the market hours. Shares of Hindustan Copper Ltd ended at Rs 273.55, down by Rs 7.55, or 2.69%, on the BSE.
Hindustan Copper Ltd is under the administrative control of the Mines Ministry. It is engaged in copper mining and owns the entire operating mining lease of copper ore. It is also the only integrated producer of refined copper (vertically integrated company).
Read Also : GAIL Honoured with ‘GreenCo Champion Award’