Hindustan Copper, a state-owned company, revealed its Q3 results. It reported a net profit of Rs 62.9 crore for the quarter that ended in December, which was 0.15 percent less than the Rs 63 crore it made in the same period last year.
Compared to Rs 409.24 crore in the same quarter last year, Hindustan Copper's overall revenue fell by about 16% to Rs 343.57 crore.
In Q3FY24, the company's operating revenue dropped slightly to Rs 327.77 crore from Rs 399.29 crore. Compared to Rs 327.06 crore in the same quarter last year, the overall expenses for the quarter that ended on December 31 came to Rs 259.11 crore. Hindustan Copper reported an earnings per share (EPS) of Rs 0.65 for the third quarter.
Additionally, the Hindustan Copper Board has appointed Mritunjay Kumar Dev, Senior Manager, as the new Company Secretary and Compliance Officer, effective from April 3, 2025, following the conclusion of C.S. Singhi's tenure.
Shares of the company are trading lower by 2.69% at Rs 237.72. The dividend yield is at 0.39%.