HCL FY20-21 annual results: registers net profit of Rs 109.98 crore

by Psu Connect
Date: 02-07-21

The company has been able to achieve a total income of Rs. 1821.61 crore in FY 2020-21 as compared to Rs. 888.81 crore in FY 2019-20.

HCL FY20-21 annual results: registers net profit of Rs 109.98 crore

Hindustan Copper Limited (HCL) - a CPSE under the Ministry of Mines

New Delhi: Hindustan Copper Limited (HCL) - a CPSE under the Ministry of Mines, Government of India declared their annual results for FY 2020-21.

The results have reflected a turnaround story. In spite of the Covid-19 pandemic, the company has been able to achieve a total income of Rs. 1821.61 crore in FY 2020-21 as compared to Rs. 888.81 crore in FY 2019-20. The company also achieved a Net profit of Rs. 109.98 crore this year as against a loss of Rs. 569.21 crore in the FY 2019-20.

The company has been able to declare dividends of a total amount of Rs. 33.85 crore to be paid in FY 2021-22, as per the guidelines issued by the Department of Public Enterprises. HCL has been able to reduce its debt burden resulting in a debt-equity ratio of 2.11 reduced from earlier year's 4.21.

The company has also been continuously supporting the Government initiatives and creating the infrastructure required towards mitigation of Covid-19 pandemic nearby its mining units for the local population and for its employees.