For the December quarter, Hindustan Copper reported a net profit of ₹62.9 crore, a marginal decrease of 0.15% from ₹63 crore the previous year. Compared to the previous year's ₹409.24 crore, total income dropped by over 16% to ₹343.57 crore.
On Saturday, February 8, state-owned Hindustan Copper announced a net profit of ₹62.9 crore for the December quarter, which was 0.15% less than the ₹63 crore it made in the same period last year.Hindustan Copper's overall revenue dropped by about sixteen percent to ₹343.57 crore from ₹409.24 crore in the same period last year.
In Q3FY24, the company's operating revenue dropped slightly to ₹327.77 crore from ₹399.29 crore.
Compared to ₹327.06 crore in the same quarter last year, the overall expenses for the quarter that ended on December 31 came to ₹259.11 crore.
For the third quarter, Hindustan Copper's earnings per share (EPS) were ₹0.65.
Hindustan Copper's stock ended the day Friday, February 7, at ₹244.25.
After C S Singhi's term ended on April 3, 2025, the Hindustan Copper Board selected Mritunjay Kumar Dev, Senior Manager, as the Company Secretary and Compliance Officer in addition to the quarterly results.
Concerning Hindustan Copper
The Ministry of Mines oversees Hindustan Copper Ltd, a public sector enterprise. In 1967, the Indian government incorporated it. The company owns all of the active copper ore mining leases and primarily engages in copper ore mining. It is the sole comprehensive manufacturer of refined copper.
The company manufactures and sells cast copper rods, copper concentrate, copper cathodes, and by-products such sulfuric acid, copper sulfate, and anode slime.
About 80% of India's copper reserves are in the ownership of Hindustan Copper, the only copper mining firm in the nation.
According to a December 5, 2024, Mint story, the Comptroller and Auditor General (CAG) of India expressed concerns about the state-run Hindustan Copper Ltd's operational performance in a report that was presented to parliament in December 2024.
The company's contribution to India's copper production was impacted by the report's notable shortcomings in exploration, mining capacity expansion, and marketing tactics.
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