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Hindustan Copper Q2 Results | EBITDA was up 25.4% at ₹151.9 crore over ₹121 crore in Q2 of the previous fiscal. Shares of Hindustan Copper Ltd ended at ₹273.55, down by ₹7.55, or 2.69%, on the BSE.
State-owned Hindustan Copper Ltd (HCL) on Monday (November 11) reported a 67.6% year-on-year (YoY) jump in net profit at ₹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 ₹60.7 crore, the company said in a regulatory filing. Revenue from operations surged 36% to ₹518.2 crore versus ₹381.4 crore in the year-ago period.
At the operating level, EBITDA was up 25.4% to ₹151.9 crore in the second quarter of this fiscal over ₹121 crore in Q2 of the previous fiscal.
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The EBITDA margin stood at 29.3% in the reporting quarter versus 31.8% in the corresponding period of FY24. EBITDA is earnings before interest, tax, depreciation, and amortisation.
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).
The company has the facilities for the production and marketing of copper concentrate, copper cathodes, continuous cast copper rods and by-products, such as anode slime (containing gold, silver, etc.), copper sulphate and sulphuric acid.
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The results came after the close of the market hours. Shares of Hindustan Copper Ltd ended at ₹273.55, down by ₹7.55, or 2.69%, on the BSE.
(Edited by : Shoma Bhattacharjee)
