Hindustan Copper Q2 results: Net profit jumps over 67% YoY to ₹102 crore

State-owned Hindustan Copper on Monday, November 11 reported a net profit of ₹101.67 crore for the quarter that ended on September 30, a jump of 67. 4 per cent from ₹60.70 crore in the same quarter of the previous year.

The total income of Hindustan Copper jumped nearly 40 per cent to ₹550.05 crore against ₹392.55 crore in the corresponding quarter previous year.

The company's revenue from operations rose to ₹518.19 crore, a rise of 35.8 per cent. The revenue from operations was the same quarter previous year was ₹381.40 crore.

The total expenses stood at ₹414.72 crore for the quarter ended on September 30 from ₹309.9 crore in the corresponding quarter last year.

Earnings per share (EPS) for Hindustan Copper stood at ₹1.05 for Q2, an increase of 66.6% YoY.

The shares of Hindustan Copper closed at ₹273.55 on Monday, November 11.

Hindustan Copper Ltd is a public sector company administered by the Ministry of Mines. It was incorporated by the government of India in 1967. It majorly deals in the mining of copper ore, and has ownership of all the operating mining leases of copper ore. It is the only integrated producer of refined copper.

The company engages in production and marketing of copper concentrate, copper cathodes, cast copper rod and by-products, including anode slime, copper sulphate and sulphuric acid.