Hindustan Copper Q2 Profit Soars 67% to Rs 102 Cr
By Rediff Money Desk, New Delhi Nov 11, 2024 17:52
Hindustan Copper Ltd (HCL) reported a significant 67.4% rise in consolidated net profit for Q2 FY25, driven by increased revenue from operations. The company's net profit reached Rs 101.67 crore, up from Rs 60.70 crore in the same period last year.
New Delhi, Nov 11 (PTI) State-owned Hindustan Copper Ltd (HCL) on Monday reported a 67.4 per cent rise in consolidated net profit to Rs 101.67 crore for the quarter ended September 30, 2024, on the back of higher revenue from operations.
The company had posted a consolidated net profit of Rs 60.70 crore in the year-ago period, HCL said in a filing to BSE.
Revenue from operations of the company in the July-September period rose to Rs 518.19 crore from Rs 381.40 crore in the corresponding quarter of previous fiscal.
Hindustan Copper Ltd (HCL) is under the administrative control of the mines ministry. It is engaged in mining of copper ore and owns all the operating mining lease of copper ore and is also the only integrated producer of refined copper (vertically integrated company)..
The company has the facilities for production and marketing of copper concentrate, copper cathodes, continuous cast copper rod and by-products, such as anode slime (containing gold, silver, etc.), copper sulphate and sulphuric acid.
Presently, the company is focusing on mining and beneficiation operation and is primarily selling copper concentrate as the main product.
The company had posted a consolidated net profit of Rs 60.70 crore in the year-ago period, HCL said in a filing to BSE.
Revenue from operations of the company in the July-September period rose to Rs 518.19 crore from Rs 381.40 crore in the corresponding quarter of previous fiscal.
Hindustan Copper Ltd (HCL) is under the administrative control of the mines ministry. It is engaged in mining of copper ore and owns all the operating mining lease of copper ore and is also the only integrated producer of refined copper (vertically integrated company)..
The company has the facilities for production and marketing of copper concentrate, copper cathodes, continuous cast copper rod and by-products, such as anode slime (containing gold, silver, etc.), copper sulphate and sulphuric acid.
Presently, the company is focusing on mining and beneficiation operation and is primarily selling copper concentrate as the main product.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 8.29 ( -0.84)
- 38643247
- Srestha Finvest
- 0.63 (+ 5.00)
- 36611024
- Home First Finance
- 1,074.55 (+ 2.10)
- 22560337
- G G Engineering
- 1.85 ( -0.54)
- 20632419
- Ola Electric Mobilit
- 93.26 (+ 6.68)
- 14710812
MORE NEWS
Gold Price Falls Rs 200, Silver Plummets Rs...
Gold prices in India fell Rs 200 to Rs 79,200 per 10 grams on Monday, while silver also...
Vertex Global Services Hires Differently-Abled...
Vertex Global Services aims to integrate 10-12% differently-abled individuals into its...
Fuel Station Monitoring: Govt Deploys Advanced...
India's government has implemented a nationwide monitoring system for fuel stations...