Incorporated in the year 1967, Hindustan Copper Limited (HCL) was formed to take over from National Mineral Development Corporation Ltd. It is the first Indian PSU and only vertically integrated copper producing company. HCL is engaged in various processes right from copper mining to the final stage of converting copper into saleable products.
Financial Results:
- Hindustan Copper Ltd reported Revenues for Q1FY24 of ₹371.00 Crores up from ₹348.00 Crore year on year, a rise of 6.61%.
- Total Expenses for Q1FY24 of ₹323.00 Crores up from ₹281.00 Crores year on year, a rise of 14.95%.
- Consolidated Net Profit of ₹47.00 Crores down 17.54% from ₹57.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹0.49, down 16.95% from ₹0.59 in the same quarter of the previous year.
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