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Hindustan Copper Ltd Q3FY24; 21% fall in Profits

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 Q3FY24 of ₹399.00 Crores down from ₹557.00 Crore year on year, a fall of 28.37%.

Total Expenses for Q3FY24 of ₹327.00 Crores down from ₹457.00 Crores year on year, a fall of 28.45%.

Consolidated Net Profit of ₹63.00 Crores down 21.25% from ₹80.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.65, down 21.69% from ₹0.83 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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