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Hindustan Copper Q4net profit jumps 85pc, Stock Up

The State-owned miner, Hindustan Copper Limited on Tuesday reported an 85pc rise in its standalone net profit to Rs40.46crore in the fourth quarter (Q4) of 2018-19 as compared to Rs21.92crore in the year-ago period. The Company’s operational revenue during the quarter under review reportedly was at Rs 454.77crore, up by 19pc from Rs381.52crore in the equivalent period of 2017-18.

The Company said its net profit for FY19 was Rs145.74crore with an increase of 83pc over the previous year and its operations posted noteworthy increase in EBITDA margin during the last financial year as it margin stood at 30pc, V/s to 19pc achieved in the FY18.

At 10.50am, shares of Hindustan Copper Ltd shares quoted at Rs 46.30, up 2.32% on NSE, from its previous close of Rs45/-

Meantime, Sensex traded at 39699-level, down 50 points and the Nifty at 11914-level, down 14 points.

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