State-owned Hindustan Copper on Saturday, February 8 reported a web revenue of ₹62.9 crore for the quarter that ended on December, a fall of 0.15% per cent from ₹63 crore in the identical quarter of the earlier 12 months.
The whole revenue of Hindustan Copper dipped almost 16% to ₹343.57 crore towards ₹409.24 crore within the corresponding quarter of the earlier 12 months.
The corporate’s income from operations fell marginally to ₹327.77 crore from ₹399.29 crore in Q3FY24.
The whole bills stood at ₹259.11 crore for the quarter ended on December 31 from ₹327.06 crore within the corresponding quarter final 12 months.
Earnings per share (EPS) for Hindustan Copper stood at ₹0.65 for Q3.
On Friday, February 7, the shares of Hindustan Copper closed at ₹244.25.
Together with the quarterly outcomes, the Hindustan Copper Board appointed Mritunjay Kumar Dev, Senior Supervisor because the Firm Secretary and Compliance Officer after the expiry of the tenure C S Singhi from April 3, 2025 onwards.
About Hindustan Copper
Hindustan Copper Ltd is a public sector firm administered by the Ministry of Mines. It was included by the federal government of India in 1967. The corporate largely offers within the mining of copper ore and has possession of all of the working mining leases of copper ore. It’s the solely built-in producer of refined copper.
The corporate produces and markets copper focus, copper cathodes, solid copper rods and by-products, together with anode slime, copper sulphate and sulphuric acid.
Hindustan Copper, the only copper mining firm within the nation, controls about 80% of India’s copper reserves.
In December 2024, the Comptroller and Auditor Basic (CAG) of India raised considerations over the operational efficiency of state-run Hindustan Copper Ltd in its report tabled in parliament, Mint reported on December 5, 2024.
The report highlighted important lapses in exploration, mining capability enhancement, and advertising and marketing methods, impacting the corporate’s contribution to copper manufacturing in India.
