Shares of Hindustan Copper Ltd rose 1% to the touch a day’s excessive of Rs 228.75 on twenty third Might after the agency yesterday (twenty second Might) mentioned it can contemplate elevating to Rs 500 crore by the issuance of non-convertible debentures (NCDs) or bonds on a non-public placement foundation, at its upcoming board assembly scheduled for twenty seventh Might.
The fundraising plan will contain secured or unsecured NCDs/bonds and require shareholder approval.
EBITDA margin jumped over 600 foundation factors year-over-year to 39.95% within the March quarter, because of a major value discount.
Worker and energy & gas prices fell by 21% every, whereas different bills dropped by 4%, aiding working efficiency.
Nonetheless, internet revenue declined 6% year-over-year to Rs 124.8 crore, impacted by a 62% fall in different revenue, whereas income stayed flat at Rs 565 crore.
As of March 2024, the federal government holds 66.14% of Hindustan Copper, adopted by LIC (6.88%), international establishments (3.13%), and Quant Mutual Fund (2.38%).
At 10:54 AM, the shares of Hindustan Copper had been buying and selling 0.68% larger at Rs 228 on NSE.
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