Hindustan Copper Q3 Net up 83pc to Rs 51 crore
Kolkata, Feb 11 (PTI) State-owned Hindustan Copper Ltd
Monday reported a net profit of Rs 51.35 crore for the third
quarter ended December 2018, up 83 per cent over the
corresponding period profit of last year.
The copper miner had reported Rs 28.13 crore net
profit in the same period of 2017-18.
Revenue from operations during the quarter was at Rs
474.22 crore, as against Rs 430.70 crore in the corresponding
quarter of the previous year.
"Despite high volatility in London Metal Exchange
copper prices and high input costs, the company has shown
robust performance. The growth in profit is primarily due to
HCLs commitment to increase copper ore production and focus
on the sale of high margin products," Hindustan Copper
Chairman and Managing Director Santosh Sharma said.
During April-December'18, Copper ore production was at
30.11 lakh tonne, as against 26.08 lakh tonne in the
corresponding period last fiscal, registering a growth of 15
per cent. PTI BSM