Hindustan Copper jumps as Q1 PAT more than doubles to Rs 113 crore

Revenue from operations rose 33.07% YoY to Rs 493.60 crore in the quarter ended 30 June 2024.

Profit before tax stood at Rs 154.12 crore in June 2024 quarter, up 147.78% from Rs 62.20 crore in same quarter last year.

Total expenses increased 7.38% to Rs 346.32 crore in first quarter of FY25 over same period a year ago.

Materials consumed was at Rs 19.8 crore (up 108.42% YoY) while employee benefits expense was Rs 83.22 crore (up 32.56% YoY) during the period under review.

Hindustan Copper (HCL) is a vertically integrated copper producing company. The principal activities of the company are exploration, exploitation, mining of copper and copper ore including beneficiation of minerals, smelting and refining.