Latest news with #HindustanCopperLtd
Business Upturn
28-05-2025
- Business
- Business Upturn
Hindustan Copper shares jump 3% as Q4 net profit rises 53% YoY to Rs 1.9 crore
By Aman Shukla Published on May 28, 2025, 09:25 IST Hindustan Copper Ltd (HCL) shares rose nearly 3% in morning trade following the release of its Q4 FY25 earnings, reflecting robust financial performance. As of 9:23 AM, the shares were trading 3.22% higher at Rs 252.97. The state-owned Miniratna company posted a 53.2% year-on-year (YoY) surge in net profit at ₹1.9 crore for the quarter ended March 31, 2025, compared to ₹1.2 crore in the same quarter last year. The company's revenue from operations saw a healthy growth of 29%, reaching ₹7.3 crore in Q4FY25, up from ₹5.6 crore in Q4FY24. This strong top-line performance reflects improved demand and operational efficiency. HCL's earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 19% YoY to ₹266.7 crore, up from ₹224 crore. However, the EBITDA margin slipped to 36.5% from 39.6%, a contraction of around 300 basis points, indicating a rise in input costs or other operational expenses. On an annual basis, Hindustan Copper reported a net profit of ₹4.6 crore for FY25, marking a significant 58% jump from ₹2.9 crore in FY24. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
28-05-2025
- Business
- Time of India
EV and renewable energy push to increase domestic copper demand: Hindustan Copper MD
The push for renewable energy and electric vehicles is expected to boost domestic consumption of copper, according to Sanjiv Kumar Singh, chairperson and managing director of Hindustan Copper Ltd (HCL). Singh told ET on Tuesday that HCL is eyeing greenfield exploration blocks in Chhattisgarh, Rajasthan and Jharkhand. 'Rising copper demand , arising out of renewable energy and electric vehicles, is expected to boost copper consumption,' he said. HCL is targeting roughly 15-20% higher copper ore annual production at around 4 million tonnes for 2025-26. The company on Tuesday reported Rs 467.42 crore consolidated net profit for 2024-25, 58% higher than 2023-24 levels. On copper price trends, Singh said Indian domestic copper prices have been on an upward trend. 'Prices have fluctuated over the past year, with notable highs and lows, but the overall trajectory suggests a rebound in line with global trends,' he said. The average London Metal Exchange (LME) price in 2023-24 was $8,362 per tonne. It rose by 12% to $ 9,370 per tonne in 2024-25. Sector watchers predict copper prices will continue to rise due to constrained mine supply and growing demand from EVs. 'Some analysts expect copper prices could reach new highs, potentially breaching the $10,000-per tonne mark, if trade tensions ease and global economic growth continues,' Singh said, adding that HCL's product is directly linked to LME. 'HCL is ramping up its mining capacity to 12.2 million tonnes per annum (mtpa) with significant expansions at its all three mining unit,' he said. HCL recently restarted the Surda Copper Mine and awarded mine development operator (MDO) contract on revenue share for production of 3 mtpa copper ore from its Rakha Copper Mine, Singh said. On net zero plans, Singh said HCL has surpassed its emission reduction target for 2024–25. 'This was possible by achieving over 5% average annual green-house gas (GHG) emission reduction by commissioning a 6.5 MW solar power plant.'
Time of India
27-05-2025
- Business
- Time of India
Green energy, EV push to fuel local copper demand: Hind Copper MD
The push for renewable energy and electric vehicles is expected to boost domestic consumption of copper, according to Sanjiv Kumar Singh, chairperson and managing director of Hindustan Copper Ltd (HCL). Singh told ET on Tuesday that HCL is eyeing greenfield exploration blocks in Chhattisgarh, Rajasthan and Jharkhand. "Rising copper demand , arising out of renewable energy and electric vehicles, is expected to boost copper consumption," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Blackpool This Tip Helps Ease Joint Pain Fast Jupiter Labs Learn More Undo HCL is targeting roughly 15-20% higher copper ore annual production at around 4 million tonnes for 2025-26. The company on Tuesday reported ₹467.42 crore consolidated net profit for 2024-25, 58% higher than 2023-24 levels. On copper price trends, Singh said Indian domestic copper prices have been on an upward trend. Live Events
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Business Standard
27-05-2025
- Business
- Business Standard
Hindustan Copper Q4 results: Profit jumps 52% to ₹189 cr on higher income
State-owned Hindustan Copper Ltd on Tuesday reported a 51.8 per cent increase in consolidated profit at Rs 189.48 crore for the quarter ended March 31, 2025. The company had posted consolidated profit of Rs 124.75 crore in the year-ago period. The consolidated income of the company during the fourth quarter rose to Rs 777.28 crore, over Rs 585.22 crore in the year-ago period, Hindustan Copper said in a regulatory filing. The total expenses of the company during the quarter under review rose to Rs 518.75 crore, over Rs 401.49 crore in the year-ago period. Hindustan Copper is a Mini-Ratna Central Public Sector Enterprise (CPSE) under the administrative control of the mines ministry. It is the only company in the country engaged in copper ore mining and holds all the operating mining leases for copper ore in the country. The company operates copper mines at Malanjkhand (Madhya Pradesh), Khetri (Rajasthan) and Ghatsila (Jharkhand). It has facilities of a primary smelter and refinery at Ghatsila, secondary smelter and refining facilities at Jhagadia (Gujarat), and a continuous cast copper wire rod plant at Taloja (Maharashtra). Operations at the Jhagadia and Ghatsila smelting/refining facilities have been suspended since 2019 due to business considerations. The operations at the Taloja plant are currently limited to third-party tolling activities. As of March 31, 2025, the authorized capital of the company stood at Rs 1,100 crore, with a paid-up capital of Rs 483.51 crore. The Centre holds a 66.14 per cent stake in the company.
