Hindustan Copper recorded a 77% PBT growth in Q3FY19 over the corresponding quarter in FY18. This was despite high volatility in LME copper prices and high input cost, said Santosh Sharma, CMD. The Net Revenue from operations during the quarter was Rs 1361.48 crore as compared to Rs 1288.96 crore in the same period of 2017-18. The EBITDA margin during April-December’18 was 28% compared to 17% during the corresponding period of the previous fiscal. At the production front, the growth momentum has been maintained. During the period April to Dec ’18, Copper ore production has been 30.11 lakh tonne as against 26.08 lakh tonnes in the corresponding period last fiscal, thus registering a growth of 15%.
Readers' Choice
Gujarat: A major reshuffle of IPS enacted
Ex IAS officer joins BJP; to be fielded against Harsimrat Badal
ECI rejects proposal to appoint Saunik as CS; extension for Kareer sought
Saunik top contender for Maha CS; Kareer to retire on March 31
Now ED raid in Punjab in guava orchard compensation scam
HCL records 77% PBT growth
By IndianMandarins - 2019-02-12 09:14:12
Hindustan Copper recorded a 77% PBT growth in Q3FY19 over the corresponding quarter in FY18. This was despite high volatility in LME copper prices and high input cost, said Santosh Sharma, CMD.
The Net Revenue from operations during the quarter was Rs 1361.48 crore as compared to Rs 1288.96 crore in the same period of 2017-18. The EBITDA margin during April-December’18 was 28% compared to 17% during the corresponding period of the previous fiscal.
At the production front, the growth momentum has been maintained. During the period April to Dec ’18, Copper ore production has been 30.11 lakh tonne as against 26.08 lakh tonnes in the corresponding period last fiscal, thus registering a growth of 15%.
