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Hindustan Copper’s profit increased by 74% in H-1 FY 2018-19

By Indian Mandarins- 13 Nov 2018
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The Profit Before Tax of Hindustan Copper Limited (HCL) during H-1 period of FY 2018-2019 has increased to Rs 104.37 crore from Rs 60.03 crore in the corresponding period of the previous year, thus registering a growth of 74%. The Net Revenue from operations during H-1 of the current fiscal was Rs 887.26 crore as compared to Rs 858.26 crore in 2017-18 of the same period. The EBDITA margin during H-1 period of FY 2018-19 was 28% compared to 16% during corresponding period of the previous fiscal.

 

On the production front, the growth momentum has been maintained. During the period April to Sept 2018, Copper ore production was 19.49 lakh tonne as against 16.10 lakh tonne in the corresponding period of the last year, thus registering a growth of 19%.

 

In the financial results for the 2nd Quarter taken on record by the Board, HCL has achieved a net profit of Rs. 53.40 crore, as against Rs. 43.80 crore in the corresponding quarter of previous fiscal.

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Indianmandarins.com, an initiative of New Media Network, is a multi-media initiative for the fast and real-time dissemination of news and information related to civil services, central PSUs and other institutions that play a critical role in governance, administration, corporate governance, and public life in India. We aspire to provide our esteemed readers with news breaks and situation analysis in the above-mentioned domain of operations. Currently, we are available at www.indianmandarins.com. We are now planning to branch off into print publication and few other related business initiatives.