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Hindustan Copper Q3 reports at Rs 82.18 cr

By IndianMandarins- 14 Feb 2024


Kolkata (14.02.2024): The Board of Hindustan Copper Limited (HCL) in its meeting held in Kolkata on Tuesday approved the Financial Results for the third quarter of the current fiscal year 2023-24. During the quarter, financial and physical performance of the Company has been improved upon.
The Profit Before Tax achieved during the quarter ending December 2023 was Rs 82.18 crore on a turnover of Rs 394.26 crore. The turnover was around 6 per cent higher than the immediate preceding quarter. Similarly, the PBT achieved in nine months ending December 2023 was Rs 227.14 crore on a turnover of Rs 1132.14 crore. This is despite the fact that the company paid a land tax arrears of Rs 15 crore and increased Royalty on account of renewal of mining lease for 20 years at its flagship project at Malanjkhand, Madhya Pradesh.
On the production front, the growth momentum has been maintained. During the nine months ended December 2023, mine production in terms of Copper ore and Metal-in-concentrate has increased by around 21 per cent and 5 per cent, respectively as compared to the corresponding period of the last year.

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