HINDUSTAN COPPER LTD

hcl-pays-dividend-for-2018-19,-highest-in-last-five-years

HCL pays dividend for 2018-19, highest in last five years

Union minister for mines Pralhad Joshi has received a dividend of Rs 36.59 crore on a share holding of 76.05% on behalf of the government from Santosh Sharma, CMD, HCL. Anil Mukim, Secretary (Mines) was also present on the occasion besides some senior HCL officials.

 

The total payout by HCL on account of dividend related to 2018-19 is Rs 58.00 crore consisting of dividend Rs 48.11 crore and dividend tax Rs 9.89 crore. This is the highest dividend paid by the company in the past five years. During 2018-19, the company recorded ore production of 41.22 lakh tonnes which was the highest ever in last 21 years.

10 Sep 2019
hind-copper:-net-profit-for-fy-2018-19-jumps-83%

Hind Copper: Net profit for FY 2018-19 jumps 83%

The audited financial result of Hindustan Copper Limited (HCL) for the financial year 2018-19 was approved by its Board of Directors in the meeting held on May 28, 2019. The Net Profit for the financial year 2018-19 was Rs 145.74 crore with an increase of 83% over last year.

 

The Company’s Net Revenue from operations was Rs 1816.25 crore in 2018-19 which is best ever since its inception and is 9% higher than Rs 1670.48 crore last year. During the Q4, HCL has posted Profit Before Tax of Rs 74.63 crore compared with Rs 33.88 crore in Q4 of the corresponding period last year. The Company’s operations have posted significant increase in EBIDTA margin, during FY 19, the margin was 30% compared to 19% achieved in the last year. Operating Profit Margin during FY 19 was 14.19% compared to 6.23% achieved last year.

 

During the FY 2018-19, the Company achieved a robust physical performance. The Copper Ore production was 41.22 lakh tonne which is highest in last 21 years and 12% higher than last year’s 36.75 lakh tonne. The achievement of Ore production is in line with the production ramp-up plan of the Company to 200 lakh tonne.

 

Total Copper sales volume was 38,273 MT which is the highest in last 9 years and 5% higher than last year’s 36,435 MT. During 2018-19, the Company earned record foreign exchanges of Rs 842.67 crore as against Rs 340.69 crore during FY 2017-18 which is mainly due to increased export volume of Copper Concentrate. During the year, Capex was Rs 592.43 crore. The Malanjkhand underground mine project which is the flagship expansion project of the Company is progressing as per schedule. It is planned to commence production from the underground mine in FY 2019-20.

 

The Board of Directors has recommended payment of dividend @ 5.05% approx. on Net Worth, i.e. Re 0.52 per share on Rs. 5/- face value for the year 2018-19, for approval of shareholders in the Annual General Meeting.

28 May 2019
hcl-pays-dividend-for-2018-19,-highest-in-last-five-years

HCL pays dividend for 2018-19, highest in last five years

By IndianMandarins 10 Sep 2019

Union minister for mines Pralhad Joshi has received a dividend of Rs 36.59 crore on a share holding of 76.05% on behalf of the government from Santosh Sharma, CMD, HCL. Anil Mukim, Secretary (Mines) was also present on the occasion besides some senior HCL officials.

 

The total payout by HCL on account of dividend related to 2018-19 is Rs 58.00 crore consisting of dividend Rs 48.11 crore and dividend tax Rs 9.89 crore. This is the highest dividend paid by the company in the past five years. During 2018-19, the company recorded ore production of 41.22 lakh tonnes which was the highest ever in last 21 years.

hind-copper:-net-profit-for-fy-2018-19-jumps-83%

Hind Copper: Net profit for FY 2018-19 jumps 83%

By IndianMandarins 28 May 2019

The audited financial result of Hindustan Copper Limited (HCL) for the financial year 2018-19 was approved by its Board of Directors in the meeting held on May 28, 2019. The Net Profit for the financial year 2018-19 was Rs 145.74 crore with an increase of 83% over last year.

 

The Company’s Net Revenue from operations was Rs 1816.25 crore in 2018-19 which is best ever since its inception and is 9% higher than Rs 1670.48 crore last year. During the Q4, HCL has posted Profit Before Tax of Rs 74.63 crore compared with Rs 33.88 crore in Q4 of the corresponding period last year. The Company’s operations have posted significant increase in EBIDTA margin, during FY 19, the margin was 30% compared to 19% achieved in the last year. Operating Profit Margin during FY 19 was 14.19% compared to 6.23% achieved last year.

 

During the FY 2018-19, the Company achieved a robust physical performance. The Copper Ore production was 41.22 lakh tonne which is highest in last 21 years and 12% higher than last year’s 36.75 lakh tonne. The achievement of Ore production is in line with the production ramp-up plan of the Company to 200 lakh tonne.

 

Total Copper sales volume was 38,273 MT which is the highest in last 9 years and 5% higher than last year’s 36,435 MT. During 2018-19, the Company earned record foreign exchanges of Rs 842.67 crore as against Rs 340.69 crore during FY 2017-18 which is mainly due to increased export volume of Copper Concentrate. During the year, Capex was Rs 592.43 crore. The Malanjkhand underground mine project which is the flagship expansion project of the Company is progressing as per schedule. It is planned to commence production from the underground mine in FY 2019-20.

 

The Board of Directors has recommended payment of dividend @ 5.05% approx. on Net Worth, i.e. Re 0.52 per share on Rs. 5/- face value for the year 2018-19, for approval of shareholders in the Annual General Meeting.

hcl-cmd-elaborates-expansion-plan-at-51st-agm

HCL CMD elaborates expansion plan at 51st AGM

By IndianMandarins 06 Oct 2018

While addressing 51st Annual General Meeting of Hindustan Copper Ltd, the CMD of HCL Santosh Sharma extended his gratitude to the shareholders. This AGM was held at Biswa Bangla Convention Centre, New Town, Kolkata. He said that despite difficult market situations that HCL braved during the fiscal year 2017-18, the Company posted better results as compared to last year. He extended his profound gratitude to all the shareholders for their trust and overwhelming support which is very important for the success of HCL.

 

In his maiden address to the shareholders, Santosh Sharma said that that EBITDA of the company during the FY 2017-18 was Rs 307.98 crore which is 25.5 per cent higher compared to the previous year, which was at Rs 245.46 crore. Profit Before Tax reflected 29 per cent increase in the fiscal year 2017-18 at Rs.121.69 crore against Rs.94.20 crore in 2016-17. The annual accounts of the year 2017-18 were adopted by the shareholders. Keeping in view the Capex and business expansion needs, dividend at the rate 5 per cent on equity was declared for the year 2017-18.

 

The CMD also informed that during fiscal year 2017-18, Kendadih mines at Jharkhand was reopened in December, 2017 and Banwas mine, a new mine at Khetri Copper Complex, Rajasthan was commissioned in June, 2017. During the current year, the Company expects significant progress in mine development activity with MDO for Banwas mine at Khetri, already appointed.

 

The CMD, while addressing the shareholders, also elaborated on the detailed growth strategy and expansion plan of HCL.

hcl-cmd-elaborates-expansion-plan-at-51st-agm

HCL CMD elaborates expansion plan at 51st AGM

By IndianMandarins 06 Oct 2018

While addressing 51st Annual General Meeting of Hindustan Copper Ltd, the CMD of HCL Santosh Sharma extended his gratitude to the shareholders. This AGM was held at Biswa Bangla Convention Centre, New Town, Kolkata. He said that despite difficult market situations that HCL braved during the fiscal year 2017-18, the Company posted better results as compared to last year. He extended his profound gratitude to all the shareholders for their trust and overwhelming support which is very important for the success of HCL.

 

In his maiden address to the shareholders, Santosh Sharma said that that EBITDA of the company during the FY 2017-18 was Rs 307.98 crore which is 25.5 per cent higher compared to the previous year, which was at Rs 245.46 crore. Profit Before Tax reflected 29 per cent increase in the fiscal year 2017-18 at Rs.121.69 crore against Rs.94.20 crore in 2016-17. The annual accounts of the year 2017-18 were adopted by the shareholders. Keeping in view the Capex and business expansion needs, dividend at the rate 5 per cent on equity was declared for the year 2017-18.

 

The CMD also informed that during fiscal year 2017-18, Kendadih mines at Jharkhand was reopened in December, 2017 and Banwas mine, a new mine at Khetri Copper Complex, Rajasthan was commissioned in June, 2017. During the current year, the Company expects significant progress in mine development activity with MDO for Banwas mine at Khetri, already appointed.

 

The CMD, while addressing the shareholders, also elaborated on the detailed growth strategy and expansion plan of HCL.

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