PROFIT BEFORE TAX

hudco-registers-216%-net-profit-touching-all-time-high-of-q2

HUDCO registers 216% net profit touching all-time high of Q2

In the time of economic slump, HUDCO has registered a growth of 216 per cent in net profit touching an all-time high of the Q2 to Rs 725.84 crore in the current financial year compared to Rs 335.68 crore of the first quarter of FY20. The company in its board meeting reported high growth in all financial parameters of its MOU targets, like Net Profit, Total Income, Net Worth, Disbursements and Balance Sheet Size, etc for Q2 of the current fiscal. Both the Gross NPA and Net NPA are the lowest in the financing sector of the government listed company.

Net Profit is 72 per cent high with Rs 1061.52 crore on a half-yearly basis as on September 30, compared to Rs 615.52 crore in the corresponding period last year. Total Income registered a growth of 113 per cent touching an all-time high of the Q2 to Rs. 2053.79 crore compared to Rs 1816.19 crore of the Q1 FY20. Total Income is 39 per cent high with Rs 3869.98 crore on a half-yearly basis as on September 30, compared to Rs 2793.10 crore in the same period of last financial year.

Balance Sheet size has grown by 55 per cent to Rs 75,000 crore as on September 30 in FY20 from Rs 48,343 crore in the same period of FY19. Net Worth of HUDCO has gone up by 10 per cent to Rs 11980.14 crores as on September 30 FY20 compared to Rs 10,956 crore as on March 31, 2019.

14 Nov 2019
hindustan-copper’s-profit-increased-by-74%-in-h-1-fy-2018-19

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

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.

13 Nov 2018
hudco-registers-216%-net-profit-touching-all-time-high-of-q2

HUDCO registers 216% net profit touching all-time high of Q2

By IndianMandarins 14 Nov 2019

In the time of economic slump, HUDCO has registered a growth of 216 per cent in net profit touching an all-time high of the Q2 to Rs 725.84 crore in the current financial year compared to Rs 335.68 crore of the first quarter of FY20. The company in its board meeting reported high growth in all financial parameters of its MOU targets, like Net Profit, Total Income, Net Worth, Disbursements and Balance Sheet Size, etc for Q2 of the current fiscal. Both the Gross NPA and Net NPA are the lowest in the financing sector of the government listed company.

Net Profit is 72 per cent high with Rs 1061.52 crore on a half-yearly basis as on September 30, compared to Rs 615.52 crore in the corresponding period last year. Total Income registered a growth of 113 per cent touching an all-time high of the Q2 to Rs. 2053.79 crore compared to Rs 1816.19 crore of the Q1 FY20. Total Income is 39 per cent high with Rs 3869.98 crore on a half-yearly basis as on September 30, compared to Rs 2793.10 crore in the same period of last financial year.

Balance Sheet size has grown by 55 per cent to Rs 75,000 crore as on September 30 in FY20 from Rs 48,343 crore in the same period of FY19. Net Worth of HUDCO has gone up by 10 per cent to Rs 11980.14 crores as on September 30 FY20 compared to Rs 10,956 crore as on March 31, 2019.

hindustan-copper’s-profit-increased-by-74%-in-h-1-fy-2018-19

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

By IndianMandarins 13 Nov 2018

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.

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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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.