New Delhi: Hindustan Copper Limited (HCL), a state-owned PSU under the Ministry of Mines, reported robust financial performance for the second quarter of FY26, with net profit rising sharply by around 85% to Rs 186.02 crore for the September-ended quarter. The company had posted Rs 101.67 crore in the same period last year.
Revenue and Income Growth
HCL’s consolidated revenue from operations for Q2FY26 stood at Rs 718.04 crore, while total income reached Rs 728.95 crore, up from Rs 550.05 crore in Q2FY25. The significant rise in revenue reflects strong operational performance across its mines and processing units.
Rising Expenses and EBITDA Performance
The total expenses for the quarter increased to Rs 480.32 crore, compared with Rs 414.73 crore in the corresponding period last year. Despite higher costs, the company posted an EBITDA (operating profit) of Rs 282 crore, marking an 86% year-on-year growth from Rs 153 crore in Q2FY25. The EBITDA margin expanded to 39.3% from 29.3% a year ago, demonstrating improved operational efficiency.
Stock Performance and Market Indicators
Shares of Hindustan Copper rallied following the announcement, trading higher by 5.64% and reaching a 52-week high. Over the past five days, the stock has gained 7.84%. The company’s market capitalization stands at Rs 34,800 crore, with a P/E ratio of 71.20 and a dividend yield of 0.41%.
Operations and Facilities
Hindustan Copper operates copper mines at Malanjkhand (Madhya Pradesh), Khetri (Rajasthan), and Ghatsila (Jharkhand), along with primary and secondary smelters and refining facilities at Ghatsila (Jharkhand) and Jhagadia (Gujarat), and a Continuous Cast Copper Wire Rod plant at Taloja (Maharashtra). However, operations at the Jhagadia and Ghatsila smelting/refining facilities have been suspended since 2019 due to business considerations.
Outlook
Under the Ministry of Mines, HCL continues to focus on exploration, mining, and beneficiation of copper ore to produce and sell copper concentrate. The Q2FY26 results highlight the company’s strengthened financial position and operational resilience, positioning it for sustained growth in the coming quarters.
About Hindustan Copper Ltd. (HCL)
Hindustan Copper Ltd. is a state-owned enterprise under the Ministry of Mines, Government of India, engaged in the exploration, mining, and beneficiation of copper ore to produce and sell copper concentrate. Headquartered in Kolkata, HCL operates copper mines at Malanjkhand (Madhya Pradesh), Khetri (Rajasthan), and Ghatsila (Jharkhand). The company also has smelting and refining facilities at Ghatsila and Jhagadia (Gujarat), along with a Continuous Cast Copper Wire Rod plant at Taloja (Maharashtra).
