New Delhi: Hindustan Copper Limited (HCL), a Government of India enterprise, has announced its audited standalone financial results for the year ended 31 March 2026.
The company reported a Profit After Tax (PAT) of around ₹207 crore, reflecting its steady performance in copper mining and processing operations.
However, results were impacted by a one-time exceptional provision of ₹95.75 crore related to the Post-Retirement Medical Scheme (PRMS) introduced during Q3 FY26.
Dividend Declared at ₹1.86 Per Share
The Board has recommended a final dividend of ₹1.86 per equity share (face value ₹5), subject to shareholder approval.
This reflects the company’s continued focus on shareholder returns despite one-off financial adjustments during the year.
Exceptional Items and Key Financial Adjustments
Key financial impacts during FY26 include:
- Exceptional PRMS provision: ₹95.75 crore
- Provision for new Labour Codes: ₹1.77 crore (provisional)
- Revenue recognition on provisional basis due to assay-based adjustments
These factors influenced profitability during the year.
Key Legal and Regulatory Disclosures
The company disclosed multiple ongoing legal and regulatory matters, including:
- Leasehold land issue in Gujarat Copper Project (GCP) pending in Gujarat High Court
- Arbitration-related appeal filed in Commercial Court, Jabalpur
- Terminal tax dispute with Municipal Council Malanjkhand
- Water resources-related dispute in Jharkhand High Court
Several trade payables and advances remain subject to reconciliation and confirmation.
Serious Corporate Governance Observations
Auditors highlighted key compliance concerns:
- No Independent Directors since 3 November 2024
- Audit Committee not validly constituted
- No Woman Director since 22 March 2025
- Non-compliance with Section 149 of Companies Act, 2013
Despite these issues, the audit opinion remained unmodified (clean) with emphasis of matter paragraphs.
Consolidated Performance Overview
On a consolidated basis:
- Chhattisgarh Copper Limited: Minor loss of ₹0.98 lakh
- Khanji Bidesh India Limited (JV): Loss of ₹2.12 crore
- Group operations remain small in scale outside the parent company
Board Meeting Details
- Date: 15 May 2026
- Time: 11:00 AM – 3:45 PM
The results were filed under SEBI LODR Regulations 30 and 33.
About Hindustan Copper
Hindustan Copper Limited is a Government of India public sector undertaking engaged in copper mining and processing. The company operates across key mining locations in India and plays a crucial role in supplying copper concentrate for domestic industrial and manufacturing needs.
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