The Board of Hindustan Copper Limited (HCL) met in Kolkata and approved the company’s financial results for the second quarter ending September 2024. The company has shown remarkable advancements in its financial performance during this period.
For the half-year ending September 2024, HCL recorded a Profit Before Tax (PBT) of Rs. 289.46 crore, nearly double the Rs 144.96 crore achieved in the same period last year, marking an impressive 100% increase. Similarly, for the quarter ending September 2024, PBT stood at Rs 135.33 crore, a 64% growth compared to Rs. 82.75 crore in the previous year.
HCL’s total income for the half-year ending September 2024 reached Rs. 1,050.49 crore, reflecting a 35% swell over the same period last year. The company also posted a strong EBIDTA margin of 38%.
Additionally, HCL has recently entered into agreements with Kutch Copper Limited and Hindalco for the sale of its key product—Copper Concentrate—further strengthening its business strategy. HCL is a state-owned mining company in India, primarily engaged in the exploration, extraction, and production of copper. It operates one of the largest integrated copper mining and beneficiation complexes in the country.
