New Delhi: Hindustan Copper Limited (HCL), the state-owned mining giant, has reported a significant 51.8% increase in consolidated net profit for the fourth quarter of the financial year 2024-25, totaling ₹189.48 crore. This is up from ₹124.75 crore in the corresponding period of the previous year.
Key Financial Performance
The consolidated income for the Q4 FY 2024-25 stood at ₹777.28 crore, marking an impressive growth compared to ₹585.22 crore in the same quarter last year. However, the total expenses of the company during the quarter rose to ₹518.75 crore, up from ₹401.49 crore in the previous year, reflecting the increased operational costs.
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Operations and Facilities
The company operates copper mines at Malanjkhand (Madhya Pradesh), Khetri (Rajasthan), and Ghatsila (Jharkhand). Additionally, it runs smelting and refining facilities at Jhagadia (Gujarat) and Taloja (Maharashtra).
Despite a challenging operational landscape, with smelting and refining operations suspended at Jhagadia and Ghatsila since 2019 due to business considerations, the company’s primary smelting and refinery operations at Ghatsila and secondary refining at Jhagadia continue to be an integral part of its infrastructure.
Company’s Capital and Shareholding
As of March 31, 2025, the authorized capital of Hindustan Copper stood at ₹1,100 crore, with a paid-up capital of ₹483.51 crore. The Central Government holds a majority stake of 66.14% in the company, underlining its role as a key player in India’s mining sector.
Future Outlook and Growth Prospects
Hindustan Copper’s growth in profit comes amidst ongoing challenges in the copper industry, such as fluctuating commodity prices and operational halts at certain plants. Despite these hurdles, the company has demonstrated resilience and continues to play a crucial role in India’s copper production.
The company is optimistic about improving profitability in the coming quarters, driven by its core operations and strategic focus on maintaining a strong footprint in the copper industry.
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About HCL
Hindustan Copper Limited (HCL) is a Schedule-A, Miniratna Category-1 public sector undertaking in India, under the Ministry of Mines. It’s the only vertically integrated copper producing company in the country, meaning it handles everything from mining to refining and selling copper. HCL operates various mines and plants across different states, producing copper cathodes, copper wire bars, and continuous cast copper rods.