Hindustan Copper reports over 130% jump in Q4 profit on higher revenue

State-owned Hindustan Copper Ltd on Friday reported a 137.3 per cent surge in net profit to Rs 444.27 crore for the quarter ended March 31, 2026, on the back of higher revenue. The company had posted a consolidated net profit of Rs 187.18 crore in the year-ago period. The consolidated revenue from operations during the fourth quarter rose by 58 per cent to Rs 1,156 crore, compared to Rs 731.40 crore a year ago, Hindustan Copper said in a regulatory filing. The board recommended a final dividend of Rs 1.86 per share for FY2025-26, subject to the requisite approvals, the company said. The board also approved a proposal for raising up to Rs 500 crore via non-convertible debentures (NCDs) on a private placement basis. The board of directors also gave the nod to raise funds via Qualified institutional Placement (QIP) of up to 9.69 crore equity shares for funding the capital expenditure and expansion plans approved by the Cabinet Committee on Economic Affairs (CCEA), the filing ...

Hindustan Copper on Friday reported a consolidated net profit of Rs 444 crore in the March-ended quarter versus Rs 189 crore in the year-ago period, implying a 134% growth. The metal major posted a revenue uptick of 58% to Rs 1,156 crore in Q4FY26 versus Rs 731 crore in the corresponding quarter of the previous financial year.The company's board recommended a dividend of Rs 1.86 per share for the financial year 2025-26, which will be paid after shareholders' approval in the forthcoming Annual General Meeting (AGM). The date of payment of the final dividend will be communicated separately.The profit after tax (PAT) was 184% higher on a sequential basis versus Rs 156 crore in Q3FY26, while the topline grew 68% from Rs 687 crore posted in the October-December quarter of FY26.The company incurred expenses of Rs 597 crore in the quarter under review versus Rs 397 crore in Q3FY26 and Rs 519 crore in Q4FY25. This implies a 50% quarter-on-quarter growth, while a 15% YoY rise. The expenses were made under the heads like cost of material consumed, employee benefits, finance cost and power & fuel. The revenue for the full financial year stood at Rs 3,078 crore versus Rs 2071 crore in FY25, recording a 49% growth, while PAT was reported at Rs 921 crore in FY26, growing 97% versus Rs 467 crore in the previous financial year. The earnings were announced after market hours, and Hindustan Copper shares ended at Rs 570.25, up 36.20 or 5.97% over the Thursday closing price.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)