Hindustan Copper Q1 results: Net profit inflation to Rs 113.40 crore

State-owned Hindustan Copper Ltd on Monday reported a two-fold rise in consolidated net inflation to Rs 113.40 crore for the quarter ending June 30, 2024.
The company had posted a net profit of Rs 47.28 crore in the year-ago period, Hindustan Copper said in a filing to BSE.
The company’s consolidated income during the April-June period rose to Rs 500.44 crore from Rs 384.73 crore in the year-ago period, the filing said.
Hindustan Copper Ltd had earlier said its capex target for the current financial year is likely to exceed Rs 350 crore.
The company is continuing to invest in its ongoing mine expansion plan.
Hindustan Copper Limited (HCL) is under the administrative control of the Ministry of Mines. The company has facilities for the production and marketing of copper concentrate, copper cathode, continuous-cast copper rods and by-products.