Hindustan Copper shares dropped more than 2% after the company announced its Q3 results. As of 11:03 AM, the shares were trading 1.96% lower at Rs 1.96%.
The state-owned copper producer reported a 17.9% drop in consolidated revenue, which stood at ₹328 crore compared to ₹399 crore in the same quarter last year.
Despite the revenue dip, the company’s EBITDA saw a marginal rise of 0.9%, reaching ₹108 crore from ₹107 crore in Q3FY24. The EBITDA margin expanded to 32.8% from 26.7%, highlighting improved operational efficiency. However, net profit remained nearly unchanged at ₹62.8 crore compared to ₹63 crore in the year-ago period.
Hindustan Copper shares opened at ₹244.00, reaching a high of ₹244.01 and a low of ₹238.20. The stock’s 52-week high stands at ₹415.80, while the 52-week low is ₹216.76.
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