Hindustan Copper Ltd (HCL), the state-owned copper mining and production company, reported a robust 67.6% year-on-year increase in net profit for Q2 FY25, totaling ₹101.7 crore. This marks a significant rise from ₹60.7 crore in the same period last year, reflecting the company’s resilient performance amidst a favorable market environment.
Revenue from operations surged by 36% to ₹518.2 crore, compared to ₹381.4 crore in Q2 FY24. The company’s EBITDA for the quarter rose by 25.4% to ₹151.9 crore, up from ₹121 crore in the year-ago period. However, the EBITDA margin saw a slight dip, standing at 29.3% in the current quarter versus 31.8% in the corresponding quarter last year, indicating some pressure on operating margins.
Hindustan Copper, overseen by the Mines Ministry, is India’s only integrated copper producer with a fully operational mining lease for copper ore. Its product portfolio includes copper concentrate, copper cathodes, continuous cast copper rods, and by-products like anode slime, copper sulfate, and sulfuric acid.
This strong quarterly performance underscores Hindustan Copper’s strategic positioning as a leading player in the Indian copper industry. As of Monday’s close, the company’s shares saw a positive response, reflecting investor confidence in its growth trajectory.
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