Hindustan Copper Ltd (HCL), a state-owned enterprise, announced a significant 67.6% increase in net profit, reaching ₹101.7 crore for the quarter ending September 30, 2024. This compares to a net profit of ₹60.7 crore in the same period last year, as per the company’s regulatory filing.
Revenue from operations also saw a robust 36% increase, amounting to ₹518.2 crore compared to ₹381.4 crore in the previous year. Operating profits (EBITDA) grew by 25.4%, totaling ₹151.9 crore in the second quarter of this fiscal year, up from ₹121 crore in Q2 of the prior fiscal year.
The EBITDA margin was recorded at 29.3%, slightly lower than 31.8% in the same period of FY24. EBITDA represents earnings before interest, taxes, depreciation, and amortization. Under the Mines Ministry’s oversight, Hindustan Copper engages in copper mining and holds the sole operational mining lease for copper ore.
As the only fully integrated copper producer in the country, HCL’s operations include producing and marketing copper concentrate, copper cathodes, continuous cast copper rods, and by-products such as anode slime (containing precious metals like gold and silver), copper sulphate, and sulphuric acid.
Hindustan Copper Limited (HCL) is a prominent public sector enterprise under the Ministry of Mines, Government of India, and is the nation’s only vertically integrated copper producer. Established in 1967, HCL manages activities across the copper value chain, including mining, beneficiation, smelting, refining, and the production of various copper products.
The company operates mines and plants in states like Rajasthan, Madhya Pradesh, Jharkhand, and Maharashtra. HCL plays a significant role in meeting India’s growing demand for copper, an essential metal for industries like electrical, construction, and transportation.
With a strong emphasis on sustainable mining practices, resource efficiency, and exploration to expand reserves, HCL is a key player in India’s effort to achieve self-reliance in copper production and support the country’s infrastructure and industrial growth.
