Hindustan Copper Q3 net profit rises 12% to Rs19 crore
Total income of Hind Copper also rose to Rs497.73 crore for the quarter under consideration, as against Rs269.22 crore in the same period a year ago
New Delhi: State-run Hindustan Copper on Wednesday reported a 12% jump in profit at Rs18.92 crore for the third quarter ended on 31 December 2017.
The company had posted a Rs16.87 crore profit for the period from continuing and discontinued operations in the corresponding quarter of the previous fiscal, it said in a BSE filing. Total income of the company also rose to Rs497.73 crore for the quarter under consideration, as against Rs269.22 crore in the same period a year ago.
Its total expenses during the said quarter were at Rs469.60 crore as against Rs243.09 crore in the year ago quarter. Hindustan Copper, a vertically integrated copper producer, is primarily engaged in business of mining and processing of copper ore to produce refined copper metal.
Shares of Hindustan Copper closed 0.23% down at Rs85.05 apiece on BSE.
Editor's Picks »
- Market optimism before 2019 general election: History may not repeat itself
- UltraTech Cement: No respite from cost pressures
- Mindtree sees strong revenues but client concentration remains high
- Bandhan Bank’s share defies gravity as growth story is intact
- Fund managers slashing allocations to equities in emerging markets, shows BAML survey