Hindustan Copper reported a 53.6 per cent rise in consolidated net profit at ₹45.63 crore for the quarter ended June 30, 2021. The company had a consolidated net profit after tax and share of profit of JV/Associates of ₹29.69 crore in the year-ago period, the state-run miner said in a filing to the BSE.
However, consolidated income of the company dropped to ₹278.73 crore in June quarter of this fiscal, compared to ₹441.38 crore in the year-ago period, the filing said.
Hindustan Copper is a public sector undertaking under the administrative control of the Ministry of Mines.
It is a vertically integrated copper producing company as it manufactures copper right from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products.
