Now Reading: Hindustan Copper Q1 Net Profit Falls 21%, Revenue Below Rs 1,000 Crore
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Hindustan Copper Q1 Net Profit Falls 21%, Revenue Below Rs 1,000 Crore
Hindustan Copper Q1 Net Profit Falls 21%, Revenue Below Rs 1,000 Crore
Hindustan Copper’s net profit fell nearly 21% quarter-on-quarter to Rs 352 crore in the first quarter of FY27, NDTV Profit reports. Revenue slid 19% to Rs 937 crore from Rs 1,156 crore…
The Story in Brief
Hindustan Copper’s net profit fell nearly 21% quarter-on-quarter to Rs 352 crore in the first quarter of FY27, NDTV Profit reports. Revenue slid 19% to Rs 937 crore from Rs 1,156 crore in the preceding quarter. Earnings before interest, tax, depreciation and amortisation (Ebitda) declined 19% to Rs 508 crore, though the margin stayed flat at 54.2%. The stock dipped 0.33% to Rs 534.35 on the NSE after the results were announced.
The Indian Opinion
Copper’s price rally and strong demand had fuelled a doubling of Hindustan Copper’s stock in the past year, but the sequential drop in net profit and revenue cools that narrative. Q1 margins stayed flat even as topline shrank, a sign that cost control masked volume weakness. The real test will come in the next quarter: if revenue falls further, margins will give way. Investors should watch global copper prices and domestic offtake before celebrating a PSU revival.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
