Net profit for the period stood at ₹353 crore, more than doubling in value from the ₹134 crore it reported during the same quarter last year.
Revenue for the quarter stood at ₹936.5 crore, a growth of 81.4% from last year’s figure of ₹516.4 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter stood at ₹507.5 crore, more than double than the ₹212.3 crore it reported during the same quarter last year.
EBITDA margin for the quarter stood at 54% from 41% last year.
Global Copper prices are coming off six straight weeks of gains which were fueled by tight supplies and easing concerns about an interest rate hike in the US after last Friday’s jobs report.
Copper prices globally crossed the $14,000 a tonne mark last week, to reach the highest intraday level since late-January. Analysts expect prices to remain higher globally going forward as well.Shares of Hindustan Copper are trading 1.2% higher on Monday at ₹542.75 after the results announcement. The stock is up 4% so far this year.
