Hindustan Copper Q2 PAT increases seven-fold to Rs 68 crore

The earnings after tax was Rs 67.53 crore during the present quarter as compared to Rs 9.20 crore in the matching quarter of the previous year, the company stated.

PTI

November 09, 2021 / 09:55 PM IST

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Agent Image Hindustan Copper on Tuesday reported a seven-fold increase in consolidated revenue after tax (PAT) to Rs 67.53 crore for the quarter ended September.The business had

posted a combined revenue after tax and share of profit of JV/Associates of Rs 9.12 crore in the year-ago period, Hindustan Copper stated in a BSE filing.Revenue from operation during the July-September duration increased to Rs 464.46 crore as compared to Rs 294.67 crore in the year-ago duration, the filing said.The revenue after tax was Rs 67.53 crore throughout the current quarter as compared to Rs 9.20 crore in the matching quarter of the previous year, the business said.” … the profits from operations of Rs 464.46 crore

were 25 percent and 58 percent higher respectively compared to that of matching period of the last year,”it said.Hindustan Copper Ltd (HCL)also commemorated its 54th Foundation Day on November 9.

HCL Chairman and Handling Director Arun Kumar Shukla on the celebration said development

prospect of HCL is tremendous.”With Copper in limelight, it is time to seize the chance and make every effort difficult to create value for

our stakeholders, “he asserted.To encourage copper usage and improve incomes of the metal craftsmen, HCL has decided to promote micro enterprises at its mining units.