Hind Copper Net jumps 83%

The audited financial result of Hindustan Copper Limited (HCL) for the financial year 2018-19 was approved by its Board of Directors. The Net Profit for the financial year 2018-19 was Rs 145.74 crore with an increase of 83% over last year. The company’s Net Revenue from operations was Rs 1816.25 crore in 2018-19 which is best ever since its inception and is 9% higher than Rs 1670.48 crore last year. During the Q4, HCL has posted Profit Before Tax of Rs 74.63 crore compared with Rs 33.88 crore in Q4 of the corresponding period last year. The company’s operations have posted significant increase in EBIDTA margin, during FY 19, the margin was 30% compared to 19% achieved in the last year. Operating Profit Margin during FY 19 was 14.19% compared to 6.23% achieved last year.During the FY 2018-19, the company has achieved a robust physical performance. The Copper Ore production was 41.22 lakh tonne which is highest in last 21 years and 12% higher than last year’s 36.75 lakh tonne. The achievement of Ore production is in line with the production ramp-up plan of the company to 200 lakh tonne.