Hindustan Copper’s PBT soars by 148 % in June 2024 quarter

The Board of Directors of Hindustan Copper Limited (HCL), in its meeting held today in Kolkata has approved the financial results for the quarter ended June 2024 (Financial Year 2024-25). As per Consolidated Financial statement, the Company has achieved a Profit Before Tax of Rs 154.12 crore in the Quarter ended June ’24, which is a whopping 148% higher than the corresponding quarter of previous year FY 2023-24. The total Income achieved was Rs. 500.44 crore in June 2024 quarter, higher by around 30% than the corresponding quarter of previous year. The EBITDA of the Company achieved in the quarter ending June 2024 was Rs 195.29 crore with EBIDTA margin a robust 40%. As the global economy evolves towards sustainability and technology integration, the demand for Copper is expected to continue rising, making it a critical mineral for future growth.