Hindustan Copper shares climbed about 7% to ₹466.80 on Nov. 12 after the Government of India enterprise reported a 182% increase in consolidated quarterly profit, citing higher volumes, metal prices and improved operations.
The company’s unaudited consolidated results put profit after tax and the share of profit or loss from its joint venture at ₹518.13 crore for the quarter ended Sept. 30. That compares with ₹183.79 crore a year earlier. The filing separately reports ₹519.54 crore as profit before accounting for the joint venture’s share, a different measure.
Revenue from operations rose 64% to ₹1,175.24 crore from ₹718.04 crore. Consolidated profit before tax increased to ₹695.43 crore from ₹248.63 crore. On a standalone basis, net profit was ₹519.54 crore, up from ₹186.02 crore, while revenue matched the consolidated figure at ₹1,175.24 crore.
Hindustan Copper said higher volumes and metal prices, supported by better operations and productivity, contributed to the quarter’s results. For the first half of fiscal 2027, its press release reported earnings before interest, taxes, depreciation and amortization of ₹1,268 crore, with a 60% margin compared with 42% in the same period a year earlier.
FT market data recorded an opening price of ₹464 and an intraday high of ₹466.80 on Nov. 12. The National Stock Exchange of India’s quote page listed the previous close at ₹436.35 on Nov. 11. The high was about 7% above that closing price.
Hindustan Copper’s board approved the unaudited standalone and consolidated results on Nov. 11, subject to a statutory auditor’s limited review. EconoTimes previously reported the board’s scheduled consideration of the results.
The company mines and processes copper ore into concentrate and also makes continuous copper wire rods. The filing describes it as a Government of India enterprise.
