Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Hindustan Copper reported consolidated net sales revenue skyrocketed to Rs5,384.2mn in Q3 FY2020-2021, up by 477pc from Rs932.9mn in the prior year quarter against a lower base due to low output hiking the company’s fixed costs. The net sales rose by 83pc from Rs2,946.7mn in Q2 amid higher copper prices. In the nine-month period (9M), net sales revenue increased by 79pc to Rs12,900.6mn from Rs7,223.4mn in the prior period.


Net profit rose to Rs1,081.9mn in Q3 against a net loss of Rs956.1mn in the prior year quarter and a net profit of Rs91.8mn in Q2. In 9M, net profit rose to Rs1,470mn against a net loss of Rs549.4mn in the prior period.


The miner’s consolidated profit before tax rose to Rs1,290.8mn against a pre-tax loss of Rs1,212mn in the prior year quarter. In 9M, pre-tax profit rose to Rs1,508.6mn against a net loss of Rs563.8mn in the prior period.


Hindustan Copper (HCL), is a state-owned vertically integrated copper producer engaged in mining, processing, smelting and casting of refined copper.

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