New Delhi. State-owned Hindustan Copper Limited has announced its quarterly results. The company's consolidated net profit has declined by 6 percent during the January-March quarter. Hindustan Copper has earned a net profit of Rs 124.33 crore during this period. Earlier, the company had earned a profit of Rs 132.31 crore.Hindustan Copper's other expenses have decreased by 4 percent compared to last year. At the same time, power and fuel cost along with employee cost have decreased by 21 percent on an annual basis. But, the company did not get the benefit of all this in the form of profit, because its other income has decreased by 62 percent annually. Also, Hindustan Copper's revenue remained stable at Rs 565 crore. At the same time, EBITDA increased by 21 percent to Rs 225.7 crore.

How is the condition of Hindustan Copper?

The government's stake in Hindustan Copper was 66.14 percent till March 2024. LIC had a 6.88 percent stake. Foreign institutions have 3.13 percent and Quant Mutual Fund has 2.38 percent stake. Copper prices are increasing at the global level. Last week, the price of copper crossed $ 11,000 per tonne. Experts estimate that it may cross $ 40,000 per tonne in the next few years.

Shares of Hindustan Copper

In the last one year, Hindustan Copper shares have given a negative return of 5 percent. But, in the last 6 months, investors have got a bumper return of 120 percent from it. This year i.e. in 2024, Hindustan Copper shares have jumped by 36 percent. In the last one year, it has given a strong profit of 247 percent and in 4 years, it has given a strong profit of 1,325 percent.