Hindustan Copper Ltd (HCL) has reported their fourth quarter results for FY11. The copper major has posted a 33.54% drop in its net profit at Rs 61 crore as compared to Rs 91 crore last year same period. Their topline decreased to Rs 285 crore as against Rs 408 crore. During the full financial year, their metal volume was 31,683 metric tonne, which is 12% higher than the previous year.
Shakeel Ahmed, the chairman and managing director of Hindustan Copper attributes the drop in their topline and bottomline numbers to a breakdown at one of their facilities.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
