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Hindustan Copper Q2 profit declines 12% at Rs 7 cr

The company had posted a standalone net profit after tax of Rs 7.6 crore in the corresponding quarter of the previous fiscal, Hindustan Copper said in a BSE filing.

December 13, 2016 / 15:24 IST
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State-run Hindustan Copper today reported an 11.8 percent decline in standalone net profit after tax at Rs 6.7 crore for the quarter ended September 30.

The company had posted a standalone net profit after tax of Rs 7.6 crore in the corresponding quarter of the previous fiscal, Hindustan Copper said in a BSE filing.

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The standalone total income of the company during July-September quarter declined to Rs 213.7 crore as against Rs 238.5 crore in the year-ago period.

Hindustan Copper Ltd (HCL) manufactures copper right from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products.