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Hindustan Copper which reported its June earnings recently is expecting good growth in its topline in the ensuing quarters. In an interview to CNBC-TV18, the company‘s chairman and managing director,
Hindustan Copper has declared its fourth quarter results. Shakeel Ahmed, chairman and managing director says, the company would be raising about Rs 250 crore through ECB next year.
Shakeel Ahmed, chairman and managing director of Hindustan Copper says inventory levels remain high despite liquidation in Q3 and the company will continue with liquidation in Q4 too to support performance.
Speaking to CNBC TV18, Shakeel Ahmed, chairman and managing director, Hindustan Copper said, despite increased concentrate we could not convert it into sellable refined copper resulting in some temporary setback to our sales performance.
Hindustan Copper announced its first quarter results. The company's Q1 net profit was up 132% at Rs 60.4 crore versus Rs 26 crore and net sales were up 19% at Rs 269 crore versus Rs 226 crore. Hindustan Copper’s chairman and managing director, Shakeel Ahmed told CNBC-TV18 that they don’t look to raise funds through a follow on public offer (FPO).
Hindustan Copper Ltd (HCL) has reported their Q4 results for FY11. They posted a 33.54% drop in their 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.
The score card is out and it’s been a mixed bag. Amidst inflationary worries and volatile global cues, many bigwigs disappointed this quarter while others came out with flying colours.
Hindustan Copper’s Q3 net profit was at Rs 80.7 crore. Its net sales were at Rs 307 crore.