Hindustan Copper Ltd had earlier said it is likely to exceed its capital expenditure target of Rs 350 crore.
State-run Hindustan Copper Ltd on Monday reported a two-fold rise in consolidated net profit at Rs 113.40 crore for the quarter ended June 30, 2024.
The company had posted a net profit of Rs 47.28 crore in the year-ago period, Hindustan Copper said in a filing to BSE.
The company’s consolidated revenue during the April-June period rose to Rs 500.44 crore from Rs 384.73 crore in the year-ago period, the filing said.
Hindustan Copper Ltd had earlier said it is likely to exceed its capital expenditure target of Rs 350 crore for the current fiscal year.
The company is continuously investing in its current mine expansion plan.
Hindustan Copper Ltd (HCL) is under the administrative control of the Ministry of Mines. The company has facilities for the production and marketing of copper concentrate, copper cathodes, continuous cast copper rods and by-products.
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First published: August 12, 2024 | 16:56 IS
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