Monday , September 27 2021

Hindustan Copper gains on reporting 54% rise in consolidated net profit in Q1

Hindustan Copper is currently trading at Rs. 138.15, up by 0.30 points or 0.22% from its previous closing of Rs. 137.85 on the BSE.

The scrip opened at Rs. 139.80 and has touched a high and low of Rs. 140.50 and Rs. 138.15 respectively. So far 131499 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 196.90 on 11-May-2021 and a 52 week low of Rs. 31.45 on 15-Oct-2020.

Last one week high and low of the scrip stood at Rs. 152.05 and Rs. 137.00 respectively. The current market cap of the company is Rs. 13475.48 crore.

The promoters holding in the company stood at 72.76%, while Institutions and Non-Institutions held 14.16% and 13.08% respectively.

Hindustan Copper has reported 55.19% rise in net profit at Rs 45.61 crore for first quarter ended June 30, 2021 as compared to net profit of Rs 29.39 crore for the same quarter in the previous year. However, total income of the company decreased by 36.85% at Rs 278.73 crore for Q1FY22 as compared to Rs 441.38 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 53.56% rise in a net profit attributed to the owners at Rs 45.70 crore for first quarter ended June 30, 2021 as compared to net loss of Rs 29.76 crore for the same quarter in the previous year. However, total income of the company declined by 36.85% at Rs 278.73 crore for Q1FY22 as compared to Rs 441.38 crore for the corresponding quarter previous year.

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