The shares of Hindustan Copper increased 5.6% to Rs 319.65 per share on the BSE during Tuesday’s intraday trading. Following the company’s release of its April–June quarter financial year 2024–25 (Q1FY25) results on Monday, the stock price went up.
Hindustan Copper Ltd, a state-owned company, recorded a two-fold rise in consolidated net profit for the quarter that ended June 30, 2024, reaching Rs 113.40 crore, up 133.9 percent from Rs 47.28 crore during the same period the previous year.
For the April–June quarter, the company’s total consolidated income increased to Rs 500.44 crore, up 30.0% from Rs 384.73 crore in the same period last year.
In Q1FY25, Hindustan Copper’s total expenses increased by 7.4% YoY to Rs 346 crore from Rs 322 crore in the same period the previous year.
As of 2:12 pm, Hindustan Copper shares were trading 3.57% higher at Rs 313.55 on the NSE.
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