Hindustan Copper Q1 net loss at Rs 2.88 crore

Shares of the company on Monday hit a 52-week high of Rs 73.60 a scrip at the BSE

State-run Hindustan Copper on Monday reported a net loss of Rs 2.88 crore for the quarter ended June 30, 2016.

The firm had clocked a net profit of Rs 20 crore in the year-ago period, it said in a BSE filing.

Total income of the company fell to Rs 206.23 crore in April-June quarter this financial year from Rs 236.38 crore during the same quarter of 2015-16.

Company's total expenses were marginally higher at Rs 223.61 crore against Rs 222.19 crore in the year-ago period.

The firm manufactures copper right from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products. HCLs mines and plants are spread across four operating units, one each in Rajasthan, Madhya Pradesh, Jharkhand and Maharashtra.

 

Shares of Hindustan Copper on Monday hit a 52-week high of Rs 73.60 a scrip at the BSE, but closed at Rs 69.05, down 1.50 per cent from its previous closing.