Hindustan Copper PBT soars 54% (UPDATED)

The Profit Before Tax (PBT) of Hindustan Copper Limited (HCL), a Miniratna CPSE under the Ministry of Mines, Government of India, has surged by 54% to Rs 633.51 crore in FY 2024-25 from Rs 410.43 crore in FY 2023-24. According to the audited financial results approved by the Board of Directors at its meeting held in Kolkata today, HCL has recorded its highest ever Revenue from Operation of Rs 2070.97 crore in FY 2024-25, reflecting a robust year-on-year (YoY) increase by 21% percent from Rs 1717.00 crore in FY 2023-24. The Company has clocked an increase in Profit After Tax (PAT) by 42% to Rs 468.53 crore from Rs 295.41 crore in FY 2023-24.   In FY 2024-25, Malanjkhand Copper Project, the flagship Unit of the Company in Madhya Pradesh, has produced 2.73 Million Tonne of Copper ore from the underground mine, which is highest ever copper ore production since inception from this mine. The EBITDA margin achieved has been a healthy 38% in FY 2024-25 as compared to 34% in the previous year, showing an increase of 4 bps. As the global economy evolves towards renewable energy and electric vehicles, powered by AI and decarbonization policies, Copper demand is expected to surge in the coming years making it extremely crucial for driving growth.

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