Hindustan Copper Ltd's Q3FY25 Quarter Results
- 09 Feb 2025
Result Summary
- Hindustan Copper Ltd reported a 37.5% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 16.0%.
- Its expenses for the quarter were down by 37.5% QoQ and 20.8% YoY.
- The net profit decreased 38.2% QoQ and decreased 0.2% YoY.
- The earnings per share (EPS) of Hindustan Copper Ltd stood at 0.7 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 343.57 | 550.05 | 409.24 | -37.5% | -16.0% |
Total Expenses | 259.14 | 414.73 | 327.06 | -37.5% | -20.8% |
Profit Before Tax | 84.43 | 135.32 | 82.18 | -37.6% | 2.7% |
Tax | 21.56 | 33.65 | 19.18 | -35.9% | 12.4% |
Profit After Tax | 62.87 | 101.67 | 63.00 | -38.2% | -0.2% |
Earnings Per Share | 0.70 | 1.10 | 0.70 | -36.4% | 0.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Hindustan Copper Ltd is a public sector undertaking under the administrative control of the Ministry of Mines, Government of India. The company is the only vertically integrated copper producer in India, engaging in a wide range of activities that include mining, beneficiation, smelting, refining, and continuous cast rod manufacturing. Hindustan Copper's main products are copper cathode, continuous cast copper wire rod, and by-products such as anode slime, copper sulphate, and sulphuric acid. The company plays a significant role in the Indian copper industry and has been focusing on expanding its mining capacity. Recent developments have seen the company working towards increasing its production capacity and enhancing operational efficiencies, although specific recent changes or developments are not detailed in the provided data.
Revenue
In Q3FY25, Hindustan Copper Ltd reported total income of ₹343.57 crores, compared to ₹550.05 crores in the previous quarter (Q2FY25) and ₹409.24 crores in the same quarter last year (Q3FY24). This represents a quarter-over-quarter (QoQ) decline of 37.5% and a year-over-year (YoY) decrease of 16.0%. These figures indicate a reduction in revenue both on a sequential basis and compared to the previous year. The total income is a crucial indicator of the company's ability to generate sales and other income streams during the quarter.
Profitability
Profitability metrics for Hindustan Copper Ltd in Q3FY25 show a profit before tax (PBT) of ₹84.43 crores, down from ₹135.32 crores in Q2FY25 but slightly up from ₹82.18 crores in Q3FY24. The QoQ change is a decrease of 37.6%, while the YoY change is an increase of 2.7%. The company incurred tax expenses of ₹21.56 crores in Q3FY25, which is a 35.9% decrease from the previous quarter and a 12.4% increase from the same period last year. Consequently, the profit after tax (PAT) for the quarter was ₹62.87 crores, a decline of 38.2% QoQ and a marginal decrease of 0.2% YoY. Earnings per share (EPS) remained stable YoY at ₹0.70, though it fell from ₹1.10 in the previous quarter, marking a QoQ decline of 36.4%.
Operating Metrics
Total expenses for Hindustan Copper Ltd in Q3FY25 were ₹259.14 crores, showing a decrease of 37.5% QoQ from ₹414.73 crores in Q2FY25 and a 20.8% YoY decrease from ₹327.06 crores in Q3FY24. These figures reflect changes in the cost structure or operational adjustments within the company. The consistent decline in both revenue and expenses QoQ and YoY suggests adjustments in the company's operations or market conditions. The financial performance in terms of profitability and expenses highlights the company's operational dynamics in managing costs relative to income generation during the quarter.
