Hindustan Copper Gains on 137% Profit Jump and Rs 500 Cr NCD Plan

Hindustan Copper Limited climbed on Monday, 18 May, touching a day high of Rs 592.00 on BSE after the state-run copper miner posted a sharp jump in quarterly profit and unveiled fresh fundraising plans.

Net profit for the March quarter more than doubled to Rs 444.27 crore, compared with Rs 187.18 crore in the same period a year earlier, a jump of over 137% year-on-year. 

Revenue from operations rose 58% to Rs 1,156 crore during Q4 FY26, up from Rs 731.40 crore in Q4 FY25. For the full financial year, net profit came in at Rs 921 crore, nearly double the Rs 369 crore reported in FY25.

Along with the results, the board took two significant decisions on the fundraising side. It approved raising up to Rs 500 crore through non-convertible debentures on a private placement basis. 

Separately, it also cleared a Qualified Institutional Placement of up to 9.69 crore equity shares to fund capital expenditure and expansion plans previously authorised by the Cabinet Committee on Economic Affairs.

The board also recommended a final dividend of Rs 1.86 per equity share for FY26, subject to shareholder approval.

Hindustan Copper is the only vertically integrated copper ore mining company in India, holding all active copper mining leases in the country. It operates as a central public sector enterprise under the Ministry of Mines.

At 12:57 pm on BSE, shares of the Kolkata-based miner were trading at Rs 579.50, up 1.60% from Friday’s close of Rs 570.35. The stock’s 52-week range stretches from Rs 222.80 to Rs 759.20.

Discover the next big investment! Tradz by EquityPandits’ IPO screener helps you identify promising initial public offerings. Download Tradz by EquityPandit and get ahead of the curve! Sign Up Now & Find Your Next IPO Gem!

The post Hindustan Copper Gains on 137% Profit Jump and Rs 500 Cr NCD Plan appeared first on Equitypandit.