Hindustan Copper Reports 9% Rise in MIC Output for FY26

Hindustan Copper Ltd disclosed provisional production data for FY 2025–26 on 2 April, with metal in concentrate output climbing 9% year-on-year. MIC production for the full year came in at 27,421 tonnes.

Ore extraction rose by 6% over the previous year, reaching 3.67 million tonnes across HCL’s mining assets. Valued at Rs 350 crore, the company’s capex plan for the year was confirmed earlier by management. Compared to its stated targets of 31,000 tonnes of MIC and four million tonnes of ore, the firm came up short on both counts.

December quarter numbers came in sharply for the copper miner. Net profit hit Rs 156 crore, more than twice the Rs 63 crore recorded a year ago. Revenue for the same period came in at Rs 687.3 crore, up from Rs 327.8 crore. EBITDA crossed Rs 244.4 crore that quarter, with margins moving to 35.6% from 32.9% a year back. The JSW Group operator agreement, inked in January 2025, is close to going live under a model where HCL retains a 12.5% revenue share.

Management has guided for around 20% volume growth in FY26, with margins expected to stay above 40%.

Shares of Hindustan Copper closed 0.17% lower at Rs 495.15 on 2 April.

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