Hindustan Copper Q4 profit rises 6% to Rs 124 crore

New Delhi: State-owned Hindustan Copper Limited (HCL) on Friday reported a 6 percent drop in consolidated net profit to Rs 124.33 crore for the March quarter (Q4).

The company had posted a consolidated net profit of Rs 132.31 crore in the year-ago period.

PSU Watch is now on Whatsapp Channels. Click here to join

The consolidated income during the January-March period dropped to Rs 585.22 crore over Rs 611.37 crore in the year-ago period.

"The company has achieved a profit before tax of Rs 183.29 crore in the quarter ended March 2024, which is a whopping 123 percent higher than the immediately preceding quarter," Hindustan Copper said in a statement.

"The board has recommended a dividend of 30.11 percent of net profit for FY 2023-24. The payout on this account is estimated to be Rs 88.97 crore to the shareholders of the company," it said.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)