Hindustan Copper's profit falls nearly 18% to Rs 47 crore in Q1

New Delhi: State-owned Hindustan Copper Limited (HCL) on Monday posted a 17.54 percent decline in net profit to Rs 47.28 crore for the June quarter on account of higher expenses.

It had clocked Rs 57.08 crore as "net profit after tax share of profit of JV/associates", in the year-ago period, Hindustan Copper said in a regulatory filing.

The company's total income, however, increased to Rs 384.73 crore in the first quarter of the current fiscal from Rs 359.13 crore a year ago.

The expenses rose to Rs 322.53 crore in the June quarter as against Rs 280.76 crore in the year ago period.

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