Latest News | Hindustan Copper Q2 Net Profit Zooms to Rs 61 Cr

New Delhi, Nov 10 (PTI) State-run Hindustan Copper on Friday reported over two-fold jump in net profit at Rs 60.70 crore for the quarter ended September 30, 2023.

The company had posted a consolidated net profit of Rs 25.87 crore in the year-ago period.

Also Read | Diwali Muhurat Trading 2023 Date, Time: All You Need To Know About Special One-Hour Trading Session of Stock Market To Be Held on Deepavali.

The consolidated income of the company during the July-September period increased to Rs 392.55 crore, over Rs 234 crore in the year-ago period, Hindustan Copper Ltd said in a regulatory filing.

In a statement, the company said the sales volume in the September quarter was higher by 49 per cent compared to the corresponding period of last year.

Also Read | Pippa Actress Mrunal Thakur Opens Up on Delay of Ishaan Khattar-Starrer: 'A Film Like My Baby Deserves its Time to Shine'.

On the production front, the growth momentum has been maintained.

During the quarter ended September 30, 2023, mine production in terms of copper ore has increased by around 13 per cent compared to the corresponding period of last year.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)