Hindustan Copper stock gains despite PSU's docile December quarter results
Hindustan Copper's EBITDA for the December quarter also slipped by seven per cent to Rs 106 crore from Rs 114 crore in the same quarter a year ago. Its margin also slipped by 26.7 per cent in Q3 from 20.5 per cent Year-on-Year (YoY).
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Hindustan Copper Share Price: Hindustan Copper shares traded higher on BSE on Wednesday (February 14, 2024) despite the PSU reported weak December quarter results.
The stock of the company was up by 1.12 per cent, or Rs 2.80, at Rs 253.00 at 11:20 am on Wednesday.
Hindustan Copper Q3 results
The company announced its December quarter results on Tuesday after market hours.
Its standalone profit after tax slipped by 21 per cent to Rs 63 crore in the December quarter against Rs 80 crore Year-on-Year (YoY).
Its revenue from operations also slid by 28 per cent to Rs 399 crore in the quarter under review from Rs 557 crore in the same quarter last fiscal.
Hindustan Copper's EBITDA for the December quarter also slipped by seven per cent to Rs 106 crore from Rs 114 crore in the same quarter a year ago.
Its margin also slipped by 26.7 per cent in Q3 from 20.5 per cent YoY.
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