Overview
- The state-owned miner reported consolidated net profit of Rs 186.02 crore for Q2 FY26, up about 84–85% year-on-year, according to its exchange filing.
- Consolidated revenue rose roughly 39% to about Rs 718 crore, while EBITDA increased to about Rs 282 crore with an operating margin near 39%.
- Shares jumped as much as 7.97% to Rs 364.90 on Nov. 11 after the earnings release, taking the market capitalization to about Rs 35,248 crore.
- The next session saw a reversal, with the stock closing down 5.65% at Rs 339.70 and breaking a three-day winning streak.
- Global copper benchmarks have been strong, with LME futures reported near $11,200 per ton, and the company’s Jhagadia and Ghatsila smelting/refining units remain suspended since 2019.