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Hindustan Copper Shares Jump After Q2 Profit and Margin Surge

The jump in operating profitability prompted a swift revaluation in the stock.

Overview

  • Quarterly revenue rose 39% year on year to Rs 718 crore from Rs 518 crore.
  • Net profit reached Rs 186 crore, up 82.3% from a year earlier; EBITDA climbed to Rs 282 crore, up 86.3%.
  • EBITDA margin improved to 39.23% in Q2 from 29.2% in the prior-year quarter.
  • The stock gained 7.97% intraday to Rs 364.90, lifting market capitalisation to Rs 35,248 crore.
  • An exchange filing reported consolidated income of Rs 728.95 crore with expenses of Rs 480.32 crore in the quarter.