Hindustan Copper September profit reaches Rs 518.13 crore

Hindustan Copper Limited reported consolidated net profit after tax and its joint-venture share of Rs 518.13 crore for the quarter ended 30 September 2026, compared with Rs 183.79 crore a year earlier, as revenue from operations rose to Rs 1,175.24 crore.

How did Hindustan Copper perform in the September quarter?

Hindustan Copper's consolidated net profit after tax and share of profit or loss from its joint venture rose 182% year on year to Rs 518.13 crore in the September 2026 quarter. The result was also 47% higher than Rs 352.37 crore reported in the June 2026 quarter, based on the unaudited consolidated financial results approved by the board on 11 November 2026.

Revenue from operations increased by Rs 457.20 crore year on year, or about 64%, to Rs 1,175.24 crore. Other income rose to Rs 40.57 crore from Rs 10.91 crore, taking total income to Rs 1,215.81 crore compared with Rs 728.95 crore. Profit before exceptional items and tax increased to Rs 695.43 crore from Rs 248.63 crore; no exceptional item was reported for the quarter.

What changed in Hindustan Copper's costs and profitability?

Hindustan Copper's total expenses increased to Rs 520.38 crore in the September quarter from Rs 480.32 crore a year earlier, a rise of Rs 40.06 crore that was lower than the Rs 486.86 crore increase in total income. This movement widened profit before tax to Rs 695.43 crore, compared with Rs 248.63 crore in the corresponding quarter.

Royalty and cess was the largest increase among the disclosed operating cost lines, rising to Rs 99.38 crore from Rs 53.15 crore. Material cost rose to Rs 40.87 crore from Rs 31.14 crore, while power and fuel increased to Rs 45.38 crore from Rs 39.46 crore. Contractual job-for-process expense declined to Rs 115.53 crore from Rs 125.61 crore, employee benefits fell to Rs 88.55 crore from Rs 92.14 crore, and other expenses decreased to Rs 47.30 crore from Rs 62.56 crore.

Tax expense, comprising current and deferred tax, totalled Rs 175.89 crore for the quarter, compared with Rs 62.61 crore a year earlier. Profit after tax before the joint-venture share was Rs 519.54 crore, against Rs 186.02 crore. Basic and diluted earnings per share were Rs 5.36, up from Rs 1.89, while paid-up equity share capital was unchanged at Rs 483.51 crore.

What did Hindustan Copper report for the first half?

Hindustan Copper reported net profit after tax and the joint-venture share of Rs 870.50 crore for the half year ended 30 September 2026, compared with Rs 318.04 crore in the first half of the prior year. Revenue from operations grew to Rs 2,111.74 crore from Rs 1,234.41 crore, while total income rose to Rs 2,169.41 crore from Rs 1,255.60 crore.

The half-year profit before tax was Rs 1,167.20 crore, versus Rs 427.99 crore a year earlier, and total expenses were Rs 1,002.21 crore versus Rs 827.61 crore. Current tax rose to Rs 270.37 crore from Rs 108.34 crore, while deferred tax was Rs 24.68 crore compared with a deferred-tax credit of Rs 0.65 crore in the earlier period. Half-year basic and diluted earnings per share reached Rs 9.00, up from Rs 3.29.

The September-quarter result accounted for Rs 518.13 crore of the half-year net profit, while the June-quarter result was Rs 352.37 crore. Revenue from operations was also higher in the September quarter, at Rs 1,175.24 crore, than the Rs 936.50 crore reported in the June quarter. That sequential movement lifted half-year operating revenue above Rs 2,000 crore for the disclosed period.

How did the joint venture and group structure affect the result?

Hindustan Copper recorded a Rs 1.41 crore share of loss from its joint venture or associate in the September quarter, compared with a Rs 2.23 crore loss in the year-earlier quarter. The joint-venture loss reduced profit after tax from Rs 519.54 crore to the reported net profit of Rs 518.13 crore.

For the half year, the share of joint-venture loss was Rs 1.65 crore, compared with Rs 2.26 crore in the corresponding prior-year period. The consolidated statements include Chhattisgarh Copper Limited, in which Hindustan Copper holds 74%, and Khanij Bidesh India Limited, in which it holds 30%, according to the notes to the results.

The statutory review report said Khanij Bidesh India Limited's unaudited financial information reflected a Rs 1.65 crore loss for the period from 1 April 2026 to 30 September 2026 as considered in the consolidated results. It also said the group's share of total revenue from Chhattisgarh Copper Limited was nil for that half-year period. The reviewing auditor issued an unmodified conclusion on the consolidated unaudited financial results.

What do Hindustan Copper's cash flows show?

Hindustan Copper generated net cash from operating activities of Rs 843.42 crore in the half year ended 30 September 2026, compared with Rs 428.24 crore generated in the prior-year half. Cash generated from operations was Rs 1,044.92 crore before net taxes paid of Rs 201.50 crore, compared with Rs 514.65 crore and Rs 86.41 crore, respectively, a year earlier.

Investing activities used Rs 277.08 crore, compared with an outflow of Rs 219.32 crore in the previous half year. Purchases of fixed assets rose to Rs 242.70 crore from Rs 52.12 crore, and mining properties, described as mine-development expenditure, used Rs 52.53 crore. In the earlier period, investment in a subsidiary or joint venture accounted for Rs 174.67 crore of outflow.

Net cash used in financing activities was Rs 113.00 crore, compared with Rs 26.14 crore a year earlier, including Rs 109.91 crore of non-current borrowings or loans repaid. Cash and cash equivalents at the end of the half year were Rs 1,273.57 crore, up from Rs 262.32 crore at 30 September 2025. Capital work in progress stood at Rs 874.10 crore at 30 September 2026, compared with Rs 741.23 crore at 31 March 2026.

Conclusion

Hindustan Copper's September-quarter earnings increased as a Rs 457.20 crore year-on-year rise in operating revenue exceeded the Rs 40.06 crore increase in total expenses. The company reported Rs 518.13 crore of net profit after its joint-venture share for the quarter and Rs 870.50 crore for the first half, while its joint venture remained loss-making.

The next results will show whether the unresolved loss at Khanij Bidesh India Limited, which was Rs 1.65 crore for the half year, persists. They will also show the effect of mine-development expenditure of Rs 52.53 crore and fixed-asset purchases of Rs 242.70 crore, alongside capital work in progress of Rs 874.10 crore at 30 September 2026.