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Hindustan Copper has announced said its standalone net profit has nearly doubled to Rs 16.8 crore in the third quarter ended December 31, 2016.
The company had posted standalone net profit of Rs 8.3 crore in the year-ago period, Hindustan Copper Ltd said in a statutory stock market filing.
The standalone income from operations of the company increased to Rs 248.6 crore in the quarter under review, from Rs 227.6 crore in the corresponding period of the previous fiscal.
Total expenses of the company increased marginally to Rs 237.7 crore, from Rs 232.1 crore in the year-ago period.
Hindustan Copper Ltd has the distinction of being the country’s only vertically integrated copper producing company encompassing mining, beneficiation, smelting, refining and casting of refined copper metal.