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Hindustan Copper reports 50% drop in Q3 net profit

03 Feb 2016 Evaluate

Hindustan Copper has reported results for third quarter ended December 31, 2015.

The company has reported 50.05% drop in its net profit at Rs 5.29 crore for the quarter ended December 31, 2015 as compared to Rs 10.59 crore for the same quarter in the previous year. The company’s total income has decreased by 16.20% to Rs 215.52 crore for the quarter under review from Rs 257.17 crore for the corresponding quarter of the previous year. 

Hindustan Copper’s principal activities include mining of copper ore, concentration of copper ore into copper concentrate through a beneficiation process and also smelting, refining and extruding of the copper concentrate into refined copper in downstream saleable products.

Peers
Company Name CMP
Hindalco Industries 942.30
Vedanta 258.90
Hindustan Zinc 565.30
Jain Resource Recycl 292.60
CMR Green Tech 225.00
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