Hindustan Copper Ltd's Q1FY19 standalone net profit rises 244% yoy to Rs35.3cr

The company’s standalone revenue in the period stood at Rs422cr, up 0.1% yoy and 10.2% qoq.

Aug 09, 2018 03:08 IST India Infoline Research Team

Hindustan Copper Ltd Q1FY19

Standalone Results Q1FY19: (in Rs cr)

Q1FY19 YoY (%)
Revenue 422 0.1
EBITDA 109 125.4
EBITDA Margin (%) 25.9 1,437
Net Profit (adjusted) 35.3 243.9
***EBITDA margin change is bps

Hindustan Copper Ltd reported a sharp earnings growth for Q1FY19 in spite of flat revenue growth. Revenue in the quarter grew 0.1% yoy to Rs422cr. EBITDA stood at Rs109cr, up 125.4% yoy. EBIDTA margin rose 1,438bps to 25.9%. Net profit stood at Rs35.3cr for Q1FY19, an increase of 243.9% yoy.
  • Employee costs rose 12.8% yoy to Rs92.4cr in Q1FY19.
  • Finance costs rose sharply to Rs20cr in Q1FY19 against Rs3.2cr in Q1FY18. This was due to the ongoing expansion in production for the company.
  • Tax rate for Q1FY19 stood at 30.6% against a tax rate of 34.6% in FY18.

Technical View:

Hindustan Copper Ltd ended the day at Rs63.85, up 0.95 points, or 1.51%, from its previous close of Rs62.90 on the BSE. The scrip opened at Rs63.10 and has touched a high and low of Rs64.45 and Rs63.10, respectively. A total of 15,44,871 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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