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Hindustan Copper Ltd's Q2FY19 standalone net profit rises 23.4% yoy to Rs35.3cr
The company’s standalone revenue in the quarter stood at Rs469cr, down 1.3% yoy but up 12.3% qoq
Nov 13, 2018 12:11 IST India Infoline Research Team
Hindustan Copper Ltd Q2FY19
Standalone Results Q2FY19: (in Rs cr)
| Q2FY19 | YoY (%) | |
|---|---|---|
| Revenue | 469 | [1.3] |
| EBITDA | 133 | 64.4 |
| EBITDA Margin (%) | 28.3 | 1,130 |
| Net Profit (adjusted) | 35.3 | 23.4 |
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Hindustan Copper Ltd reported a sharp increase in its margins for Q2FY19. Revenue in the quarter fell 1.3% yoy to Rs469cr. EBITDA stood at Rs133cr, up 64.4% yoy. EBIDTA margin rose 1,130bps to 28.3%. Net profit stood at Rs35.3cr for Q2FY19, an increase of 23.4% yoy.
- Employee costs fell 9% yoy to Rs79.7cr in Q2FY19.
- Finance costs rose sharply to Rs10.9cr in Q2FY19 against Rs4.7cr in Q2FY18. This is due to the ongoing expansion in production.
- Tax rate for H1FY19 stood at 35.2% against a tax rate of 34.6% in FY18.
Technical View:
Hindustan Copper Ltd ended at Rs52.10, up 0.4 points, or 0.77%, from its previous close of Rs51.70 on the BSE. The scrip opened at Rs52 and has touched a high and low of Rs52.80 and Rs51.70, respectively. A total of 7,18,017 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200-DMA.
