Hindustan Copper Ltd reported a de-growth in revenue and earnings for Q4FY18 due to higher base established in Q4FY17. Revenue de-grew by 37.5% yoy to Rs383cr. EBITDA stood at Rs80.7cr down 22.2% yoy. EBIDTA margin rose by 415bps to 21.1%. Net Profit stood at Rs22cr for Q4FY18, a decrease of 46.1% yoy.
Results for FY18 stood at:
Revenue – Rs1,720cr, up 31.2% yoy
EBITDA – Rs280.6cr, up 120% yoy
EBITDA Margin – 16.3%, up 658bps yoy
Net Profit – Rs80cr, up 28.4% yoy
The Board of Directors have voted to raise the borrowing limit of the company to Rs1,500cr from Rs800cr. The debt of the company stood at Rs657 at the end of FY18.
Tax Rate for FY18 stood at 34.6% against a tax rate of 34.3% in FY17.
Hindustan Copper Ltd ended at Rs. 75.80, up by 0.85 points or 1.13% from its previous closing of Rs. 74.95 on the BSE.
The scrip opened at Rs. 74.30 and touched a high and low of Rs. 76.50 and Rs. 74.30 respectively. A total of 28,33,779 (NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.
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