Hindustan Copper board to consider ₹500-Crore bond issue

23 May 2025 , 12:08 PM

Hindustan Copper Limited stated that it may consider raising up to ₹500 Crore via issue of Non Convertible Debentures (NCDs) or bonds on a private placement basis. The issue shall be considered in the board meeting scheduled on May 27, 2025.

In its regulatory filing with the bourses, the company said that the stated issue may be through secured or unsecured instruments and shall be subject to approval from the shareholders. The company said that the board will review and potentially approve the fundraising plan as part of the meeting agenda.

Hindustan Copper said that its EBITDA margin expanded by 600 bps on a year-on-year basis to 39.95% in the quarter under review. The margin expansion was fueled by a sharp decline in costs. It also said that its other expenses were down by 4%. Additionally, employee benefit expenses and power & fuel costs slipped 21% on a year-on-year basis.

Other income slipped 62% year-on-year. 

The company also announced that it registered almost flat revenue in Q4FY25 at ₹565 Crore. EBITDA for the period under review logged a growth of 21% on a year-on-year basis to ₹225.70 Crore.

At around 11.37 AM, Hindustan Copper was trading 1.62% higher at ₹230.13, against the previous close of ₹226.46 on NSE. The counter touched an intraday high and low of ₹231.24, and ₹225.250, respectively.

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