Board Meeting Details

The Board of Directors of Hindustan Copper Limited (HCL) met on November 11, 2026. The meeting commenced at 4:00 PM and concluded at 8:00 PM. The Board considered and approved the Unaudited Financial Results (Standalone & Consolidated) for the quarter ended September 30, 2026.

Standalone Financial Performance (Quarter Ended September 30, 2026)

  • Revenue from Operations: ₹1,175.24 crore (Q2 FY26: ₹718.04 crore)
  • Other Income: ₹40.57 crore (Q2 FY26: ₹10.91 crore)
  • Total Income: ₹1,215.81 crore (Q2 FY26: ₹728.95 crore)
  • Profit Before Tax (PBT): ₹695.43 crore (Q2 FY26: ₹248.63 crore)
  • Tax Expense: ₹175.89 crore (Current Tax: ₹171.11 crore, Deferred Tax: ₹4.78 crore)
  • Profit After Tax (PAT): ₹519.54 crore (Q2 FY26: ₹186.02 crore)
  • Other Comprehensive Income (net of tax): ₹2.67 crore
  • Total Comprehensive Income: ₹522.21 crore
  • Earnings Per Share (EPS) - Basic & Diluted: ₹5.37 (Q2 FY26: ₹1.92)

Standalone Financial Performance (Half Year Ended September 30, 2026)

  • Revenue from Operations: ₹2,111.74 crore (H1 FY26: ₹1,234.41 crore)
  • Other Income: ₹57.67 crore (H1 FY26: ₹21.19 crore)
  • Total Income: ₹2,169.41 crore (H1 FY26: ₹1,255.60 crore)
  • Profit Before Tax (PBT): ₹1,167.20 crore (H1 FY26: ₹427.99 crore)
  • Tax Expense: ₹295.05 crore (Current Tax: ₹270.37 crore, Deferred Tax: ₹24.68 crore)
  • Profit After Tax (PAT): ₹872.15 crore (H1 FY26: ₹320.30 crore)
  • Other Comprehensive Income (net of tax): ₹5.34 crore
  • Total Comprehensive Income: ₹877.49 crore
  • Earnings Per Share (EPS) - Basic & Diluted: ₹9.02 (H1 FY26: ₹3.31)

Standalone Expense Breakdown (Quarter Ended September 30, 2026)

  • Cost of Materials Consumed: ₹40.87 crore
  • Changes in Inventories: (₹3.00) crore
  • Cost of Stores, Spares & Tools: ₹38.42 crore
  • Employee Benefits Expense: ₹88.55 crore
  • Consumption of Power & Fuel: ₹45.38 crore
  • Royalty & Cess: ₹99.38 crore
  • Contractual Job for Process: ₹115.53 crore
  • Finance Costs: ₹2.25 crore
  • Depreciation and Amortisation: ₹45.70 crore
  • Other Expenses: ₹47.30 crore
  • Total Expenses: ₹520.38 crore

Standalone Balance Sheet Position (as of September 30, 2026)

  • Total Assets: ₹5,236.26 crore (March 31, 2026: ₹4,421.18 crore)
  • Non-Current Assets: ₹3,109.37 crore (PPE: ₹1,885.51 crore, CWIP: ₹874.10 crore)
  • Current Assets: ₹2,126.89 crore (Inventories: ₹442.69 crore, Trade Receivables: ₹666.93 crore, Cash & Cash Equivalents: ₹590.72 crore, Bank Balances: ₹285.60 crore)
  • Total Equity: ₹4,225.21 crore (Share Capital: ₹483.51 crore, Other Equity: ₹3,741.70 crore)
  • Non-Current Liabilities: ₹211.29 crore
  • Current Liabilities: ₹799.76 crore

Standalone Cash Flow (Half Year Ended September 30, 2026)

  • Cash from Operating Activities: ₹843.42 crore (after tax payment of ₹201.50 crore)
  • Cash used in Investing Activities: (₹277.08) crore (Purchase of Fixed Assets: ₹242.70 crore, Mine Development: ₹52.53 crore)
  • Cash used in Financing Activities: (₹113.00) crore (Loan repayment: ₹109.91 crore, Interest paid: ₹3.09 crore)
  • Net Increase in Cash: ₹453.34 crore
  • Cash & Equivalents at period end: ₹1,273.56 crore

Consolidated Financial Performance (Quarter Ended September 30, 2026)

  • PAT Attributable to Owners: ₹518.13 crore (after share of JV loss: ₹1.41 crore)
  • Total Comprehensive Income Attributable to Owners: ₹520.80 crore
  • EPS - Basic & Diluted: ₹5.36

Consolidated Financial Performance (Half Year Ended September 30, 2026)

  • PAT Attributable to Owners: ₹870.50 crore (after share of JV loss: ₹1.65 crore)
  • Total Comprehensive Income Attributable to Owners: ₹875.84 crore
  • EPS - Basic & Diluted: ₹9.00

Subsidiary and Joint Venture Details

The consolidated results include:

  • Chhattisgarh Copper Limited (74% subsidiary): Reported nil revenue and a loss of ₹0.27 lakh for H1 FY27.
  • Khanij Bidesh India Limited (30% joint venture): Reported a loss of ₹1.65 crore for H1 FY27.

Segment Information

The company operates as a single segment engaged in mining and processing of copper ore into copper concentrate and manufacturing of continuous copper wire rods.

Capital Structure

Paid-up Equity Share Capital remained unchanged at ₹483.51 crore (Face Value ₹5 per share).