Hindustan Copper LimitedQ1 FY27 Results & Financial Update

Hindustan Copper Limited: Q1 FY27 consolidated results and company financials – revenue ₹936.50 Cr, PAT ₹352.37 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: HINDCOPPERPublished 19 Oct 2026Updated 19 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹936.50 CrReported Q1 FY27
Profit after tax₹352.37 CrReported Q1 FY27
EPS₹3.64Reported Q1 FY27

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Quarterly Results AnalysisExplore Hindustan Copper Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Hindustan Copper Limited reported consolidated revenue from operations of INR 936.50 crore for the quarter ended 30 June 2026, marking an expansion from INR 516.37 crore in the corresponding period of the previous year, though moderating sequentially from INR 1,156.08 crore in the quarter ended 31 March 2026.

02

Total consolidated income reached INR 953.60 crore for Q1 FY27, bolstered by INR 17.10 crore in other income, comparing against INR 526.65 crore a year ago and INR 1,188.76 crore in the preceding quarter.

03

Profit before tax (PBT) for the quarter stood at INR 471.77 crore, up substantially from INR 179.36 crore in Q1 FY25, while easing from INR 592.21 crore reported in Q4 FY26.

04

Consolidated net profit attributable to owners of the company (PAT) settled at INR 352.37 crore for Q1 FY27, compared to INR 134.25 crore in the corresponding quarter of the previous financial year and INR 444.27 crore in the immediate previous quarter.

06

Total expenses for the quarter were contained at INR 481.83 crore, reflecting disciplined cost absorption relative to top-line expansion, driven by favorable inventory adjustments and controlled consumption of stores, spares, and power.

07

Statutory auditor review reports highlight ongoing governance non-compliances under the Companies Act, 2013, noting the absence of Independent Directors required to constitute a valid Audit Committee since November 2024 and the vacancy of a Woman Director since March 2025.

01 · Business model

What does Hindustan Copper do?

Hindustan Copper Limited is a vertically integrated public sector enterprise operating under the administrative control of the Ministry of Mines, Government of India. The company's core economic engine spans mining and processing of copper ore into copper concentrate, alongside downstream manufacturing facilities producing continuous copper wire rods.

The enterprise commands captive mining assets and processing facilities across multiple states in India, positioning itself as a primary domestic producer of refined copper and related mineral derivatives. Operations encompass all stages of the value chain from underground and open-cast mining to beneficiation, smelting, refining, and casting.

The consolidated reporting entity includes Hindustan Copper Limited as the parent, alongside subsidiary Chhattisgarh Copper Limited and joint venture Khanij Bidesh India Limited (KABIL), reflecting strategic participation in domestic mineral extraction and international critical mineral asset acquisition.

02 · Historical context

What shaped the business before this quarter

Business evolution

Since its establishment as a Government of India enterprise, Hindustan Copper Limited has operated as the sole domestic producer of primary copper, holding extensive mining leases across key mineral belts.

Recent trajectory

Previously, the company structured its operations around major mining units including Khetri Copper Complex in Rajasthan, Malanjkhand Copper Project in Madhya Pradesh, and Indian Copper Complex in Jharkhand.

03 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹936.50 Cr
Total income₹953.60 Cr
Profit before tax₹471.77 Cr
Profit after tax₹352.37 Cr
EPS₹3.64

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 37.6% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 50.4% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹17.10 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

Operational Revenue Expansion

Revenue from operations reached INR 936.50 crore in Q1 FY27, representing a significant year-on-year increase from INR 516.37 crore in Q1 FY26, driven by higher realization and operational off-take.

Other Income Contribution

Other income contributed INR 17.10 crore to the total consolidated income of INR 953.60 crore during the quarter.

What drove margins

Inventory and Material Cost Dynamics

Changes in inventories of finished goods and work-in-progress provided a positive cost offset of INR 37.21 crore, while material consumption stood at INR 26.40 crore.

Employee and Operating Expenses

Employee benefits expense rose to INR 106.27 crore, and other expenses stood at INR 265.68 crore, reflecting underlying operational overheads across mining and processing sites.

Power, Fuel and Overheads

Power and fuel consumption was recorded at INR 39.34 crore, while cost of stores, spares, and tools consumed amounted to INR 28.50 crore.

05 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Single Operating Segment

The company is primarily engaged in the business of mining and processing of copper ore into copper concentrate and manufacturing facilities up to continuous copper wire rods, grouped as a single operating segment under Ind AS 108.

06 · Strategy & new businesses

How the company is trying to change its growth mix

Subsidiary and Joint Venture Holdings

The consolidated results include financial results for subsidiary Chhattisgarh Copper Limited (74% equity holding) and joint venture Khanij Bidesh India Limited (30% equity holding).

07 · Reported developments

What changed operationally

Strong Profitability Growth

Consolidated net profit for Q1 FY27 expanded to INR 352.37 crore from INR 134.25 crore in Q1 FY26, reflecting robust operational performance.

08 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Capital allocation & funding

Finance Costs

Finance costs for the quarter were recorded at INR 3.20 crore, compared with INR 1.64 crore in the corresponding period of the previous year.

09 · Beyond the numbers

What changed beyond the numbers

Reported update

Subsidiary and JV Financial Share

Subsidiary Chhattisgarh Copper Limited registered Nil revenue and a minor group share of total loss of INR 0.10 lakhs, while joint venture Khanij Bidesh India Limited reported a share of loss of INR 0.24 crore for the quarter.

10 · Previous-quarter changes

What changed since the previous quarter

Sequential Moderation

Revenue from operations moderated from INR 1,156.08 crore in Q4 FY26 to INR 936.50 crore in Q1 FY27, with PAT easing from INR 444.27 crore to INR 352.37 crore.

11 · Key Q&A

The quarter, answered directly

What does Hindustan Copper do?

Hindustan Copper Limited is a vertically integrated public sector enterprise operating under the administrative control of the Ministry of Mines, Government of India. The company's core economic engine spans mining and processing of copper ore into copper concentrate, alongside downstream manufacturing facilities producing continuous copper wire rods.

What is the clearest takeaway from Q1 FY27?

Hindustan Copper Limited reported consolidated revenue from operations of INR 936.50 crore for the quarter ended 30 June 2026, marking an expansion from INR 516.37 crore in the corresponding period of the previous year, though moderating sequentially from INR 1,156.08 crore in the quarter ended 31 March 2026.

What drove revenue or demand?

Revenue from operations reached INR 936.50 crore in Q1 FY27, representing a significant year-on-year increase from INR 516.37 crore in Q1 FY26, driven by higher realization and operational off-take.

What mattered most for margins or profitability?

Changes in inventories of finished goods and work-in-progress provided a positive cost offset of INR 37.21 crore, while material consumption stood at INR 26.40 crore.

What changed operationally beyond the headline numbers?

The consolidated results include financial results for subsidiary Chhattisgarh Copper Limited (74% equity holding) and joint venture Khanij Bidesh India Limited (30% equity holding).

What should the next disclosure help confirm?

Monitor steps taken by the company to appoint Independent Directors and a Woman Director to regularize compliance under the Companies Act, 2013.

12 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

13 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Governance and Board Composition: Monitor steps taken by the company to appoint Independent Directors and a Woman Director to regularize compliance under the Companies Act, 2013.

  2. 02

    Mining Output and Volume Trends: Track subsequent quarter ore extraction volumes and copper concentrate realisations across major production complexes.

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Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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