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.
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Chart · Market context
Hindustan Copper price & chart
Quarter overview
Quarterly earnings analysis
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.
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.
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.
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.
Total comprehensive income for the period reached INR 355.04 crore, incorporating net other comprehensive income of INR 2.67 crore, yielding basic and diluted earnings per share (EPS) of INR 3.64 for the quarter.
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.
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
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.
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
| Metric | Q1 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 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.
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.
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
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 contributed INR 17.10 crore to the total consolidated income of INR 953.60 crore during the quarter.
What drove margins
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 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 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
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
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
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 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
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
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?
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
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
- 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.
- 02
Mining Output and Volume Trends: Track subsequent quarter ore extraction volumes and copper concentrate realisations across major production complexes.
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