Hindustan Copper Q4 Net down 27% to Rs 137 crore

Tags: News
State-run Hindustan Copper today reported 27 per cent decline in net profit for the quarter ended March 31 to Rs 136.88 crore due to lower "other income" even as sales rose.

The Kolkata-based integrated copper producer had reported a net profit of Rs 188.09 crore in the corresponding quarter of last fiscal, it said in a BSE filing.

The company's net sales rose to Rs 496.25 crore, against Rs 414.68 crore in the year-ago period.

Expenses fell to Rs 301.47 crore from Rs 370.24 crore and other income fell to Rs 36.83 crore from Rs 135.39 crore in the year-ago period, it said.

For the full fiscal 2013-14, Hindustan Copper's net profit fell to Rs 286.42 crore from Rs 355.64 crore while net sales rose to Rs 1,479.73 crore from Rs 1,321.77 crore a year earlier.

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