Hind Copper Q4 net up 37% at Rs 188 cr

Hindustan Copper today reported 37% rise in net profit at Rs 188 crore for the quarter ended March 31, despite decline in total income.

The state-owned firm had clocked Rs 137.43 crore net profit in the January-March quarter of the last fiscal, it said in a BSE filing.

Total Q4 income of the company was down, however, at Rs 415 crore from Rs 686.70 crore the year-ago period.

Expenses were also down to Rs 370.24 crore from Rs 415.68 crore a year earlier.

For the 2012-13 fiscal, Hindustan Copper's net profit rose to Rs 355.64 crore, from Rs 323.47 crore in 2011-12. Income was down to Rs 1,323.14 crore from Rs 1,487.56 crore.

The company's scrip settled at Rs 97.45, down 4.37% on the BSE over the previous close.