Hindustan Copper Q2 net rises 42% to Rs 62 cr

HCL had clocked Rs 19 crore net profit in the first quarter of the current fiscal

Higher sales helped state-owned Hindustan Copper (HCL) to post nearly 42% rise in net profit for the July-September quarter at Rs 62 crore.

The Kolkata-based firm had clocked Rs 43.70 crore net profit in the corresponding quarter last fiscal, it said in a BSE filing.

HCL had clocked Rs 18.57 crore net profit in the first quarter of the current fiscal.

Total income increased to Rs 335 crore for the quarter compared to Rs 283.40 crore a year ago.

Though expenses grew, but it is not in the same ratio as that of the sales growth.

Total expenses went up to Rs 270.32 crore form Rs 250.61 crore a year earlier.