Hindustan Copper Q4 net down 27% to Rs 137 crore

Company had reported a net profit of Rs 188.09 crore in the corresponding quarter of last fiscal

State-run Hindustan Copper today reported 27% 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.