Hindustan Copper shares slip 5.5 pc on Q1 net loss

Image
Press Trust of India New Delhi
Last Updated : Aug 23 2016 | 5:42 PM IST
Shares of Hindustan Copper today tanked 5.5 per cent after the company reported a net loss of Rs 2.88 crore for the quarter ended June 30, 2016.
The scrip fell 5.49 per cent to close at Rs 66.25 on BSE. During the day, it dived 5.77 per cent to Rs 66.05.
At NSE, shares of the company slipped 5.34 per cent to end at Rs 66.45.
The firm had clocked a net profit of Rs 20 crore in the year-ago period, it had said in a BSE filing yesterday.
Total income fell to Rs 206.23 crore in April-June quarter of this fiscal from Rs 236.38 crore during the same period of 2015-16.
The company's total expenses were marginally higher at Rs 223.61 crore, against Rs 222.19 crore in the year-ago period.
The firm manufactures copper, right from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 23 2016 | 5:42 PM IST

Next Story