India's First PSU Copper Producer Posts Q3 FY26 Results: Revenue Soars 110%, Announces Interim Dividend
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Prior to the announcement, the stock had fallen 24 per cent from its all-time high to Rs 555, pressured by a broader decline in copper prices and a strengthening U.S. dollar.
Hindustan Copper Limited (HCL), India’s only vertically integrated copper producer and a Miniratna Category-I CPSE under the Ministry of Mines, reported strong performance in the third quarter of FY26. The company posted significant growth across revenue, profitability, and operational metrics, and announced an interim dividend for shareholders.
For the quarter ended 31 December 2025, Hindustan Copper recorded revenue from operations of Rs 687.34 crore, a year-on-year (YoY) increase of 109.7 per cent from Rs 327.77 crore in Q3 FY25. Total income for the period rose to Rs 705.31 crore, up 105.28 per cent from Rs 343.57 crore in the same quarter last year. The nine-month revenue performance also remained strong, with operations generating Rs 1,921.84 crore, up 43.47 per cent from Rs 1,339.56 crore in the corresponding period of the previous fiscal year.
The robust top-line growth was driven by higher demand for Hindustan Copper’s products and improved operational efficiency across its mining and refining units. Profitability surged during Q3 FY26, with the company reporting a consolidated net profit of Rs 156.30 crore, up 148 per cent from Rs 62.90 crore in Q3 FY25. Profit before Tax (PBT) rose 151.62 per cent YoY to Rs 212.53 crore.
Earnings per share (EPS) mirrored the strong profitability, increasing to Rs 1.62 from Rs 0.65 in the same quarter last year, a rise of 149.23 per cent. For the nine-month period, net profit reached Rs 476.61 crore, up 71.42 per cent from Rs 277.99 crore, while EPS improved to Rs 4.93 from Rs 2.88.
Recognising its solid financial performance, Hindustan Copper declared an interim dividend of Rs 1 per equity share, representing 20 per cent of the face value of Rs 5 each. The record date for determining shareholder eligibility is 13 February 2026.
Prior to the announcement, the stock had fallen 24 per cent from its all-time high to Rs 555, pressured by a broader decline in copper prices and a strengthening U.S. dollar.
Globally, copper prices remain volatile due to rising inventories in London Metal Exchange (LME) and Shanghai warehouses, slowing demand from Chinese fabricators ahead of Lunar New Year holidays, and expectations of higher refined copper output in China. The benchmark three-month copper on the LME dropped to USD 12,925 per ton, while the U.S. dollar index strengthened above 97.5, adding further pressure on greenback-denominated commodities.
Disclaimer: The article is for informational purposes only and not investment advice.