Hindustan Copper Posts 173% Growth in H1 Profit; Revenue Surges 71% to Rs 2,112 Crore – Indian PSU

Hindustan Copper Limited (HCL), a Miniratna Category-I Central Public Sector Enterprise under the Ministry of Mines, has delivered an exceptional financial performance in the first half of FY 2026-27, recording a 173% jump in Profit Before Tax (PBT) to Rs 1,167.20 crore.

The company’s PBT during the corresponding period of the previous financial year stood at Rs 427.99 crore.

Profit After Tax (PAT) also witnessed a sharp increase of 172%, rising to Rs 872.15 crore during April-September 2026, compared to Rs 320.30 crore in the corresponding period of the previous year.

Hindustan Copper’s revenue from operations increased by 71% to Rs 2,111.74 crore against Rs 1,234.41 crore recorded during the first half of FY 2025-26.

The company’s EBITDA for the six-month period stood at Rs 1,268 crore, while its EBITDA margin expanded substantially to 60%, compared to 42% in the corresponding period last year.

Q2 performance remains equally impressive

Hindustan Copper maintained its strong earnings momentum during the second quarter of FY 2026-27.

For the quarter ended September 30, 2026, the company reported a Profit Before Tax of Rs 695.43 crore, registering a growth of 180% over Rs 248.63 crore in the corresponding quarter of the previous year.

Profit After Tax surged 179% to Rs 519.54 crore against Rs 186.02 crore in Q2 FY 2025-26.

Revenue from operations increased 64% to Rs 1,175.24 crore compared to Rs 718.04 crore in the year-ago quarter.

The company attributed the robust profitability to higher sales volumes and favourable metal prices, supported by operational excellence and sustained productivity.

Expansion plans to strengthen future growth

The impressive financial performance comes at a time when Hindustan Copper is pursuing an ambitious expansion programme to increase domestic copper production capacity.

The company has set a target of achieving 12.2 million tonnes per annum (MTPA) of ore production by 2030.

Its expansion strategy includes increasing production from existing mines, reopening closed mines in Jharkhand and acquiring new mining assets in states including Chhattisgarh and Madhya Pradesh. The company is also progressing with its overseas copper exploration initiatives in Chile.

With copper emerging as a critical metal for electric mobility, renewable energy, power transmission, infrastructure development and emerging technologies, Hindustan Copper is strategically positioned to benefit from the anticipated growth in domestic and global demand.

A strong financial turnaround

The 173% growth in first-half PBT, accompanied by a 71% increase in revenue and a significant improvement in EBITDA margin, underlines the company’s strong earnings momentum.

However, sustaining this performance will depend on the company’s ability to expand mining capacity, improve production efficiency and maintain operational consistency amid fluctuations in international copper prices.

For now, Hindustan Copper has delivered a particularly strong first-half performance, reinforcing its importance in India’s efforts to strengthen domestic copper production and reduce dependence on imports.