Hindustan Copper Limited Registers Net Profit Of Rs 109.98 Crore In 2020-21


Hindustan Copper Limited net profit for 2020-21 stood at Rs 109.98 crore

Hindustan Copper Limited (HCL) announced its annual results for the financial year 2020-21, reporting a net profit of Rs 109.98 crore, compared to a loss of Rs 598.21 crore in the previous fiscal year 2019-20. The central public-sector enterprises (CPSE) under the Ministry of Mines, reported a total income of Rs 1,821.61 crore in fiscal 2020-21, compared to Rs 888.81 crore in the previous financial year. 

The public-sector company declared a dividend of a total amount of Rs 33.85 crore to be paid in the current financial year 2021-22, according to the guidelines issued by the Department of Public Enterprises, said the Ministry of Mines in a statement released on Friday, July 2. 

Hindustan Copper also reduced its debt burden which resulted in a debt equity ratio of 2.11 lower from the previous year’s mark of 4.21.

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