Hindustan Copper Q4 profit more than doubles on strong margin, revenue surge

Hindustan Copper reported a strong set of fourth-quarter results on May 15, with profit more than doubling year-on-year, aided by robust revenue growth and sharp margin expansion.

The state-run miner posted a net profit of ₹444.3 crore for Q4FY26, compared with ₹187.2 crore in the year-ago period. Revenue rose 58% year-on-year to ₹1,156 crore from ₹731.4 crore, while EBITDA surged to ₹627 crore from ₹266 crore a year earlier.

Operating margin expanded sharply to 54.3% from 36.4% in the corresponding quarter last year, reflecting improved operational performance and stronger profitability.

The company’s board recommended a final dividend of ₹1.86 per share for FY26, in addition to the interim dividend of ₹1 per share already paid during the year. The final dividend is subject to shareholder approval at the upcoming annual general meeting.

The board also approved plans to raise up to ₹500 crore through non-convertible debentures or bonds on a private placement basis. Additionally, Hindustan Copper proposed raising funds via qualified institutional placement (QIP) of up to 9.69 crore equity shares to support its capital expenditure and expansion plans approved by the Cabinet Committee on Economic Affairs (CCEA).

Ahead of the results announcement, shares of Hindustan Copper closed 5.45% lower at ₹573.40 on the NSE.

Earlier in April, the company unveiled its “Vision 2030” expansion roadmap involving a capital expenditure plan of ₹7,188.6 crore aimed at significantly scaling up mining operations. Hindustan Copper plans to increase ore production capacity from 4.21 million tonnes per annum (MTPA) in FY26 to 12.20 MTPA by FY30, while milling capacity is also expected to rise to 12.20 MTPA over the same period.

Also Read: Hindustan Copper unveils ₹7,188 crore Vision 2030 plan, targets 12.2 MTPA ore capacity

The company has also outlined a broader digital transformation strategy, including ERP modernisation, private 5G deployment, AI/ML-led analytics and integrated command centres as part of its long-term growth roadmap.