Hindustan Copper Q1 Results: Profit Down 29%

Hindustan Copper Ltd.'s consolidated net profit went down 29% in the first quarter of the current financial year.

The real estate firm posted a net profit of Rs 134 crore in the June quarter as compared to Rs 190 crore in the year-ago period, according to an exchange filing on Thursday.

• Net profit down 29% at Rs 134 crore versus Rs 190 crore.

• Revenue down 29.4% at Rs 516 crore versus Rs 731 crore.

• Margin at 41% Vs 36.5%.

• Ebitda down 20.5% at Rs 212 crore versus Rs 267 crore.

Shares of Hindustan Copper closed 0.83% lower at Rs 240 apiece on the NSE, compared to a 0.05% rise in the benchmark Nifty. The stock has fallen 19.57% in the last 12 months and 3.13% on a year-to-date basis.