Hindustan Copper Limited has announced its audited financial results for the fiscal year ended March 31, 2026. The company reported a robust financial performance with a substantial rise in both revenue and profitability for the full year. The Board of Directors, which met on May 15, 2026, approved the financial statements and recommended a final dividend for shareholders.

Financial Performance

For the year ended March 31, 2026, the company reported a standalone net profit of ₹920.67 crore, a 96.5% increase compared to ₹468.53 crore in the previous year. Revenue from operations surged to ₹3077.92 crore from ₹2070.96 crore in the prior year, marking a 48.6% growth. Total income for the year stood at ₹3149.67 crore, up from ₹2149.29 crore in FY25.

On a quarterly basis, profit for the period stood at ₹444.06 crore for the quarter ended March 31, 2026, compared to ₹190.54 crore in the corresponding quarter of the previous year. Revenue from operations for the quarter was ₹1156.08 crore, significantly higher than the ₹731.40 crore recorded in the same period last year.

Segment and Operational Details

The company is primarily engaged in the business of mining and processing copper ore into copper concentrate, which has been grouped as a single segment in the disclosures. The financial results include an exceptional item of ₹95.75 crore for the year, relating to a one-time provision for a Post-Retirement Medical Scheme introduced during the quarter ended December 31, 2025.

Dividend and Fund Raising

The Board of Directors has recommended a final dividend of ₹1.86 per equity share of face value ₹5 each for the financial year 2025-26. This is in addition to the interim dividend of ₹1.00 per share already paid on March 5, 2026. The record date and payment date for the final dividend will be intimated after shareholder approval at the upcoming Annual General Meeting.

Furthermore, the Board has recommended seeking shareholder approval to raise funds. This includes issuing secured or unsecured non-convertible debentures or bonds via private placement up to ₹500 crore. Additionally, the company proposes to raise funds by issuing equity shares through the Qualified Institutional Placement (QIP) route, aggregating up to 9,69,76,680 equity shares, to fund capital expenditure and expansion plans approved by the Cabinet Committee on Economic Affairs.

Key Financial Metrics

The following table summarizes the standalone financial performance for the year and quarter ended March 31, 2026:

Hindustan Copper Limited has filed a revised Statement of Standalone Cash Flow Statement for the year ended 31st March 2026. The revision addresses an inadvertent printing error in Annexure-A of the original filing, specifically concerning the 'Cash & Cash Equivalent- at the end of the year' for the previous year ending 31st March 2025. The figure was initially printed as ₹89.85 crore instead of ₹79.52 crore. The opening balance for the current year was correctly stated as ₹79.52 crore in the original submission. Consequently, the closing cash and cash equivalents for FY26 are reported as ₹820.22 crore. The company confirmed that there is no change in the profitability of the company due to this correction.

Revised Cash Flow Metrics

The revised statement details the cash flows for the year ended 31st March 2026. Net cash from operating activities stood at ₹1473.57 crore, compared to ₹544.31 crore in the previous year. Net cash used in investing activities was ₹(433.52) crore, while net cash used in financing activities amounted to ₹(299.35) crore. This resulted in a net increase in cash and cash equivalents of ₹740.70 crore for the fiscal year.

Breakdown of Cash Equivalents

Annexure-A of the revised statement provides a detailed breakdown of the cash and cash equivalents. As of 31st March 2026, current financial assets in cash and cash equivalents stood at ₹395.85 crore, while bank balances other than cash totaled ₹412.57 crore. Non-current financial assets classified as others amounted to ₹11.80 crore. The total cash and cash equivalents at the end of the year were ₹820.22 crore.

The revised statement was signed by Sanjiv Kumar Singh, Chairman and Managing Director & CEO, and Mritunjay Kumar Dev, Company Secretary & Compliance Officer. The audit opinion remains unmodified.