Hindustan Copper posted robust financial performance for the first quarter of FY27, with revenue from operations rising 29% year-on-year to ₹936.5 crore. The Miniratna Category-1 public sector undertaking also reported a profit before tax (PBT) of ₹471.8 crore for the period ending July 2026.

The strong quarterly result follows a record-breaking FY26, where the company logged revenue of ₹3,077.9 crore and PBT of ₹1,232.7 crore. For the full fiscal year 2025-26, Hindustan Copper declared a total dividend of ₹276.6 crore, a significant increase from the ₹141.2 crore paid in FY25.

Financial Performance

The company’s financial trajectory shows consistent growth over the past five years. Revenue has more than doubled from ₹1,677.3 crore in FY23 to ₹3,077.9 crore in FY26. Similarly, PBT expanded from ₹395.7 crore in FY23 to ₹1,232.7 crore in FY26.

Operational Highlights

Physically, Hindustan Copper achieved a seven-year production high in FY26. Metal in concentrate (MIC) production reached 27,421 tonnes, marking a 9% increase over the previous year. Copper ore production stood at 3.67 million tonnes, up 6% year-on-year. Sales volume of MIC rose 12% to 27,369 tonnes, setting a five-year record.

The company maintains access to approximately 45% of India’s copper ore reserves and resources, totaling 767.37 million tonnes as of April 1, 2025. This resource base supports its strategy to expand mining capacity from around 4 million tonnes per annum (MTPA) to 12.20 MTPA by FY30.

Balance Sheet & Capital Allocation

Hindustan Copper continues to strengthen its balance sheet, reducing its loan outstanding from ₹408.3 crore in March 2022 to ₹89.9 crore as of July 2026. Despite deleveraging, the company has consistently exceeded its Ministry of Corporate Affairs (MoU) capital expenditure targets. Actual CAPEX in FY26 was ₹465 crore against a target of ₹350 crore.

What the Numbers Show

The divergence between operational growth and debt reduction highlights efficient capital management. While revenue grew 48% from FY25 to FY26, loans declined by 34% in the same period. This suggests that operating cash flows are sufficiently strong to fund expansion plans—over ₹7,000 crore planned for the next 5–6 years—without increasing leverage. Additionally, the dividend payout nearly doubled in FY26, signaling confidence in sustainable cash generation.

Strategic Roadmap

The company is executing a multi-pronged strategy to meet mine expansion targets:

• Malanjkhand Copper Project (MCP): Expanding underground mines and installing new paste fill and concentrator plants to reach 5.0 MTPA by FY30.
• Khetri Copper Complex (KCC): Doubling capacity from 1.5 MTPA to 3.0 MTPA.
• Indian Copper Complex (ICC): Scaling up from 0.4 MTPA to 4.2 MTPA.
• Gujarat Copper Project (GCP): Issued letter of intent for a revenue-sharing model, with production expected to start by Q4 FY27.

Hindustan Copper is also pursuing overseas opportunities through a memorandum of understanding with CODELCO of Chile and domestic partnerships with PSUs like NTPC Mining and Coal India to enhance mineral security.

Hindustan Copper Limited ( Hindustan Copper ) announced that its Board of Directors has approved the appointment of Smt. Madhumita Daolagupu as an Additional Director (Part-Time Non-Official Independent) on the company's board. The approval was accorded through a resolution by circulation, with effect from August 14, 2026.

The appointment is valid until the date of the ensuing Annual General Meeting (AGM) of the company. This development follows a previous notification from the Ministry of Mines, Government of India, which appointed Smt. Daolagupu and Shri Ashish Kumar Khetan as part-time non-official independent directors for a term of three years, effective from August 14, 2026.

Appointment Details

Smt. Madhumita Daolagupu is not related to any members of the Board of Directors or Key Managerial Personnel of the company, nor to their relatives. She is also not debarred from holding the office of director by virtue of any SEBI order or other authority.

Born on October 19, 1963, Smt. Daolagupu holds a B.Sc. and M.Sc. degree and brings 37 years of experience in teaching, administration, and managing financial affairs. Her professional background includes serving as an Assistant Professor, Associate Professor, and Principal at Haflong Government College, Assam. Additionally, she served as the President of the Governing Body at Government Model College, Assam.

During her tenure in these roles, she managed financial affairs, arranged maintenance and upkeep of college buildings, and conducted selections for teaching and non-teaching posts.

Regulatory Compliance

The intimation regarding the appointment was submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for information and record purposes. Mritunjay Kumar Dev, Company Secretary & Compliance Officer, signed the disclosure dated August 15, 2026.

Hindustan Copper stated it will undertake necessary actions to complete statutory formalities regarding the appointments. The company will disclose requisite details in accordance with Regulation 30 of the SEBI LODR Regulations, 2015, as amended, read with the SEBI Circular dated January 30, 2026.