Hindustan Copper posted a set of very strong numbers, mainly on account of higher expenses last quarter. For Q4FY17, it posted a 59% (YoY) rise in revenue at Rs.563 crore and net profit came in at Rs.41 crore v/s Rs.58 lakh. What helped were the costs and other income. Costs were at 99% of total income while last quarter it had exceeded the income earned.  There was also the other income of Rs.49 crore.

The PSU ended FY17 with a 13% rise in revenue at Rs.1209 crore and net profit came in at Rs.62 crore, up 38%. The company’s equity is at Rs.463 crore. Unlike most PSUs, it is not very cash rich – cash as at end of FY17 stood at Rs.1 crore only v/s Rs.41 crore in FY16. Reserve is at Rs.1004 crore.

Govt owns 82.88% stake and institutions have 13.41% holding, leaving floating stock of 3.71%. LIC holds 10.70%.