Hindustan Copper's Q4 net profit plunges 80% to Rs 27 crore

State-owned Hindustan Copper, the country's only copper producer saw a 80% decline in its net profit at Rs 27 crore for the quarter ended March 31, 2015. The firm had posted a net profit of Rs 137 crore in the same period last year. Total income of the public sector copper major declined by 49% to Rs 257 crore in the January-March quarter of FY15 against Rs 501 crore in corresponding period of FY14.

For 2014-15 , Hindustan Copper's net profit declined 76% to Rs 68 crore from Rs 286 crore in 2013-14. Total income fell by 32% to Rs 1,016 crore from Rs 1,489 crore during the corresponding period. The company said its board recommended a dividend of Rs 0.15 per share for the financial year 2014-15. The company's shares went up 0.32 per cent up at Rs 62.10 per unit on the BSE.