Hindustan Copper last month reported an 81% year-on-year (YoY) surge in its consolidated net profit (attributable to the owners of the company) to ₹183.79 crore in the 2025-26 financial year (Q2Y26).
On Tuesday, December 30, shares of Hindustan Copper, the nation’s top producer of copper, increased for the eighth consecutive session on rising copper prices on both domestic and foreign markets. The company’s shares reached an intraday high of ₹519.80 on Tuesday after rising as much as 41% during the previous eight trading sessions. In the previous session, the stock reached a record high of ₹545.95.
On Tuesday, the stock rose as much as 6.64% on the National Stock Exchange and on the BSE, Hindustan Copper shares advanced a much as 6.62% to hit an intraday high of ₹519.75 amid higher than usual trading volumes.
As many as 76 lakh shares changed hands on the BSE in early trading as against an average 39.68 lakh shares traded daily in the past two weeks. On the National Stock Exchange 7.15 crore shares worth ₹3,640 crore changed hands, data from the stock exchanges showed.
Meanwhile, copper futures for delivery on December 31 advanced as much as 3.99% to ₹1,249.70 per kilogram on the MCX.
So far this year, copper prices have rallied by more than 50% and are poised for their biggest annual gain since 2009, supported by rising demand from technology and energy transition sectors and tariff-related uncertainties.
Market experts noted that global copper prices have surpassed the $12,000-per-tonne mark on the LME for the first time and will continue to march higher on the bourse.
They attributed the current surge to supply challenges in major producing regions such as Chile and Indonesia, where environmental disruptions and operational issues have contributed to a tighter global market.
As per a report by global investment bank JPMorgan, copper is likely to surge to $12,500 per million tonnes in the second half of 2026 ultimately averaging $12,075/mt for the full year.
JPMorgan report stated that copper market has tightened significantly on the back of acute supply disruptions, sending prices soaring.
Hindustan Copper Q2 earnings
Hindustan Copper last month reported an 81% year-on-year (YoY) surge in its consolidated net profit (attributable to the owners of the company) to ₹183.79 crore in the 2025-26 financial year (Q2Y26).
In the same period last year, it had logged a net profit of ₹101.67 crore, it said in a regulatory filing.
Its revenue from operations advanced 38.6% YoY to ₹718.04 crore during the quarter under review, compared to ₹518.19 crore in the September quarter of the 2024-25 fiscal year (Q2FY25).
FAQ: Hindustan Copper Share Price, Earnings & Copper Rally
Why did Hindustan Copper shares rise on December 30?
Hindustan Copper shares rose due to a sharp rally in global and domestic copper prices, strong trading volumes, and improving fundamentals. The stock has gained for eight consecutive sessions.
How much did Hindustan Copper shares gain recently?
The stock surged over 41% in the last eight trading sessions and hit an intraday high of around ₹519.80 on December 30. It had touched a record high of ₹545.95 in the previous session.
What is driving the surge in copper prices?
Copper prices are rising due to:
Strong demand from technology and energy transition sectors
Supply disruptions in major producing countries like Chile and Indonesia
Tight global inventories
Tariff-related and geopolitical uncertainties
How have copper prices performed in 2025?
Copper prices have rallied more than 50% this year, marking their strongest annual performance since 2009.
What are current copper futures prices in India?
Copper futures on the MCX for December 31 delivery rose nearly 4% to ₹1,249.70 per kg.
What is happening to global copper prices?
Global copper prices on the London Metal Exchange (LME) have crossed $12,000 per tonne for the first time, reflecting tight supply and strong demand.
What is JPMorgan’s outlook on copper prices?
According to JPMorgan, copper prices could:
Rise to $12,500 per tonne in the second half of 2026
Average around $12,075 per tonne over the full year
The bank cited acute supply disruptions as a key reason.
Why is Hindustan Copper benefiting from rising copper prices?
As India’s largest copper producer, Hindustan Copper directly benefits from higher copper prices, which improve revenue realization, margins, and profitability.
What were Hindustan Copper’s Q2 FY26 earnings?
For Q2 FY26, Hindustan Copper reported:
Net profit: ₹183.79 crore (up 81% YoY)
Revenue from operations: ₹718.04 crore (up 38.6% YoY)
How did Q2 FY26 earnings compare year-on-year?
In Q2 FY25, the company had reported:
Net profit of ₹101.67 crore
Revenue of ₹518.19 crore
The sharp improvement reflects better copper prices and higher operational efficiency.
Was there unusually high trading activity in the stock?
Yes. About:
76 lakh shares were traded on the BSE (vs a two-week average of ~40 lakh)
7.15 crore shares worth ₹3,640 crore changed hands on the NSE
Is Hindustan Copper a PSU company?
Yes. Hindustan Copper is a public sector undertaking (PSU) under the Ministry of Mines, Government of India.
What risks could impact Hindustan Copper shares?
Potential risks include:
Volatility in global commodity prices
Changes in demand from industrial sectors
Operational challenges or regulatory issues
Is the copper rally expected to continue?
Market experts believe copper prices could remain strong in the near to medium term due to supply constraints and rising global demand, especially from green energy and EV sectors.
What should investors watch going forward?
Investors should monitor:
Global copper price movements
LME inventory levels
Company earnings and production updates
Global economic and trade developments
