Hindustan Copper Limited (HINDCOPPER) Q2 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

Cofacto Research Published November 06, 2026 4 min read

Hindustan Copper Limited, the only copper miner in India, is set to report its Q2 FY 2026-2027 results into a quarter when LME copper hit repeated all-time highs, peaking at $14,858.50/t in September. The print will speak to whether EBITDA margins hold near Q1 FY27's 54.19% and how the ore production ramp toward the 4.71 MT FY 26-27 target is tracking.

Quick Details

Results date	November 11, 2026
Quarter	Q2 FY 2026-2027
Previous quarter revenue	Rs. 936.50 Cr (+81% YoY)
Previous quarter PAT	Rs. 352.61 Cr (+163% YoY)
Previous quarter EBITDA margin	54.19%
Market cap	Rs. 41,325.77 Cr
CMP	Rs. 427.35

Hindustan Copper Limited Q2 Results Date and Time

The Board of Hindustan Copper Limited meets on 11.11.2026 to approve the unaudited standalone and consolidated financial results for the quarter ended 30.09.2026 (Q2 FY27). The trading window remains shut till 13.11.2026.

Separately from the results agenda, the FY26 final dividend of Rs. 1.86/share carried a record date of 16.09.2026, with book closure from 17-23.09.2026. TDS applies at 10% for resident shareholders with PAN linked to Aadhaar and 20% otherwise; the FY26 total dividend of Rs. 2.86/share (Rs. 276.57 Cr payout) was described at the AGM as the highest ever declared by HCL.

Key Things To Watch

Ore production vs the 4.71 MT FY 26-27 target: The FY27 target requires +28.34% growth over FY26's 3.67 MT, while July 2026 ore output grew +7.5% YoY.

Q2 FY27 and H1 FY27 ore production run-rate against the 4.71 MT FY 26-27 target
Unit-level ramp detail at Malanjkhand (2.50 to 5.00 MTPA), Khetri (1.50 to 3.00 MTPA) and ICC (0.40 to 4.20 MTPA — the largest proportional step-up)

Gujarat Copper Project and Taloja tolling progress

Gujarat Copper Project: progress toward production start by Q4 FY27 under the LOHUM revenue-sharing model (50,000-tonne secondary smelter, LME-A grade cathodes including e-scrap)
Taloja Copper Project: progress against the 60,000 TPA cathode tolling target (open-ended guidance)

Fundraising execution and capex pace

QIP status (up to 9,69,76,680 shares) and the Rs. 500 Cr NCD issuance within 12 months of AGM approval, inside the overall Rs. 2,500 Cr borrowing limit
Quarterly capex against the Rs. 7,000+ crore 5-6 year plan, the Rs. 350 Cr/yr MoU benchmark, and FY26's Rs. 464.53 Cr actual
Use of the AAA (Stable) rating upgraded on 22.09.2026 for borrowing costs

IVRCL litigation and governance remediation

IVRCL consortium arbitration: update ahead of the 14.12.2026 MP High Court hearing on Misc. Petition No. 6506/2026, and any disclosure of the award amount or deposit requirements (50% bank guarantee + 50% bond)
Board-composition compliance status and waiver applications following the Rs. 14,43,140 fines from each of BSE and NSE dated 26.08.2026

Margin trajectory and balance sheet

Whether EBITDA margin holds near Q1 FY27's 54.19% versus FY26's 48.70%
Continued loan reduction from Rs. 89.86 Cr (Jul-26) and the funding mix for expansion (internal accruals vs new QIP/NCD proceeds)

Frequently Asked Questions

Is Hindustan Copper's revenue growing?

Revenue rose to Rs. 936.50 Cr in Q1 FY27 from Rs. 516.37 Cr in Q1 FY26, a +81% YoY increase as stated by the company. FY26 consolidated revenue was Rs. 3,077.92 Cr, up 49%, on record MIC sales volume of 27,369 tonnes (+12%).

Is Hindustan Copper on track with its ore production guidance?

The FY 26-27 ore production target is 4.71 Million Tonnes, requiring +28.34% growth over FY26's 3.67 MT actual. The July 2026 IBM print showed ore production of 320,945 t, +7.5% YoY, so the H1 run-rate needs to accelerate to meet the full-year target.

When will Hindustan Copper's Gujarat Copper Project start production?

The Gujarat Copper Project — a 50,000-tonne secondary copper smelter/refinery producing LME-A grade cathodes including e-scrap under a 20-year revenue-sharing partnership with M/s Lohum — targets production by Q4 FY27. HCL has issued the LOI to M/s Lohum Materials Pvt. Ltd for the project.