Volume growth, rise in operating efficiency helped us outperform other metal companies: Santosh Sharma, CMD, Hindustan Copper
Volume growth, rise in operating efficiency and taking decision by understanding the market dynamics was the major reason for us to outperform other metal companies.
Outperforming the rival metal companies, Hindustan Copper has logged attractive fourth quarter results in FY19. The metal PSU logged Rs 40.5 crore profit in Q4FY19 against Rs 22 crore in Q4FY18, a growth of around 84 per cent. Apart from that, the metal major has registered the export of Rs 842 crore in the FY19, which is highest in the history of the company.
Buoyed by the achievements of the metal PSU Santosh Sharma, CMD, Hindustan Copper told Zee Business TV in an exclusive conversation, "Volume growth, rise in operating efficiency and taking decision by understanding the market dynamics was the major reason for us to outperform other metal companies." He said that the company took the decision as per the market dynamics.
See Zee Business video below:
#CorporateRadar | हिंदुस्तान कॉपर ने पेश किए चौथी तिमाही के नतीजे.. कंस्ट्रक्शन सेक्टर से कितनी हैं उम्मीदें जानिए कंपनी के चेयरमैन & MD संतोष शर्मा के साथ स्वाति खंडेलवाल की खास बातचीत में..@copper_ltd @SwatiKJain pic.twitter.com/G54U6Er5si
— Zee Business (@ZeeBusiness) June 4, 2019
"We took business decisions which helped us understand which product to sell at what time that led to scaling our export to Rs 842 crore, which is highest till date for us," said Sharma.
Asked about the value-added products chipping in and enhancing the company's economic health, he said, "We are competing into the international market and rise in MIC sale was one of the major reasons for rising in our export number to this level and achieve other targets that we had set to achieve before the beginning of the FY19."
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