The firm had posted a net profit of Rs 137 crore in the year-ago period, it said in a BSE filing.
Total income of the public sector undertaking declined by 49 per cent to Rs 257 crore in the January-March quarter of last fiscal from Rs 501 crore in the same period of 2013-14.
For the entire 2014-15 fiscal, Hindustan Copper's net profit nosedived by 76 per cent to Rs 68 crore from Rs 286 crore in 2013-14.
Total income fell by 32 per cent to Rs 1,016 crore from Rs 1,489 crore during the corresponding period.
In a separate filing, the company said its Board of Directors has recommended a dividend of Rs 0.15 per share for the financial year 2014-15.
The company's shares today closed 0.32 per cent up at Rs 62.10 per unit on the BSE.
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