Hindustan Composites Limited announced its audited standalone and consolidated financial results for FY26 following a Board meeting on 23rd April, 2026. The company reported net profit of ₹3,111 lakhs for FY26 with revenue from operations reaching ₹37,501 lakhs, representing year-on-year growth of 15% from ₹32,508 lakhs in the previous year.

Financial Performance Summary

The company's financial performance for FY26 showed mixed results with steady revenue growth but moderated profitability:

For Q4 FY26, the company reported net profit of ₹1,170 lakhs on revenue of ₹10,484 lakhs, compared to net profit of ₹607 lakhs on revenue of ₹8,915 lakhs in the corresponding quarter of the previous year. The Q4 performance reflects a 93% increase in net profit year-on-year.

Segment Performance

The company operates across three business segments with Composite Products remaining the primary revenue driver:

Dividend and Corporate Actions

The Board of Directors recommended a dividend of ₹2 per share on equity shares of ₹5 each for FY26, subject to shareholder approval at the ensuing Annual General Meeting. The dividend, if approved, will be paid within 30 days of the AGM.

Additionally, the Board approved the re-appointment of M/s. Suresh Pimple & Associates, Cost Accountants, as Cost Auditors for FY27 and sanctioned a capacity expansion plan for railway brake blocks/pads.

Capacity Expansion Plan

The company plans to expand its manufacturing capacity for railway brake blocks/pads with an investment of ₹350 lakhs to be funded through internal resources:

Balance Sheet Position

As of 31st March, 2026, the company's total assets stood at ₹126,481 lakhs, comprising non-current assets of ₹112,645 lakhs and current assets of ₹13,836 lakhs. Total equity amounted to ₹114,740 lakhs, while total liabilities were ₹11,741 lakhs. The company maintained a strong financial position with investments of ₹97,205 lakhs in non-current assets and ₹3,406 lakhs in current assets.

The statutory auditors, M/s. Lodha & Co. LLP, issued an unmodified opinion on the audited standalone and consolidated financial results for FY26.

Hindustan Composites Limited has responded to queries from stock exchanges regarding significant price movements in its shares, attributing the volatility to market-driven conditions beyond management control.

Exchange Query Response

The company received simultaneous queries from both BSE and NSE on April 16, 2026, seeking clarification on unusual price movements. BSE's query referenced email L/SURV/ONL/PV/SJ/2026-2027/3753, while NSE's correspondence bore reference number NSE/CM/Surveillance/16860.

Management's Position

In its formal response, Hindustan Composites Limited clarified that the price movement was purely market-driven and beyond management influence. The company emphasized that it neither controls nor possesses specific knowledge regarding the reasons behind the significant stock price fluctuations.

The management's key points included:

• Price movements are entirely due to market conditions
• Company has no control over stock price volatility
• Management lacks specific knowledge of movement triggers
• All actions remain market-driven without internal influence

Regulatory Compliance Assurance

Hindustan Composites Limited reaffirmed its commitment to regulatory compliance under SEBI guidelines. The company specifically referenced its adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company assured both exchanges that it will continue making all relevant disclosures in compliance with Regulation 30 requirements within prescribed timelines, adapting to any regulatory amendments as they occur.

Corporate Communication

The response was signed by Arvind Purohit, Company Secretary and Compliance Officer (Membership No. A33624), and digitally authenticated on April 16, 2026. The communication was addressed to both BSE Limited and National Stock Exchange of India Limited, ensuring comprehensive coverage of regulatory requirements across major trading platforms.