Hindustan Composites Reports 12.9% Revenue Growth in Q1, Appoints New Secretarial Auditors
Hindustan Composites announced Q1 financial results with revenue increasing 12.9% to Rs 87.08 crore, despite net profit declining to Rs 7.46 crore. The company's Composite Products segment grew by 7.8%. In a recent board meeting, the company appointed M/s. MR & Associates as Secretarial Auditors and Mr. Vimal Kiritkumar Desai as GM-Purchase. The board also announced that the dividend, if approved at the AGM, will be paid between October 1-15.
07May 25
Hindustan Composites Unveils ₹48 Million Capacity Expansion Plan for FY 2025-26
Hindustan Composites Limited has announced a ₹48 million investment for capacity expansion in fiscal year 2025-26. The board-approved plan aims to boost production capabilities, signaling confidence in future market demand. This strategic move is expected to enhance the company's manufacturing capabilities, potentially introducing new product lines and improving operational efficiency.
Hindustan Composites Ltd announced its Q4 and FY2024 results, showing a mixed performance. Q4 revenue increased by 13.49% to 892 million rupees, and EBITDA rose to 162 million rupees. However, Q4 net profit declined by 23.46% to 61 million rupees. The company's annual performance for FY2024 was positive, with total revenue up 5.33% to 298.60 crore rupees and net profit increasing by 25.09% to 34.40 crore rupees. The company demonstrated improved operational efficiency with an EBITDA margin of 18.16% in Q4, up from 15.65% last year.