Hindustan Composites Limited has informed the Exchange regarding Change in Auditors of the company.
HINDCOMPOS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hindustan Composites Limited reported audited standalone and consolidated financial results for FY2026. Total income stood at Rs. 37,542 lakhs (up 12% from Rs. 33,413 lakhs in FY2025). Net profit was Rs. 3,111 lakhs compared to Rs. 3,500 lakhs in the previous year, impacted by Rs. 291 lakhs exceptional charge from New Labour Codes implementation. The Board recommended dividend of Rs. 2 per share (face value Rs. 5). Capacity expansion was approved for railway brake blocks/pads segment, adding 85,000 units monthly capacity with Rs. 350 lakh investment from internal resources, to be completed in 6 months. The company also addressed a Rs. 1,55,000 BSE fine for delayed consolidated financial results filing in Q1 FY2020, which was paid while seeking waiver.
The stock shows resilient operational performance with revenue growth despite profit decline from one-time labour code charge. Capacity expansion signals confidence in railway components demand. Dividend declaration provides shareholder returns, though headline mentions 'Change in Auditors' without corresponding disclosure in the filing.