Hindustan Composites Limited has informed the Exchange regarding Change in Auditors of the company.
HINDCOMPOS · price
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Hindustan Composites reported FY25 standalone revenue of Rs. 32,508 lakhs, up 9.2% from Rs. 29,768 lakhs in FY24, with net profit of Rs. 3,500 lakhs vs Rs. 3,441 lakhs. Q4 revenue grew 13.5% YoY to Rs. 8,915 lakhs, but net profit fell to Rs. 607 lakhs from Rs. 797 lakhs, partly due to a Rs. 1,275 lakh exceptional charge for settlement of an ex-workmen dispute. The Board recommended a dividend of Rs. 2 per share (on Rs. 5 face value). M/s. S M M P & Company and M/s. Suresh Pimple & Associates were re-appointed as Internal and Cost Auditors respectively for FY26. The Board also approved a Rs. 480 lakh capacity expansion for Railway Brake Block/Pad, adding 75,000 units per month (about 21% increase) to meet additional demand, to be funded internally. Statutory auditors Lodha & Co LLP issued an unmodified opinion.
Steady revenue growth and a consistent dividend signal financial stability, though the Q4 profit dip from one-time charges may draw short-term attention. The capacity expansion, backed by 86% existing utilization, is a positive growth signal and should be margin-accretive once commissioned in about 7 months.