Hindustan Composites Q1 FY27 results; Friction Business sale to Rane Madras for Rs 370 Cr

Emphasis Of MatterRevenue Growth 20pctResults View source PDF

HINDCOMPOS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Hindustan Composites Q1 FY27: Continuing operations revenue rose 37% YoY to Rs 20.05 cr from Rs 14.62 cr. Continuing PAT at Rs 1.93 cr vs Rs 1.54 cr. Total PAT including discontinued ops Rs 8.68 cr vs Rs 7.46 cr. EPS Rs 5.88 vs Rs 5.05. Key: Board approved sale of Friction Business to Rane (Madras) Limited as slump sale for Rs 370 crores, pending shareholder approval. Friction business classified as discontinued operations. R M Mimani and Associates recommended as Secretarial Auditor for 5 years.

Likely market impact

Major restructuring: Rs 370 cr cash inflow expected from Friction Business sale to Rane Madras, subject to shareholder nod. Modest growth in continuing ops.