Hindustan Composites Ltd Reports Q1 Financial Results; Approves Auditor Appointment and Dividend Plan

Hindustan Composites Ltd Reports Q1 Financial Results; Approves Auditor Appointment and Dividend Plan​

Hindustan Composites Limited announced the approval of its Un-audited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The results were reviewed by the Audit Committee before being released to the market. The company also confirmed the recommendation for a new Secretarial Auditor and provided details regarding the future dividend payment for the financial year ended March 31, 2026.

In addition to the financial reporting, the Board of Directors considered several key strategic matters, including the transfer of the company's "Friction Business Undertaking."

Financial Performance Highlights​

The unaudited standalone results showed a Total Income of 2,005 lakh rupees for the quarter ended June 30, 2026. The company reported a Profit after tax from continuing operations of 193 lakh rupees, while profit from discontinued operations reached 675 lakh rupees.

Overall, the total profit after tax stood at 868 lakh rupees. Total Comprehensive Income after Tax for the quarter was recorded at 2,860 lakh rupees.

The segmented results highlighted performance in both Investment and Trading in Commodity segments:


A breakdown of the results from discontinued operations within this period includes:


The company’s stock earnings per share for the quarter stood at 5.88 rupees, combining both continuing and discontinued operations.

Strategic Announcements and Governance Updates​

Secretarial Auditor Appointment
The Board of Directors recommended M/s. R M Mimani & Associates LLP as Secretarial Auditors. The appointment is set for a term of five consecutive years, running from the financial year 2026-27 to 2030-31.

M/s. R M Mimani & Associates LLP was noted as a reputed firm of Company Secretaries in Practice with 25 years of experience, holding a valid peer review certificate issued by the Peer Review Board of ICSI.

Friction Business Transfer
The company's Friction Business Undertaking, which includes development, manufacturing, and marketing of friction material related to automobile, railway, and industrial applications, was transferred as discontinued operations. The transfer to Rane (Madras) Limited was conducted for a lump sum cash consideration of INR 370 Crore, following the approval by the Board of Directors.

Dividend Plan​

Regarding the financial year ended March 31, 2026, the dividend, which had been recommended by the Board of Directors on April 23, 2026, is set to be paid between October 1, 2026, and October 15, 2026, provided it is approved at the ensuing 62nd Annual General Meeting.

Consolidated Results Overview​

The consolidated results for the quarter ended June 30, 2026, reflected total revenue from operations of 2,005 lakh rupees and a Total Comprehensive Income after Tax of 2,860 lakh rupees. The company's performance in continuing operations was reported as 158 lakh rupees before tax.

Key operational details:

• The Friction Business Undertaking’s revenue for the quarter ended June 30, 2026, stood at 8,553 lakh rupees.
• Total expenses for the company in the reporting period amounted to 1,847 lakh rupees.

HINDCOMPOS Stock Price Movement​

Today, Hindustan Composites Limited shares edged higher to close at ₹448.35 after gaining 3.15%. The stock traded within a solid session range, hitting a low of ₹428 and reaching a high of ₹458.