Hindustan Composites will hold a meeting of the Board of Directors of the Company on 14 August 2020.

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Hindustan Composites announced that the Board of Directors of the Company at its meeting held on 29 June 2020, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 40%) , subject to the approval of the shareholders.

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Net profit of Hindustan Composites declined 65.83% to Rs 2.32 crore in the quarter ended March 2020 as against Rs 6.79 crore during the previous quarter ended March 2019. Sales declined 17.32% to Rs 41.57 crore in the quarter ended March 2020 as against Rs 50.28 crore during the previous quarter ended March 2019.

For the full year,net profit declined 40.34% to Rs 10.47 crore in the year ended March 2020 as against Rs 17.55 crore during the previous year ended March 2019. Sales declined 9.44% to Rs 178.05 crore in the year ended March 2020 as against Rs 196.61 crore during the previous year ended March 2019.

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Net profit of Hindustan Composites declined 4.67% to Rs 3.06 crore in the quarter ended December 2019 as against Rs 3.21 crore during the previous quarter ended December 2018. Sales declined 11.97% to Rs 43.76 crore in the quarter ended December 2019 as against Rs 49.71 crore during the previous quarter ended December 2018.

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