Hindustan Hardy Spicer announced the resignation of Ravindra Vijay Kale (DIN: 03115130) as Executive Director & CEO and also from directorship of the company with effect from 22 September 2018.

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Net loss of Hindustan Hardy Spicer reported to Rs 0.06 crore in the quarter ended June 2018 as against net profit of Rs 0.17 crore during the previous quarter ended June 2017. Sales rose 36.51% to Rs 10.32 crore in the quarter ended June 2018 as against Rs 7.56 crore during the previous quarter ended June 2017.

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Hindustan Hardy Spicer will hold a meeting of the Board of Directors of the Company on 10 August 2018.

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Net profit of Hindustan Hardy Spicer reported to Rs 0.75 crore in the quarter ended March 2018 as against net loss of Rs 0.37 crore during the previous quarter ended March 2017. Sales rose 37.39% to Rs 11.98 crore in the quarter ended March 2018 as against Rs 8.72 crore during the previous quarter ended March 2017.

For the full year,net profit reported to Rs 0.91 crore in the year ended March 2018 as against net loss of Rs 0.78 crore during the previous year ended March 2017. Sales rose 2.88% to Rs 37.91 crore in the year ended March 2018 as against Rs 36.85 crore during the previous year ended March 2017.

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