Hindustan Composites will hold a meeting of the Board of Directors of the Company on 9 August 2018, to consider and approve the Un-audited Financial Results of the Company for the quarter ended 30th June, 2018.

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Hindustan Composites announced that the Annual General Meeting (AGM) of the company will be held on 30 August 2018.

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Net profit of Hindustan Composites rose 40.14% to Rs 10.16 crore in the quarter ended March 2018 as against Rs 7.25 crore during the previous quarter ended March 2017. Sales rose 26.18% to Rs 57.35 crore in the quarter ended March 2018 as against Rs 45.45 crore during the previous quarter ended March 2017.

For the full year,net profit rose 1.97% to Rs 25.38 crore in the year ended March 2018 as against Rs 24.89 crore during the previous year ended March 2017. Sales rose 19.87% to Rs 199.18 crore in the year ended March 2018 as against Rs 166.17 crore during the previous year ended March 2017.

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Hindustan Composites announced that the Board of Directors of the Company at its meeting held on 08 May 2018, has recommended a dividend of Rs.0.50 per share (i.e.10%), subject to the approval of the shareholders.

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