Net profit of Hindustan Composites declined 8.73% to Rs 3.66 crore in the quarter ended June 2017 as against Rs 4.01 crore during the previous quarter ended June 2016. Sales rose 7.75% to Rs 41.99 crore in the quarter ended June 2017 as against Rs 38.97 crore during the previous quarter ended June 2016.

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Hindustan Composites announced that the Board of Directors of the Company at its meeting held on 23 May 2017, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.

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Net profit of Hindustan Composites rose 2400.00% to Rs 7.25 crore in the quarter ended March 2017 as against Rs 0.29 crore during the previous quarter ended March 2016. Sales rose 8.14% to Rs 45.45 crore in the quarter ended March 2017 as against Rs 42.03 crore during the previous quarter ended March 2016.

For the full year,net profit rose 20.13% to Rs 24.89 crore in the year ended March 2017 as against Rs 20.72 crore during the previous year ended March 2016. Sales rose 8.48% to Rs 166.17 crore in the year ended March 2017 as against Rs 153.18 crore during the previous year ended March 2016.

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Hindustan Composites announced that the Record Date has been fixed as 26 May 2017 for the purpose of ascertaining the eligibility of shareholders for:

1. Sub-division of existing 1 (One) equity share having face value of Rs. 10/- (Rupees Ten only) each fully paid-up into 2 (Two) equity shares having face value of Rs. 5/- (Rupees Five only) each; and

2. Issue of bonus shares in proportion of 1:2 (i.e. 1 new bonus equity share of Rs. 5/- (Rupees Five only) each for every 2 (Two) equity shares of Rs. 5/- (Rupees Five only) each held) (Post split face value per equity share).

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