Hindustan Composites Ltd is engaged in the development, manufacturing, and marketing of brake lining using asbestos industrial products and friction material. It is also engaged in the treasury business since 2010
It was incorporated in1964 and is currently led by Mr. Raghu Mody, the Promoter and Executive Chairman with over five decades of experience as an industrialist
Financial Results:
- Hindustan Composites Ltd reported Revenues for Q1FY24 of ₹76.00 Crores up from ₹73.00 Crore year on year, a rise of 4.11%.
- Total Expenses for Q1FY24 of ₹63.00 Crores up from ₹61.00 Crores year on year, a rise of 3.28%.
- Consolidated Net Profit of ₹10.00 Crores from ₹10.00 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹6.80, up 1.64% from ₹6.69 in the same quarter of the previous year.