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14-Feb-2024

Hindustan Composites

OP up 25.94%


'For the quarter ending Dec 2023, consolidated Net sales (including other operating income) of Hindustan Composites has increased 3.26% to Rs 71.69 crore compared to quarter ended Dec 2022.  Sales of Composite Products segment has gone up 6.16% to Rs 63.38 crore (accounting for 88.41% of total sales).  Sales of Investment segment has gone down 14.59% to Rs 8.31 crore (accounting for 11.59% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has jumped 16.68% to Rs 11.47 crore.  PBIT of Composite Products segment rose 82.06% to Rs 5.48 crore (accounting for 47.78% of total PBIT).  PBIT of Investment segment fell 12.17% to Rs 5.99 crore (accounting for 52.22% of total PBIT).  

PBIT margin of Composite Products segment rose from 5.04% to 8.65%.  PBIT margin of Investment segment rose from 70.09% to 72.08%.  Overall PBIT margin rose from 14.16% to 16.00%. &...



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