Hindustan Composites Ltd reports Q2 FY27 net profit of ₹242.57 crore, including a ₹276.77 crore pre-tax exceptional gain
- Continuing-operations revenue was ₹34.20 crore, up 141.4% year on year and 70.6% sequentially.
- The gain arose from the slump sale of the Friction Business Undertaking.
- Vinay Sarin was appointed CEO and KMP from 6 November; the Board recommended his appointment as executive director and CEO for three years from 21 December, subject to shareholder approval.
- Auditors’ limited reviews were unmodified; the consolidated report noted unrecognized further joint-venture losses under Ind AS 28.