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Hindustan Composites Shares Up 6% as Fiscal Q4 Profit Nearly Doubles

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Hindustan Composites' (NSE:HINDCOMPOS, BOM:509635) consolidated net profit increased to 117.0 million Indian rupees in the fiscal fourth quarter from 60.7 million rupees a year earlier, according to an Indian bourse filing on Thursday.

Shares of the company jumped nearly 6% in Friday's trade.

Earnings per share in the quarter ended March 31 climbed to 7.92 rupees per share from 4.11 rupees per share a year prior.

Revenue from operations in fiscal Q4 grew to 1.05 billion rupees from 891.5 million rupees.

The company declared a dividend of 5 rupees per share for the financial year ended March 31, the filing said.

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