Hindustan Composites Results Correction
Hindustan Composites clarified its Q1 FY2026 results to the NSE regarding standalone and consolidated P&L formatting. The company explained its accounting treatment for joint venture losses.
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Hindustan Composites clarified its Q1 FY2026 results to the NSE regarding standalone and consolidated P&L formatting. The company explained its accounting treatment for joint venture losses.
Hindustan Composites Limited clarified its financial results following an NSE query. The company explained its accounting for joint venture losses under IND AS 28 and confirmed that standalone and consolidated segment figures are not identical, ensuring conformity with Schedule III of the Companies Act, 2013.
Hindustan Composites Limited clarified to the NSE that its standalone and consolidated financial results for FY25 conform to SEBI formats. The company explained that 'Nil' share of losses was reported for its joint venture, Compo Advics (India) Private Limited, as losses exceeded investment value, complying with IND AS 28 accounting standards.