Board of Directors of the Company at its meeting held today i.e. on Saturday, May 16, 2026, inter alia, considered and approved unanimously: 1. the Audited Standalone and Consolidated ....
HIRECT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hind Rectifiers reported strong standalone FY26 results with revenue growing 45% to Rs 9,492 million and PAT jumping 55% to Rs 577 million. However, consolidated PAT rose only 4% to Rs 386 million as new subsidiaries (Elventive France, HIRECT FZ LLC, Coincade Studios) reported combined losses of Rs 191 million. The company issued a 1:1 bonus share issue (doubling shares to 3.44 crore) and recommends dividend of Rs 1.40 per share. An exceptional charge of Rs 20 million was recorded for employee benefit reassessment under new labour codes. The CFO confirmed unmodified audit opinion from GMJ & Co.
The standalone business shows strong profitability, but consolidated results are pressured by losses in new subsidiaries. The bonus issue and dividend signal management confidence, though investors should monitor the turnaround of overseas subsidiaries and margin trends.