Hind Rectifiers Limited has informed the Exchange about Transcript
HIRECT · price
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Awaiting price reaction for this filing.
Hind Rectifiers reported FY25 revenue of INR656.8 crore, up 27% YoY, with EBITDA margin improving to 10.9% (from 8.7%) and PAT more than tripling to INR37.1 crore (margin 5.7% vs 2.4%). Q4 revenue grew 22% YoY to INR185.4 crore. Order book jumped to INR893 crore (from INR534 crore in FY24), with 45% market share in traction transformers and the company targeting 20% share in the new propulsion systems vertical. Management guided to 30% YoY revenue growth for FY26 conservatively, with an ambitious multi-year EBITDA margin target in the mid-to-late teens, supported by backward integration, value engineering, and new product commercialization. The board approved INR52 crore for backward integration at Sinnar, INR50 crore for land acquisition, a final dividend of INR2/share, and two new subsidiaries (Coincade Studios for IT/AI and Hirect FZ-LLC for Middle East expansion).
Strong earnings beat with multi-year margin expansion roadmap and 30% growth guidance is positive for sentiment; stock may react favorably given maiden call optimism, though execution of propulsion system trials (50,000 km benchmark) and tender wins in H1 FY26 will be near-term catalysts to watch.