Hind Rectifiers Limited has informed the Exchange regarding a press release dated July 29, 2025, titled "Hind Rectifiers Limited reports robust Q1FY26 performance driven by sustained business momentum".
HIRECT · price
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Hind Rectifiers Limited reported strong Q1FY26 results, with revenue growing 58.5% year-on-year to ₹214.8 crore, driven by sustained business momentum. EBITDA surged 66.9% YoY to ₹24.2 crore, with margins improving 60 basis points to 11.3%, reflecting better product mix and cost optimization. Profit after tax jumped 85.5% YoY to ₹12.8 crore, aided by improved operational efficiencies and financial discipline. The company highlighted a record order book of ₹1,025 crore as of June 30, 2025, including ₹327 crore of new orders from Indian Railways for locomotive products and a next-generation propulsion system. Additionally, the Board approved a preferential issue of warrants worth ₹27.4 crore to the existing promoter group, subject to shareholder approval, to fund growth across key business segments.
This is a strongly positive earnings update with double-digit revenue and profit growth, margin expansion, and a record order book that provides strong revenue visibility. The promoter warrant issue signals continued promoter confidence but will dilute existing shareholders if converted. Overall, the announcement is likely to be viewed favorably by the market.