Hind Rectifiers Limited has informed the Exchange that Board of Directors at its meeting held on May 16, 2026, recommended Final Dividend of Rs. 1.40 per equity share.
HIRECT · price
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Hind Rectifiers Limited reported strong annual results with standalone revenue from operations growing 45% to Rs. 9,492.12 million from Rs. 6,553.67 million. Net profit jumped 55% to Rs. 576.71 million from Rs. 372.71 million. The Board recommended a dividend of Rs. 1.40 per equity share (70% of face value Rs. 2) for FY 2025-26, subject to shareholder approval at the AGM. Notably, the dividend per share decreased from Rs. 2 in the previous year. During the year, the company also completed a 1:1 bonus issue allotting 1,71,83,807 bonus shares on March 27, 2026, doubling the paid-up capital. The company also launched a new CTC segment and expanded internationally with a new French subsidiary.
The dividend was reduced from Rs. 2 to Rs. 1.40 per share despite significantly higher profits, which may concern income-focused investors. However, the 1:1 bonus issue increased share count substantially, and the strong profit growth signals solid underlying business performance.