Hind Rectifiers Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
HIRECT · price
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Hind Rectifiers Limited reported standalone revenue of Rs 9,492.12 million for FY2026, a strong 44.8% growth from Rs 6,553.67 million in FY2025. Net profit grew 54.7% to Rs 576.71 million from Rs 372.71 million. EPS stands at Rs 16.79 (after exceptional items). The company recorded an exceptional charge of Rs 19.96 million due to one-time employee benefit provision under new labour codes. The board recommended dividend of Rs 1.40 per share (70% of Rs 2 face value). A 1:1 bonus issue was allotted in March 2026, doubling share count. Consolidated revenue was Rs 9,991.25 million with net profit of Rs 385.97 million, though subsidiaries incurred significant losses.
Strong operational performance with revenue and PAT growth exceeding 40-50% YoY on standalone basis is positive for shareholders. The subsidiary losses and higher consolidated borrowings may raise concerns. Clean audit with unmodified opinion is reassuring. Dividend payout maintained despite exceptional items.