Q1 FY27 results, leadership overhaul and name change to Hirect Limited

Revenue Growth 20pctExceptional ItemResults RestatedResults View source PDF Explain this filing

HIRECT · price

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Price reactionminutes from the announcement price · days from the prior close

-5.7%Reaction day

₹1295.50

prior close

₹1215.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.2%-5.5% vs market

Industrial Products peers, median of 131sector-0.3%-5.3% vs sector

On the reaction day the stock moved 5.5 pts less than Nifty Microcap 250 and 5.3 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.8

10m

-1.2

15m

-2.6

30m

-2.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.7-0.2-5.5-0.3-5.3

Next day

-3.0+0.2-3.2-0.5-2.6

-4.1+0.4-4.5-0.5-3.7

-3.0+0.4-3.4-0.6-2.4

-2.7+0.6-3.2-1.7-1.0

-2.6+0.9-3.5-1.3-1.3

-0.6+0.9-1.5-1.0+0.4

15d

-3.6+0.9-4.5-2.4-1.2

-4.2+2.3-6.5+0.0-4.2

-13.9-1.1-12.8-1.2-12.7

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 131Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Hirect (formerly Hind Rectifiers) reported Q1FY27 standalone revenue of Rs 236.4 crore, up 10% YoY, with net profit of Rs 15.1 crore, up 18%. Consolidated revenue grew 20% to Rs 258.4 crore but net profit nearly halved to Rs 6.5 crore due to an Rs 8.5 crore loss in the EMS segment. Board approved investment of about Rs 8.3 crore in UAE subsidiary Hirect Global Holdings, appointed Chidambaram Balakrishnan as new Global CEO replacing Douglas Bailey, made Anil Nemani Executive Director and CFO, and added Rahul Rai as Independent Director. Company name changed to Hirect Limited effective July 24, 2026.

Likely market impact

Strong top-line growth on consol basis but EMS losses dragged PAT; new CEO and CFO signal strategic reset for investors