Q3 PAT up 37%, board approves 1:1 bonus issue and new ESOPs
HIRECT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 2.1 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.
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Hind Rectifiers Q3 standalone revenue grew 44 percent to Rs 2,432.7 mn; PAT rose 37 percent to Rs 137.3 mn. Nine month PAT jumped 52 percent to Rs 412.9 mn on revenue of Rs 6,851.9 mn. Board approved 1:1 bonus issue of 1.71 crore new shares from securities premium, granted 1 lakh additional ESOPs at Rs 800 each, and invested Rs 90 lakh in subsidiary Coincade Studios. A one time Rs 12.77 mn charge for new labour codes was shown as exceptional item.
Bonus doubles share count but rewards holders; strong revenue and profit growth signal healthy momentum. Watch for dilution and acquisition updates.