September-quarter revenue rises 37%, net profit rises 45%
HIRECT · price
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On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250 and 3.0 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 posted standalone September-quarter revenue of Rs 2,271.47 million, up 37% year on year, and net profit of Rs 147.49 million, up 45%. Half-year revenue rose 46% to Rs 4,419.21 million and profit 61% to Rs 275.62 million. The auditor's limited review found no material misstatement. The board approved EUR 830,000 to increase capital at French subsidiary Belink Hirect SAS and negotiations to sell the Dehradun plant.
Strong sales and profit growth may support the stock, but borrowings have risen above equity and expansion spending may keep leverage under watch.