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Earnings Call

Hind Rectifiers Earnings Call: Key Takeaways

Hind Rectifiers (HIRECT) delivered strong FY26 standalone growth of 44.8% while consolidating the Elventive France acquisition, which temporarily suppressed consolidated EBITDA margins to 3%.

Why this was an Alfa AlertNot a filter event. Performance is in line with prior guidance of 30% standalone growth.
Highlights
Revenue growthStandalone up 44.8% YoY; Consolidated up 52.5% YoY.
MarginsStandalone EBITDA margin 10.8%; Consolidated margin 3% due to acquisition.
Order book₹845.5cr as of March 31, 2026; inflows of ₹858cr.
Demand visibilityStrong railway sector budget; expanded addressable wallet share per locomotive.
Management confidenceHigh; citing L1 positions and successful propulsion system trials.

Growth

Standalone revenue grew 44.8% to ₹949.2cr; PAT rose 54.7% to ₹57.7cr. Consolidated revenue hit ₹999.1cr.

Outlook

Targeting 30% standalone topline growth for FY27; ₹100cr preferential issue for capacity expansion; $1B revenue goal by FY31.

Risks

Elventive acquisition currently operating below breakeven; 6-8 quarters expected to reach PBT level profitability.

Source

Earnings Call filed with BSE, NSE: HIRECT. Summary written with AI assistance from the document.

Read the document ↗

Hind Rectifiers Ltd: key numbers

Share price
₹875.15
Market cap
₹3,008 Cr
Revenue (annual)
₹999.1 Cr
Net profit (annual)
₹45.01 Cr
P/E (TTM)
89.1×Sector 46.8×
Promoter holding
42.59%-1.33% QoQ
FII holding
6.84%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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