ALFA Finder| Revenue growth | 20.3% YoY consolidated growth. |
|---|---|
| Margins | Consolidated EBITDA margin impacted by Elventive France scale-up costs. |
| Order book | ₹739.8 Cr; includes first MEMU and Vande Metro orders. |
| Demand visibility | Strong; order book at ₹739.8 Cr as of July 2026. |
| Management confidence | High on long-term growth despite near-term margin pressure. |
Growth
Consolidated revenue grew 20.3% YoY; Gross Profit rose 30.2% YoY. Standalone revenue and PAT grew 10.1% and 17.8% respectively.
Outlook
Healthy order book of ₹739.8 Cr. Expect margin improvement in 3-5 quarters as European operations scale towards breakeven.
Risks
Near-term consolidated margin pressure due to Elventive France integration and higher raw material costs from West Asia volatility.
Last quarter's promises, checked
Delivered
- Guided 30% YoY growth for Q4 FY26 → delivered 20.3% YoY in Q1 FY27 (= PARTIAL)
- Trial of propulsion systems to start at Western Railway → delivered trials commenced (= BEAT)
- Commission copper conductor facility at Sinnar → delivered 350 TPM facility commissioned (= BEAT)
Partly delivered
- Guided BeLink turnaround/profitability → delivered still loss-making in Q1 FY27 (= PARTIAL)
Missed
- Guided EBITDA margin improvement back to double digits → delivered margin pressure/impacted by scale-up (= MISS)
Investor Presentation filed with BSE, NSE: HIRECT. Summary written with AI assistance from 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.
More from Hind Rectifiers Ltd
All →Hirect Earnings Call Transcript: Key Takeaways
Record Q2 FY27 consolidated revenue of ₹315.7 Cr (+39% YoY), but EBITDA margin fell to 4.3%. PAT of ₹6.8 Cr was helped by a ₹2.7 Cr exceptional gain.
Hirect Results Update
Hirect Ltd released a press announcement reporting record Q2 and H1 FY27 revenue, with standalone revenue of ₹294.3 crore in Q2. It also disclosed an order book of ₹795.2 crore as of September 2026.
- Order book
- ₹795.2 Cr
Hirect Investor Presentation: Key Takeaways
Record Q2FY27 standalone revenue of ₹294.3 Cr (+29.6% YoY) and H1FY27 ₹530.7 Cr (+20.1%). Consolidated Q2 EBITDA margin fell to 4.3% on Elventive France costs.
Hirect Q2 FY27 Results: Net Profit ₹2.9 Cr, Down 80.3% YoY
Hirect Ltd reported revenue from operations of ₹315.7 Cr (+39.0% YoY) and net profit of ₹2.9 Cr (-80.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹2.9 Cr · -80.3% YoY
Hirect Board Meeting Date
Hirect Ltd intimated a Board Meeting scheduled for November 10, 2026, to approve Q2/H1 FY27 results. The insider trading window is closed from October 1, 2026.
Hirect Other Announcement
Hirect Ltd submitted its quarterly shareholding pattern under Regulation 31(1)(b) for the quarter ended September 30, 2026.