| 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
- ₹1,212.90
- Market cap
- ₹4,169 Cr
- Revenue (annual)
- ₹999.1 Cr
- Net profit (annual)
- ₹45.01 Cr
- P/E (TTM)
- 100.1×Sector 41.4×
- Promoter holding
- 42.58%-1.35% 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
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Mrs. Preeti Sharma has resigned from her position as Head Legal and Senior Management Personnel of Hirect Limited, effective September 24, 2026.
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- Value
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Hirect Annual General Meeting
Hirect Limited has issued a Postal Ballot notice for shareholder approval of director appointments and an extension for utilizing funds raised via preferential equity warrants.
Hirect Annual General Meeting
Hirect Limited issued a Postal Ballot Notice seeking shareholder approval for director appointments and extending the timeline for utilizing Rs. 27.36 Crore raised via warrants.
- Value
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Hirect Earnings Call Transcript: Key Takeaways
Q1 FY27 consolidated revenue grew 20.3% YoY to INR 258.4 Cr. Hirect is transitioning from component supplier to integrated systems provider for Indian and US rail/mining markets.
- Call
- Guides 30% growth
Hind Rectifiers Earnings Call Transcript: Key Takeaways
Hind Rectifiers Q1 FY27 showed 20.3% consolidated revenue growth but flat orders due to geopolitical delays. Management focuses on shifting from component supplier to integrated systems provider.
- Call
- Guides 30% growth