ALFA Finder| Management target | Revenue 30.0% FY27 |
|---|
| Revenue growth | Consolidated revenue up 20.3% YoY to 258.4 Cr. |
|---|---|
| Margins | Consolidated margins impacted by Elvente France; standalone margins healthy. |
| Order book | Q1 orders flat due to government delays; L1/L2 positions held. |
| Demand visibility | Strong pipeline in Vande Metro and Memo train sets. |
| Management confidence | Confident; reiterating 30% FY27 growth despite flat Q1 orders. |
Growth
Consolidated revenue grew 20.3% YoY to 258.4 Cr. Standalone EBITDA margins improved to 10.6% despite input cost volatility.
Outlook
Targeting 30% growth for FY27 and $1 billion revenue within five years through international expansion.
Risks
Elvente France integration continues to drag consolidated margins, with break-even expected only in 3-5 quarters.
Last quarter's promises, checked
Delivered
- Guided 30% YoY growth → delivered 20.3% (= PARTIAL)
- Trials of propulsion systems Western Railway → delivered Launched Vande Metro/Memo (= BEAT)
- CTC factory benefit from Q2 FY27 → delivered 2% material cost savings (= BEAT)
Partly delivered
- Guided BeLink turnaround in few quarters → delivered Still loss-making in Q1 FY27 (= PARTIAL)
Missed
- Guided 30% revenue growth for FY27 → delivered 20.3% in Q1 (= MISS)
Earnings Call Transcript filed with NSE, NSE: HIRECT. Summary written with AI assistance from the document.
Hind Rectifiers Limited: 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 Limited
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.