| 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
- ₹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 Limited
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- Value
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Hirect Annual General Meeting
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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
- ₹27.36 Cr
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 Investor Presentation: Key Takeaways
Hirect reported Q1FY27 consolidated revenue of ₹258.4 Cr, up 20.3% YoY. Strategy focuses on evolving from a component supplier to a vertically integrated system player with global expansion.