| Metric | Value (₹ Cr) | vs Q1 FY26 |
|---|---|---|
| Revenue | 227.15 | 5.8% |
| Total Income | 227.27 | 5.7% |
| Expenditure | 207.63 | 5.5% |
| PBT | 19.64 | 8.5% |
| Net Profit | 14.72 | 15.3% |
| OPM | 11.40% | 0.12pp |
| NPM | 6.48% | 0.54pp |
| EPS | 8.58 | 15.3% |
Hind Rectifiers Limited Reports Robust Q2FY26 Financial Performance with 46.6% YoY Revenue Growth
06 Nov 2025 · 6 Nov 2025, 06:53 pm
Summary
Hind Rectifiers Limited, a leading manufacturer of Power Semiconductor, Power Electronic equipment and Railway Transportation equipment, announced its unaudited financial results for the quarter and half year ended 30 September 2025. The company reported a 46.6% YoY increase in revenue to INR 441.9 crore in H1FY26, and a 60.6% YoY growth in PAT to INR 27.5 crore in H1FY26. The order book stands at INR 1,099 Cr as of 30 September 2025, primarily driven by railway sector expansion and government initiatives.
Key Highlights
- 1
Revenue grew by 46.6% YoY to INR 441.9 crore in H1FY26
- 2
EBITDA surged by 52.8% YoY to INR 50.1 crore in H1FY26
- 3
PAT grew by 60.6% YoY to INR 27.5 crore in H1FY26
- 4
Robust order book at INR 1,099 Cr as of 30 September 2025
- 5
Secured notable export orders for Traction Transformers to Germany and IGBT-based Inverters to the USA
- 6
Commenced commercial production of critical and highly specialised Copper Conductors
- 7
Completed the strategic acquisition of business and operating assets of BeLink Solutions, France
Management Comments
Suramya Nevatia
We are pleased to report strong financial performance driven by sustained business momentum, driven by disciplined execution, a robust order pipeline, and continued progress on strategic initiatives. Our order book remains at an all-time high of INR 1,099 Cr, supported by Indian Railways’ electrification initiatives and sustained demand from the industrial segment. The quarter witnessed significant strategic developments with the appointment of Mr. Manoj Nair as Chief Executive Officer, whose extensive experience will sharpen strategic focus and help scale our operations. The acquisition of Belink Solutions in France established our European manufacturing base, strengthening our global footprint in advanced technology segments. On the domestic front, the commissioning of our Copper Conductors facility at Sinnar marks a major step in backward integration, supporting our traction transformer requirements and unlocking new opportunities for the wider transformers industry. In addition, we have strengthened our balance sheet through a preferential allotment of equity warrants of INR 27.4 Cr to a promoter group entity, reflecting continued promoter confidence.
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