| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 279.81 | 0.9% | 51.2% |
| Total Income | 280.90 | 1.2% | 51.5% |
| Expenditure | 279.33 | 7.0% | 63.0% |
| PBT | 0.85 | 94.5% | 94.0% |
| Net Profit | -1.59 | 112.5% | 115.9% |
| OPM | 2.75% | 6.00pp | 8.00pp |
| NPM | -0.57% | 5.14pp | 5.96pp |
| EPS | 1.52 | 80.0% | 73.9% |
Hind Rectifiers FY26 Revenue Up 52.5% YoY to ₹999.1 Cr
16 May 2026 · 16 May, 9:41 pm
Summary
Hind Rectifiers Limited reported a strong financial performance for FY26, with consolidated revenue from operations growing by 52.5% year-on-year to ₹999.1 crore. Consolidated Profit After Tax after Minority Interest also surged by 21.3% to ₹45.0 crore, demonstrating resilient profitability. The company significantly strengthened its operating cash flow, which grew by 141.0% to ₹85.8 crore, driven by improved execution and efficient working capital management. Management highlighted robust execution across railway and industrial businesses, healthy demand, and capacity expansion initiatives as key drivers, with a healthy order book of ₹845.5 crore providing strong long-term growth visibility.
Key Highlights
- 1
Hind Rectifiers Limited's consolidated revenue from operations grew by 52.5% year-on-year to ₹999.1 crore in FY26.
- 2
Consolidated Profit After Tax (PAT) after Minority Interest surged by 21.3% year-on-year, reaching ₹45.0 crore for FY26.
- 3
The company reported a robust consolidated cash flow from operations, which registered a significant growth of 141.0% year-on-year to ₹85.8 crore in FY26.
- 4
The robust order book backlog stood at ₹845.5 crore as of March 31, 2026, primarily driven by the railway sector's expansion and government initiatives.
- 5
The Board of Directors approved the issuance of bonus shares in the ratio of 1:1, reflecting the company’s strong financial position and commitment to shareholders.
- 6
Hind Rectifiers completed the strategic acquisition of business and operating assets of Elventive France, establishing a European Hub for Next-Gen Robotics, Power Electronics, and EMS.
- 7
The indigenous propulsion system for Indian Railways advanced into validation and field trial stages, marking a key milestone towards execution of existing orders.
Management Comments
Suramya Nevatia
We delivered a strong performance in FY26, driven by robust execution across our railway and industrial businesses, supported by healthy demand, improving operational efficiencies, and focused capacity expansion initiatives. For FY26, Our Consolidated revenue grew by 52.5% YoY to Rs. 999.1 crore, while EBITDA increased by 19.6% YoY to Rs. 84.1 crore. Profitability remained resilient despite investments in new capabilities, R&D, and global expansion initiatives. Importantly, operating cash flow strengthened significantly to Rs. 85.8 crore in FY26, registering a robust growth of 141.0% YoY, driven by improved execution, efficient working capital management, and stronger operating discipline. Our order book remained healthy with an order backlog of Rs. 845.5 crore at the end of FY26, while fresh order inflows stood at Rs. 858.4 crore during the year. Sustained investments by Indian Railways in electrification, rolling stock modernisation, and safety systems continue to provide strong long-term growth visibility and a robust opportunity pipeline for the business. During the year, we operationalised our CTC copper conductor facility with an installed capacity of ~350 TPM. The facility stren
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