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Hind Rectifiers Q4 Net Profit Plunges 55% Despite Revenue Surge

Hind Rectifiers reported a 55% year-on-year decline in Q4 net profit to Rs 4.51 crore. Revenue from operations rose 51% to Rs 279.8 crore during the quarter. EBITDA margin narrowed sharply to 3% from 10.8% in the same period last year. The board recommended a dividend of Rs 1.40 per share and re-appointed Suramya Nevatia as Managing Director for three more years.

Key Points: Hind Rectifiers Q4 Net Profit Drops 55%

  • Net profit fell 55% to Rs 4.51 crore
  • Revenue rose 51% to Rs 279.8 crore
  • EBITDA margin narrowed to 3% from 10.8%
  • Board recommended dividend of Rs 1.40 per share
  • Suramya Nevatia re-appointed as MD for three years
2 min read

Hind Rectifiers clocks 55 pc drop in Q4 net profit, margin shrinks to 3 pc

Hind Rectifiers reports 55% drop in Q4 net profit to Rs 4.51 crore despite 51% revenue growth. EBITDA margin shrinks to 3%. Board approves MD re-appointment.

"The company posted a net profit of Rs 4.51 crore for the January-March quarter, compared with Rs 9.99 crore in the corresponding period last financial year - Hind Rectifiers"

Mumbai, May 16

Hind Rectifiers Limited on Saturday reported a 55 per cent year-on-year decline in consolidated net profit for the fourth quarter ended March 31.

The company posted a net profit of Rs 4.51 crore for the January-March quarter, compared with Rs 9.99 crore in the corresponding period last financial year (Q4 FY25), according to its stock exchange filing.

Revenue from operations, however, rose 51 per cent year-on-year to Rs 279.8 crore during the quarter, against Rs 185.1 crore in the year-ago period.

EBITDA for the quarter declined 58 per cent to Rs 8.42 crore from Rs 19.9 crore a year earlier.

The EBITDA margin also narrowed sharply to 3 per cent, compared with 10.8 per cent in the corresponding quarter last financial year.

The company's board recommended a dividend of Rs 1.40 per equity share of face value Rs 2 each, equivalent to 70 per cent, for the financial year ended March 31, 2026.

The company said the dividend would be paid within 30 days of its declaration by shareholders at the upcoming annual general meeting (AGM), the date of which will be announced later.

In another key development, the board approved the re-appointment of Suramya Nevatia as Managing Director for a further term of three years from August 17, 2026, to August 16, 2029, subject to shareholders' approval.

The board also approved revisions in remuneration and other terms of appointment of Akshada Nevatia as Executive Director, based on the recommendation of the Nomination and Remuneration Committee. The proposal is also subject to shareholders' approval.

Shares of Hind Rectifiers Limited ended Friday's trading session at Rs 945.30 on the Bombay Stock Exchange (BSE), gaining Rs 38.30 or 4.22 per cent.

Hind Rectifiers Limited, popularly known as Hirect, is a Mumbai-based engineering firm founded in 1958 that focuses on manufacturing power semiconductors, propulsion systems and railway transportation equipment for sectors such as railways, defence and industrial power.

- IANS

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Reader Comments

P
Priya S
Hind Rectifiers is a key player in railway electrification and defence – sectors that are booming under Make in India. So why such a profit drop? Maybe they're investing heavily in R&D or new projects. The dividend is a nice gesture but investors will want to see margins improve next year. Let's hope it's a one-off blip. 🤞
J
James A
Impressive revenue growth but the margin compression is alarming. 3% EBITDA margin in a capital-intensive sector like power electronics is very thin. They need to control operating costs urgently. On the positive side, the stock is up 4% today, so the market might be looking beyond the Q4 numbers. Worth watching.
V
Vikram M
Hirect is an old engineering firm with decades of expertise in semiconductors for railways and defence. This profit drop might be due to higher raw material prices or a one-time expense. But with the government pushing for indigenous manufacturing, they have a solid order pipeline. The dividend shows confidence. Let's see how the next few quarters play out.
S
Sarah B
55% profit drop is a red flag. Revenue growth is good but if margins are shrinking to 3%, they're barely making money on sales. The reappointment of the MD with revised pay for the executive director raises governance questions. Are they rewarding performance or just tenure? Investors should dig deeper into the cost structure before jumping in.
R
Rohit P
Revenue up 51% but profit down? That doesn't add up. Maybe they had high depreciation or interest costs from expansion. The stock market seems unfazed – up 4% today. Hirect is a niche

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