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Hind Rectifiers Delivers Robust Q2 FY26

2025-11-10

Hind Rectifiers, a leading manufacturer of power semiconductors, power electronic equipment and railway transportation systems, announced its unaudited financial results for the quarter and half year ended September 30, 2025.

Key Consolidated Highlights – Q2 FY26

Revenue from operations grew 37 per cent YoY to Rs 2.27 billion (Rs 1.65 billion in Q2 FY25).
EBITDA rose 41.4 per cent YoY to Rs 250.9 million (Rs 180.3 million in Q2 FY25), supported by backward integration and improved operating leverage.
EBITDA margin improved by 40 bps YoY to 11.4 per cent (11.0 per cent in Q2 FY25).
PAT increased 44.6 per cent YoY to Rs 140.7 million, driven by higher operational efficiencies and financial discipline.

Commenting on the performance, Suramya Nevatia, Chairman & Managing Director, said, “We are pleased to deliver another strong quarter marked by disciplined execution, a robust order pipeline and sustained progress on our strategic priorities. Our order book stands at an all-time high of Rs 10.99 billion, supported by Indian Railways’ electrification initiatives and steady industrial demand.

This quarter also saw important strategic developments, including the appointment of Manoj Nair as Chief Executive Officer, bringing enhanced leadership focus as we scale operations. The acquisition of BeLink Solutions in France establishes our European manufacturing presence and strengthens our position in advanced technology markets. Domestically, the commissioning of our Copper Conductors facility in Sinnar marks a major step in backward integration, supporting traction transformer production and opening new opportunities in the transformer segment.

We have further strengthened our balance sheet through a preferential allotment of equity warrants worth Rs 270.4 million to a promoter group entity, reinforcing long-term promoter confidence.

As we look ahead, our priorities remain clear—enhancing execution, integrating global operations, and accelerating innovation. These initiatives position Hind Rectifiers for sustainable growth and long-term value creation for all stakeholders.”

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