Mumbai, January 31, 2025 – (BSE: 504036 | NSE: HIRECT)
Hind Rectifiers Limited (HIRECT), a key player in power conversion technology, announced its unaudited financial results for the third quarter (Q3) and nine months ended December 31, 2024. The company delivered a strong performance, reporting notable revenue growth and profit expansion.Key Financial Highlights (Standalone)
| Particulars (₹ in Lakhs) | Q3 FY25 | Q2 FY25 | Q3 FY24 | 9M FY25 | 9M FY24 | FY24 (Audited) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 16,894.38 | 16,584.49 | 13,662.92 | 47,031.80 | 36,619.41 | 51,755.25 |
| Total Income | 16,944.66 | 16,597.69 | 13,671.12 | 47,145.80 | 36,642.72 | 51,816.27 |
| Total Expenses | 15,599.17 | 15,304.45 | 12,839.39 | 43,535.14 | 34,948.71 | 49,348.15 |
| Profit Before Tax (PBT) | 1,345.49 | 1,293.24 | 132.51 | 3,610.66 | 994.79 | 1,768.90 |
| Net Profit After Tax (PAT) | 1,000.63 | 1,018.52 | 151.85 | 2,712.11 | 739.33 | 1,251.03 |
| Earnings Per Share (EPS) – Basic (₹) | 5.84 | 5.95 | 0.89 | 15.82 | 4.32 | 7.30 |
Segment Performance & Operational Highlights
- Cost Efficiency: The cost of materials consumed increased to ₹12,728.60 lakh in Q3 FY25, reflecting higher production levels to meet growing demand.
- Employee Costs: ₹1,586.25 lakh in Q3 FY25, up from ₹1,454.83 lakh in Q3 FY24, aligned with expansion and workforce growth.
- Finance Costs: ₹251.99 lakh, slightly lower than ₹323.35 lakh in Q3 FY24, indicating efficient debt management.
Corporate Announcements & Strategic Moves
- New Subsidiary in UAE
- Hind Rectifiers established a subsidiary in the UAE during Q3 FY25, though no transactions were recorded as of December 31, 2024.
- Compliance & Reporting
- The company adhered to SEBI and stock exchange regulations by filing its integrated quarterly financials, confirming no outstanding defaults on loans or debt securities.
Management Commentary
Suramya Nevatia, Chairman & Managing Director (CEO), stated:Strategic Outlook
- Revenue Growth: Given the strong momentum in Q3, the company remains on track to surpass last year’s full-year revenue.
- Global Expansion: With a newly incorporated UAE subsidiary, Hind Rectifiers is eyeing international market penetration.
- Operational Efficiency: Continued cost optimization and working capital efficiency are expected to bolster profitability.