Hirect Ltd

Hind Rectifiers Ltd share price declined by 1.81% to Rs 1290.35 after the company's net profit witnessed a sharp fall of 508.81% to Rs 6.5 crore, while revenue from operations softened by 7.64% to Rs 258.45 crore in Q2FY26 over Q1FY26. The market capitalization of Industrial Products industry group stocks on BSE stood at Rs 2.79 lakh crore, gaining 5.05%. It has improved by 2.90% over last one week and rallied by 37.57% in last one month while the market capitalization of Hind Rectifiers Ltd has slipped by 2.36% and 51.39% in the same period respectively. Profit before tax (PBT) of Hind Rectifiers Ltd stood at Rs 11.63 crore in Q2 FY26, nosediving by 35.75% year-on-year, and surging by 1268.24% quarter-on-quarter. EBITDA came in at Rs 9 crore, tumbling by 62.96% YoY and jumping 21.12% sequentially. Total expenses slightly declined by 9.20% to Rs 249.94 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 218.03 crore, growing marginally by 6.37% YoY, while employee benefits expense was at Rs 40.8 crore, inching up 4% YoY. For the TTM ended FY26, revenue from operations surged 52.45% to Rs 999.13 crore, while net profit saw a mild growth of 4.02% to Rs 38.6 crore, compared to previous TTM. EBITDA surged by 7317% to Rs 82.42 crore, and PBT inched up 7.58% to Rs 53.91 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 85.81 crore in FY26, as against Rs 35.63 crore in FY25. Hind Rectifiers Ltd jumped 37.70% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 2.56% during the same period.

Hirect (Formerly known as Hind Rectifiers ) has secured its first development order for Vande Metro (Namo Bharat) trainset from Rail Coach Factory (RCF), Kapurthala, marking a significant milestone in the Company's expansion into advanced railway technologies for next-generation rolling stock. Vande Metro is a self-propelled, fully air conditioned 16-coach trainset operating on intercity routes up to 250 km, with operational speeds up to 130 kmph. The order, valued at approximately Rs 60 crore, involves the Design, Development, Manufacture, Supply, Installation, Testing and Commissioning of an IGBT-based 3-phase propulsion system, Traction Transformers, Traction Motors, TCMS (Train Control and Management System) and other equipment. This order includes a comprehensive annual maintenance contract for the entire system. The order is expected to be executed over a period of 21 months.

Hirect (Formerly known as Hind Rectifiers) has secured its maiden order for Mainline Electric Multiple Unit (MEMU) trainsets from MCF, marking a significant milestone in the Company's strategic evolution from a component manufacturer to a provider of integrated railway systems. The development order, valued at approximately Rs 60 crore, involves the supply of complete Propulsion Systems for 4 MEMU trainsets, including Traction Transformers, Traction Motors, Complete Propulsion System with TCMS (Train Control and Management System). The order is expected to be executed over a period of 24 months.

Hind Rectifiers announced that the Annual General Meeting(AGM) of the company will be held on 11 August 2026.

Hirect GHL wil operate as an investment holding company to oversee the investments globally. The subsidiary has been incorporated with authorized capital of AED 150,000 divided into 150 shares of AED 1,000 each. Hind Rectifiers holds 100% of the equity share capital of Hirect GHL. Hind Rectifiers is engaged in developing, designing, manufacturing, and marketing electronic, electrical, and electromechanical equipment; power electronic equipment; and railway traction equipment. On consolidated basis, the company's net profit tumbled 54.95% to Rs 4.50 crore in Q4 FY26 from Rs 9.99 crore in Q4 FY25. Revenue from operations jumped 51.22% YoY to Rs 279.81 crore in Q4 FY26. The counter declined 2.76% to settle at Rs 1121.40 on the BSE.Powered by Capital Market - Live

The board of Hind Rectifiers at its meeting held on 10 June 2026 has approved increase in authorised share capital from Rs 10 crore to Rs 30 crore by increasing equity share capital by 10 crore equity shares of Rs 2 each.

The board of Hind Rectifiers at its meeting held on 10 June 2026 has approved to change in name of the company to 'Hirect'.

Hind Rectifiers announced that the Board of Directors of the Company at its meeting held on 16 May 2026, inter alia, have recommended the final dividend of Rs 1.4 per equity Share (i.e. 70%) , subject to the approval of the shareholders.

Net loss of Hind Rectifiers reported to Rs 1.59 crore in the quarter ended March 2026 as against net profit of Rs 9.99 crore during the previous quarter ended March 2025. Sales rose 51.21% to Rs 279.82 crore in the quarter ended March 2026 as against Rs 185.05 crore during the previous quarter ended March 2025. For the full year,net profit rose 4.02% to Rs 38.60 crore in the year ended March 2026 as against Rs 37.11 crore during the previous year ended March 2025. Sales rose 52.45% to Rs 999.13 crore in the year ended March 2026 as against Rs 655.37 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales279.82185.05 51 999.13655.37 52 OPM %3.0110.75 -8.4210.73 - PBDT5.4216.22 -67 69.7558.60 19 PBT1.5714.01 -89 55.9150.11 12 NP-1.599.99 PL 38.6037.11 4 Powered by Capital Market - Live

Hind Rectifiers will hold a meeting of the Board of Directors of the Company on 16 May 2026.