Hind Rectifiers Limited, a leading player in power electronics, semiconductor equipment, and railway transportation solutions, has announced strong financial results for the quarter and nine months ending December 31, 2024. In Q3FY25, the company reported a strong financial performance with a 24% year-on-year (YoY) increase in total income, reaching INR 169.4 crore, up from INR 136.7 crore in Q3FY24.
Earnings before interest, tax, depreciation, and amortization (EBITDA) saw a 34% YoY rise, amounting to INR 18.1 crore compared to INR 13.5 crore in the same period last year. The EBITDA margin improved by 90 basis points, increasing from 9.8% in Q3FY24 to 10.7% in Q3FY25. Profit After Tax (PAT) saw an exceptional 567% YoY surge to INR 10 crore, significantly higher than INR 1.5 crore in Q3FY24, primarily driven by better operational efficiencies and lower financial costs.
For the first nine months of FY25, the company achieved a 29% YoY increase in total income, reaching INR 471.45 crore, up from INR 366.4 crore in 9MFY24. EBITDA showed a robust 67% YoY growth, rising to INR 51.54 crore compared to INR 30.9 crore in the previous year. The EBITDA margin strengthened by 250 basis points, improving from 8.4% in 9MFY24 to 10.9% in 9MFY25. Meanwhile, PAT surged by 267% YoY to INR 27.12 crore, significantly higher than INR 7.4 crore, driven by increased profitability and lower tax expenses.
The company’s order book remains strong at approximately ₹900 crore, reflecting a healthy pipeline of projects. In a strategic move, it has received approval to set up a wholly owned subsidiary dedicated to IT, AI, Web3, and software innovation, aligning with emerging technology trends. Additionally, Hind Rectifiers secured a significant order worth ₹73 crore from Indian Railways for Loco transformers, reinforcing its leadership in the railway sector. During the quarter, the company received new orders totaling ₹229 crore, further strengthening its market position.
Product innovation continues to be a key focus, with the launch of new solutions such as propulsion systems for locomotives and Roof Mounted Package Units (RMPU) for passenger coaches. These advancements align with the company’s strategy to expand its product portfolio and cater to the evolving needs of the transportation and infrastructure sectors. With a strong financial performance, a growing order book, and ongoing product innovations, the company is well-positioned for sustained growth in the coming quarters.
Suramya Nevatia, MD & CEO of Hind Rectifiers Limited, expressed satisfaction with the company’s performance, stating, “We are pleased with our strong growth and operational efficiency in Q3 and 9M FY25. Our total income and PAT have grown significantly, driven by strategic cost management and expanding our product offerings. With a healthy order book of ₹900 crore and a solid pipeline, we remain focused on the railway sector, which continues to be a key growth driver for us. We are also progressing with our capacity expansion plans and backward integration initiatives to improve cost efficiency.”
Nevatia continued, “The government’s ongoing focus on railway infrastructure development and electrification is a major opportunity for our business. With our strong order book, engineering expertise, and commitment to innovation, we are confident in our ability to continue driving long-term growth across all segments.”
