Hind Rectifiers Limited, a key player in power semiconductors, electronic systems, and railway traction equipment, has announced its unaudited results for the quarter ended June 30, 2025. In the first quarter of FY26, Hind Rectifiers Limited recorded consolidated revenue of ₹214.8 crore, marking a 58.5% increase from ₹135.5 crore in the same period last year. This growth reflects strong demand across its core segments, driven by improved market positioning and strategic execution. The rise in revenue also underscores the company’s ability to capitalize on emerging opportunities, particularly in the railway and power electronics sectors.
EBITDA for the quarter stood at ₹24.2 crore, up 66.9% from ₹14.5 crore in Q1 FY25, indicating better cost efficiency and a favorable product mix. The EBITDA margin also improved to 11.3%, compared to 10.7% in the previous year, highlighting gains in operational efficiency. Profit after tax saw an 85.5% jump, reaching ₹12.8 crore from ₹6.9 crore, reflecting disciplined financial management and enhanced profitability.
On the operational front, the company’s order book reached an all-time high of ₹1,025 crore as of June 30, 2025. This robust pipeline is largely attributed to strong traction from Indian Railways, which placed two substantial orders worth ₹127 crore and ₹101 crore, respectively. These orders reaffirm Hind Rectifiers’ role as a critical supplier in India’s expanding railway infrastructure.
The company also achieved key milestones in technology development, including the successful commissioning of an indigenously developed propulsion system, which has now entered the field trial phase. Additionally, it secured a significant order for a next-generation propulsion system tailored for passenger locomotives. Looking ahead, the company remains focused on innovation, localization of technology, and consistent execution to support long-term growth.
Suramya Nevatia, Chairman and CEO, commented “Revenue growth of over 58%, improved margins, and PAT nearly doubling reflect the strength of our execution and sustained demand. Indian Railways contributed ₹327 crore in new orders, bolstering our position in the transport electrification space. The commissioning of our indigenous propulsion platform marks a major step forward, with real-world trials now underway. Additionally, the recent order for a new-generation system for passenger locomotives opens up new growth avenues.” The Board has approved a preferential allotment of warrants worth ₹27.4 crore to the promoter group, pending shareholder approval. The funds will support expansion across key verticals.
Founded in 1958 through a collaboration with Westinghouse Brake & Signal, UK, Hind Rectifiers Ltd (HIRECT) has evolved over the past 66 years into a prominent name in the engineering and manufacturing space. With a team of 950 professionals, the company operates two manufacturing facilities located in Nashik and Bhandup, India. Its global presence includes offices in India, Sweden, and the UAE, and its products are exported to more than 30 countries.
HIRECT specializes in the design and production of a broad portfolio of power electronics equipment. Its offerings include Power Converters, Control Electronics, Transformers, Rectifiers, Inverters, Motors, and HVAC systems. These solutions are engineered to meet the demands of both high-performance industrial operations and critical transportation infrastructure.
The company serves a diverse customer base across sectors such as Railways, Defence, Power, Hydrogen, Steel, Cement, Chemical, and Paper. With a strong emphasis on reliability and efficiency, HIRECT has become a trusted partner for organizations seeking advanced, durable, and tailor-made power electronics systems.
Known for its focus on innovation and quality, HIRECT continues to play a key role in supporting industrial growth and modernizing transportation networks. Its commitment to indigenous development and global standards positions it as a competitive force in both domestic and international markets.
