Confident of building a strong order book in the upcoming quarters
Hind Rectifiers Limited, a company engaged in designing and manufacturing industrial power electronics and power conversion equipment, announced a 69.51% increase in net sales at Rs 54.43 crore for Q4FY18 as against Rs 32.11 crore during the same period in the previous fiscal.
Net profit for Q4FY18 was Rs 3.55 crore compared to Net Loss of Rs. 4.00 crore in Q4FY17. Operating profit (EBIDTA) was Rs 6.45 crore for Q4FY18 as against Rs 3.04 crore during the same period last year. Earnings per share (not annualized) for the quarter stood at Rs 2.15
Net Sales for FY18 stood at Rs 126.18 crore as against Rs 111.48 crore during FY17, an increase of 13.19%
Net profit for FY18 stood at Rs 1.40 crore as against a loss of Rs 6.97 crore during FY17.
Operating profit (EBITDA) for FY18 was Rs 10.28 crore, 98.84% higher compared to Rs 5.17 crore in FY17. Earnings per share (not annualized) for the FY18 stood at Rs 0.84
Commenting on the Company’s performance, Mr. Suramya Nevatia, Chief Executive Officer, Hind Rectifiers said, “The quarter has been satisfactory for us. We are confident of building an even stronger order book in the upcoming quarters and achieve steady growth on account of efficient order execution.”
Hind Rectifiers Limited, known as ‘Hirect’, was founded in 1958, in collaboration with Westinghouse, Brake & Signal, U.K. Hirect, listed on BSE and NSE, is engaged in developing, designing and manufacturing power electronics and power conversion devices for a wide range of end-user industries such as Railways, Power, Telecommunication, IT, Steel, Non Ferrous metals, among others. The Company’s main manufacturing facility is at Bhandup, Mumbai while it also has a manufacturing facility at Nashik, Maharashtra and two plants at Dehradun, Uttarakhand. Its product portfolio includes Rectifiers, Transformers, Inverters, Converters, Semi-Conductors, Controllers and power supply system for Electro Static Precipitators. The growth story of Hirect has been entwined closely with that of the Indian Railways, the latter being among the largest and longest client relationships of Hirect.
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