Q2FY20 vs. Q2FY19 Performance:
H1FY20 vs. H1FY19 Performance:
Mumbai, November 11, 2019: Hind Rectifiers Limited, a company engaged in designing and manufacturing industrial power electronics and power conversion equipment, announced its Q2FY20 results today.
Profit After Tax for the quarter stood at Rs 7.52 Crore as against Profit of Rs 2.35 crore in Q2FY19.
Earnings per share (not annualized) for the quarter stood at Rs 4.55
Operating profit (EBITDA) for Q2FY20 was Rs 13.47 crore, as against EBITDA of Rs 5.57 crore in the same period a year ago.
Mr. Suramya Nevatia Chief Executive Officer Hind Rectifiers said, “I am happy to announce that Hind Rectifiers Ltd. has maintained a steady growth in second quarter, in an evolving market scenario. The core operations have helped in increasing both our operating revenue and EBITDA. We will continue to augment the full utilization of facilities, to provide innovative solutions and we will strive to ensure that we continue to maintain our growthmomentum.”
About Hind Rectifiers:
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 manufacturing facilities at Nashik, Maharashtra and 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.