Q3FY20 vs. Q3FY19 Performance:
9MFY20 vs. 9MFY19 Performance:
Mumbai, February 6, 2020: Hind Rectifiers Limited, a company engaged in designing and manufacturing industrial power electronics and power conversion equipment, announced its Q3FY20 results today.
Profit After Tax for the quarter stood at Rs 3.69 Crore as against Profit of Rs 3.15 crore in Q3FY19.
Earnings per share (not annualized) for the quarter stood at Rs 2.24
Operating profit (EBITDA) for Q3FY20 was Rs 8.42 crore, as against EBITDA of Rs 6.98 crore in the same period a year ago.
Mr. Suramya Nevatia Chief Executive Officer Hind Rectifiers said, “I am pleased to announce that we have maintained the growth momentum for third quarter of the fiscal year with good performance, which is in line with our future plans. As a company, we will continue to implement strategies to increase the revenue, acquire new customers, increase our recurring revenue portion and extend our footprint in other geographies.”
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.