Hirect Ltd (BOM:504036)

Q3 2026 Hind Rectifiers Ltd Earnings Call Transcript

Feb 11, 2026 / 04:30 AM GMT

Release Date Price: ₹684.75 (-2.39%)

Transcript

Key Points

Positve

Hind Rectifiers Ltd (BOM:504036) reported a significant revenue growth of 64.2% year-over-year for Q3 FY26, reaching INR 277.4 crore.
The company's order book remains robust at INR 1,103 crore as of December 31, 2025, providing strong visibility for future quarters.
Successful backward integration project for specialized copper conductors is expected to enhance cost efficiencies and supply chain reliability.
The appointment of Mr. Douglas Bailey as global CEO, with over three decades of experience, strengthens the leadership team.
The company announced a bonus issue of shares in a 1:1 ratio, reflecting confidence in its financial position and growth prospects.

Negative

EBITDA margin decreased by 120 basis points year-over-year due to expansion-led investments and increased input costs.
The propulsion system trials are ongoing, with completion expected in 3 to 4 months, delaying potential revenue from this segment.
The European subsidiary, DLin Hire SAS, continues to be loss-making and will take time to turn profitable.
There is a delay in railway tenders, which were expected to close in the current quarter, affecting short-term order inflows.
Fluctuations in commodity prices, particularly copper, have impacted margins, though mitigation efforts are underway.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HRCT.NS - Hind Rectifiers Ltd
Q3 2026 Hind Rectifiers Ltd Earnings Call
Feb 12, 2026 / 04:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the Hinder Etiies Limited earnings call for Q3 and 9 month FY26. This conference call may contain forward-looking statements about the company which are based on the beliefs, opinion, and expectations of the company as on the date of this call. The statements are not guarantees of future performance and involve risk and uncertainties that are difficult to predict. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing, then 0 on a touchstone phone. Please note that this conference is being

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