Hirect Ltd (BOM:504036)

Q4 2026 Hind Rectifiers Ltd Earnings Call Transcript

May 18, 2026 / 06:30 AM GMT

Release Date Price: ₹913.8 (-3.33%)

Transcript

Key Points

Positve

Hind Rectifiers Ltd (BOM:504036) reported a strong year with a 42.7% year-on-year revenue growth in Q4 FY26.
The company holds the largest market share in traction transformers, a key growth driver.
The fully automated copper conductor facility has started receiving trial orders, indicating potential future revenue.
The acquisition of Elvente France expands manufacturing and R&D presence in Europe, enhancing capabilities in EMS, robotics, and printed electronics.
The company has a robust order book of 845.5 crores as of March 31, 2026, with new order inflows of 858 crores.

Negative

Consolidated EBITDA margins were low at 3% due to Elvente France operating below breakeven in its first year of consolidation.
The acquisition of Elvente France is expected to weigh on consolidated profitability for the next six to eight quarters.
There is uncertainty regarding the timeline for Elvente France to become EBITDA positive, projected to take six quarters.
Order intake is structurally lumpy, driven by railway tendering cycles, which can affect revenue predictability.
The company faces competition in the propulsion systems market, with only a 20% development order eligibility in upcoming tenders.

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

HRCT.NS - Hind Rectifiers Ltd
Q4 2026 Hind Rectifiers Ltd Earnings Call
May 18, 2026 / 06:30AM 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 Interactive Health Limited Earnings Conference Call for Q4 and FY26.

This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as on the date of this call.

These statements are not the guarantees of future performance and involve risks 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 continues.

Should you need assistance during the conference call, please signal an operator by pressing star, then zero on

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