Hind Rectifiers Limited, a leading manufacturer of power semiconductors, power electronic equipment, and railway transportation systems, today announced its audited financial results for the quarter and financial year ended 31st March 2025.
Consolidated Financial Highlights – Q4FY25
• Total income rose by 22 per cent year-on-year (YoY) to Rs 185.4 crore in Q4FY25 from Rs 151.7 crore in Q4FY24.
• EBITDA increased by 46 per cent YoY to Rs 20.2 crore in Q4FY25 compared to Rs 13.9 crore in Q4FY24, reflecting strong operational efficiency.
• EBITDA margins expanded by approximately 180 basis points YoY to 10.9 per cent in Q4FY25 from 9.1 per cent in Q4FY24.
• Profit after Tax (PAT) witnessed a 96 per cent YoY surge to Rs 10.0 crore in Q4FY25, up from Rs 5.1 crore in the same period last year, driven by improved cost management and operational leverage.
Consolidated Financial Highlights – FY25
• Total income for FY25 stood at Rs 656.8 crore, up 27 per cent YoY from Rs 518.2 crore in FY24.
• EBITDA grew by 60 per cent YoY to Rs 71.8 crore, compared to Rs 44.9 crore in FY24, owing to operational efficiencies and an improved margin profile.
• EBITDA margin increased by approximately 220 basis points to 10.9 per cent from 8.7 per cent in FY24.
• PAT rose sharply by 197 per cent YoY to Rs 37.1 crore from Rs 12.5 crore in FY24, supported by financial leverage and optimal asset utilisation.
• The company maintained a stable debt-equity ratio at 1.03x.
• Return on Capital Employed (ROCE) improved to 25.6 per cent, up from 19.4 per cent in FY24.
• Return on Equity (ROE) stood at 26.2 per cent in FY25, compared to 10.6 per cent in FY24.
Key Operational Highlights – FY25
• Order book strength: A healthy order book of Rs 893 crore as of March 2025, mainly fuelled by Indian Railways' expansion and supportive government initiatives.
• Strategic expansion: The Board approved incorporation of two wholly owned subsidiaries:
o Coincade Studios Pvt Ltd to develop cutting-edge products in IT, AI, Web3, and software technologies.
o Hirect FZ-LLC – focused on power generation, transmission, and distribution.
• Capital Expenditure (Capex) of Rs 43 crore was incurred, aimed at backward integration and new product lines at the Sinnar and Satpur plants.
• Propulsion system: Successfully completed integration tests and commissioned the indigenously developed propulsion system with Indian Railways.
• New products: Delivered a 7KW battery charger for semi-high-speed trains, further showcasing R&D excellence.
• Global standards: Developed rail products compliant with international standards for export to Germany and the USA.
• Innovation in HVAC: Designed, developed, and commissioned HVAC systems for LHB passenger coaches.
• Continued focus on innovation, indigenous development, and execution excellence to drive sustainable growth.
Commenting on the performance, Suramya Nevatia, MD & Chairman of Hind Rectifiers Limited said, "FY25 has been a landmark year for Hind Rectifiers, marked by record-breaking order inflows, strong revenue growth, and significant margin expansion. Our robust pipeline and strategic investments position us well for long-term growth."
