Earnings call · Apr–Jun 2026
Hind Rectifiers Ltd.
Hirect's Apr–Jun 2026 revenue grew 20.3% to ₹258 crore on consolidated basis, driven by railway business & initial international orders. Management targets 30% growth for FY27 & aspires to reach ₹100 crore revenue in 5 years by expanding from components to integrated systems across railways, industrial & defense segments.
The full notes: numbers & KPIs, strategy, outlook, risks, what analysts asked.
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From the company
- Manoj Nair
- Nemani
- Shubhi Gupta
Questions came from
- Deepak PurswaniSVAN Investments
- Midhun JamesMoat PMS.Midhun James
- NishitaSapphire Capital
- Ashish Soni
- Uzair LariAveksat Financial Advisory
- Garvit GoyalSerene Alpha
Topics in this call
Opening remarks
Manoj Nair
Thank you, Suramya. I would like to take a few minutes to talk about what, in my view, is the most important foundation behind Hirect's next phase of growth, our engineering and technology capabilities. At Hirect, we have always believed that sustainable growth in the railway business has to be built on strong engineering.
Over the years, we have moved from individual power electronic products towards increasingly complex railway systems, and we are now strengthening this capability further through our investments in people, R&D and product development. Today, we have more than 200 engineers across our R&D centers in Mumbai and Hyderabad with the Mumbai center focused on our core technology development and Hyderabad strengthening our software and digital intelligence capabilities.
Read the whole call: 91 paragraphs, 8 analysts' questions with every answer, 10 marked passages.
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The transcript as the company published it on its website (its BSE filing points there). Our own rules split it into speakers & sections; an unusual layout can trip them, so check the original PDF for anything important. Not a recommendation.