| Scrip Code | 504036 |
|---|---|
| NSE Symbol | HIRECT |
| MSEI Symbol | NOTLISTED |
| ISIN | INE835D01023 |
| Name of company | Hind Rectifiers Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 11-02-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 05-02-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 11-02-2026 11:00:00 |
| End date and time of board meeting | 11-02-2026 14:20:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | Yes |
| No. of times funds raised during the quarter | 1 |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| NA | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 24,327.10 | 68,519.20 | |
| Other income | 20.90 | 56.80 | |
| Total income | 24,348.00 | 68,576.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 18,588.00 | 52,757.80 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 131.90 | (1,225.80) |
| (d) | Employee benefit expense | 1,937.10 | 5,745.50 |
| (e) | Finance costs | 465.40 | 1,184.20 |
| (f) | Depreciation, depletion and amortisation expense | 340.00 | 893.30 |
| (f) | Other Expenses | ||
| 1 | Other expenses | 1,123.00 | 3,676.40 |
| Total other expenses | 1,123.00 | 3,676.40 | |
| Total expenses | 22,585.40 | 63,031.40 | |
| 3 | Total profit before exceptional items and tax | 1,762.60 | 5,544.60 |
| 4 | Exceptional items | (127.70) | (127.70) |
| 5 | Total profit before tax | 1,634.90 | 5,416.90 |
| 6 | Tax expense | ||
| 7 | Current tax | 134.00 | 1,208.00 |
| 8 | Deferred tax | 128.10 | 79.90 |
| 9 | Total tax expenses | 262.10 | 1,287.90 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 1,372.80 | 4,129.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 1,372.80 | 4,129.00 |
| 17 | Other comprehensive income net of taxes | (4.40) | (63.20) |
| 18 | Total Comprehensive Income for the period | 1,368.40 | 4,065.80 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 343.70 | 343.70 | |
| Face value of equity share capital | 2 | 2 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 7.99 | 24.04 | |
| Diluted earnings (loss) per share from continuing operations | 7.98 | 23.99 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 7.99 | 24.04 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 7.98 | 23.99 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1 The above results have been recommended by the Audit Committee and approved by the Board of Directors of the Company at the meeting held on 11th February 2026. The Statutory Auditors have carried out the Limited Review of the financial results for the quarter and nine months ended 31st December, 2025 under Regulation 33 of SEBI Listing Obligations & Disclosure Requirements Regulation, 2015. 2 The above results, published in accordance with Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements) Regulations, 2015, have been prepared in accordance with Indian Accounting Standards IND AS notified under section 133 of the Companies Act, 2013 read with relevant rules thereunder and other accounting principles generally accepted in India along with guidelines issued by the Securities and Exchange Board of India (SEBI). 3 A company with the name BELINK HIRECT SAS was incorporated on September 30, 2025 as a subsidiary of Hind Rectifiers Limited. Effective date of takeover of business is October 1, 2025. 4 Pursuant to the shareholders special resolution dated July 29 2025 under Sections 42 and 62 1 c of the Companies Act 2013 and SEBI ICDR Regulations 2018 Chapter V Reg 160 b the Company approved a preferential issue of up to 200000 convertible warrants at Rs 1,368.23 per warrant 1:1 conversion into equity shares of face value Rs 2 each aggregating Rs 27,36,46,000. During the period 25 Percent of the consideration Rs 68411500 was received pending allotment exercise this amount is presented under Other equity Money received against share warrants. The funds received have not been utilised as on 31st December 2025 and parked in fixed deposits for Rs 68000000 5 During the period, pursuant to the enactment of the New Labour Codes by the Government of India effective 21 November 2025 the Company has reassessed its employee benefit obligations in accordance with Ind AS 19 Employee Benefits. Accordingly, the Company has recognised a onetime increase in employee benefit provision amounting to Rs 12.77 million representing past service cost which has been recognised in the Statement of Profit and Loss for the period and disclosed as an exceptional item. The Government is in the process of notifying detailed rules under the New Labour Codes. The impact if any arising from such rules will be evaluated and accounted for in accordance with applicable indian accounting standards in the period in which such rules are notified and become effective. 6 Pursuant to section 115BAA of the Income Tax Act 1961 the Company has opted for the concessional effective tax rate of 25.168 Percent inclusive of applicable surcharge and cess from FY 2025 26 AY 2026 27 Consequently the Company has computed its current tax liability and deferred tax assets for the quarter based on the reduced tax rate as prescribed under Section 115BAA. Accordingly the MAT Credit Entitlement recognized in the earlier periods has been reversed and written off during the current period amounting to Rs 0.11 million. 7 The figures for the corresponding previous periods have been regrouped restated wherever necessary to conform with the current periods classification. FOR HIND RECTIFIERS LIMITED SURAMYA NEVATIA CHAIRMAN & MANAGING DIRECTOR DIN 06703910 Place MUMBAI Dated 11th February 2026 |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | CTC/ PICC/ EPICC | 0.000741 | 0.000741 | ||||
| 2 | Engineering Products | 24,323.50 | 68,515.60 | ||||
| Total Segment Revenue | 24,397.60 | 68,589.70 | |||||
| Less: Inter segment revenue | 70.50 | 70.50 | |||||
| Revenue from operations | 24,327.10 | 68,519.20 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | CTC/ PICC/ EPICC | (101.80) | (101.80) | ||||
| 2 | Engineering Products | 2,868.70 | 8,421.50 | ||||
| Total Profit before tax | 2,766.90 | 8,319.70 | |||||
| i. Finance cost | 465.40 | 1,184.20 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 666.60 | 1,718.60 | |||||
| Profit before tax | 1,634.90 | 5,416.90 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | CTC/ PICC/ EPICC | 6,838.10 | 6,838.10 | ||||
| 2 | Engineering Products | 42,510.30 | 42,510.30 | ||||
| Total Segment Asset | 49,348.40 | 49,348.40 | |||||
| Un-allocable Assets | 5,887.70 | 5,887.70 | |||||
| Net Segment Asset | 55,236.10 | 55,236.10 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | CTC/ PICC/ EPICC | 4,062.60 | 4,062.60 | ||||
| 2 | Engineering Products | 10,886.60 | 10,886.60 | ||||
| Total Segment Liabilities | 14,949.20 | 14,949.20 | |||||
| Un-allocable Liabilities | 40,286.90 | 40,286.90 | |||||
| Net Segment Liabilities | 55,236.10 | 55,236.10 | |||||
| Disclosure of notes on segments | Textual Information(2) | ||||||
| Textual Information(2) | During the current period, the Company’s manufacturing operations relating to Continuously transposed conductor CTC Plant were identified and managed as a separate business line and whose operating results are regularly reviewed . Accordingly, Continuously transposed conductor CTC Plant has been identified as a separate operating and reportable segment with effect from November 3, 2025. The segment information for the corresponding previous period has not been presented, as the manufacturing operations of this segment commenced during the current period. Accordingly, the segment information for the current period is not comparable with that of the previous period. |
|---|
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Actuarial Gain/(Loss) on post-employment defined benefit plan | (5.90) | (84.50) |
| Total Amount of items that will not be reclassified to profit and loss | (5.90) | (84.50) | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (1.50) | (21.30) |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | (4.40) | (63.20) |
| Mode of Fund Raising | Preferential Issues |
|---|---|
| Description of mode of fund raising (Applicable in case of others is selected) | |
| Date of Raising Funds | 29-07-2025 |
| Amount Raised | 2,73,64,60,000.00 |
| Report filed for Quarter ended | 31-12-2025 |
| Monitoring Agency | Not Applicable |
| Monitoring Agency Name, if applicable | |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
| If Yes, Date of shareholder Approval | |
| Explanation for the Deviation / Variation | |
| Comments of the Audit Committee after review | |
| Comments of the auditors, if any |
| Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
| Name of signatory | Suramya Nevatia |
| Designation of person | Managing Director |
| Place | Mumbai |
| Date | 11-02-2026 |