Integrated Filing — IndAS

General information about company
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-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	05-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	26-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	EQUIPMENT AND ELECTRONIC COMPONENTS
Start date and time of board meeting	05-May-2025   15:00:00
End date and time of board meeting	05-May-2025   16:00:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-01-31
Indicate Company website link for updated RPT policy of the Company	https://hirect.com/wp-content/uploads/2025/03/RPT-Policy-31012025.pdf
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?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
NA

Financial Results Ind-AS
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	1850494000	6553674000
	Other income	3411000	14811000
	Total income	1853905000	6568485000
2	Expenses
(a)	Cost of materials consumed	1371623000	5011082000
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-1405000	-228226000
(d)	Employee benefit expense	173266000	632590000
(e)	Finance costs	40185000	131916000
(f)	Depreciation, depletion and amortisation expense	22147000	84870000
(f)	Other Expenses
1	Other expenses	106445000	433543000
	Total other expenses	106445000	433543000
	Total expenses	1712261000	6065775000
3	Total profit before exceptional items and tax	141644000	502710000
4	Exceptional items	0	0
5	Total profit before tax	141644000	502710000
6	Tax expense
7	Current tax	39174000	131169000
8	Deferred tax	973000	-1167000
9	Total tax expenses	40147000	130002000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	101497000	372708000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	101497000	372708000
17	Other comprehensive income net of taxes	322000	-32000
18	Total Comprehensive Income for the period	101819000	372676000
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	34325000	34325000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		1565969000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	5.92	21.73
	Diluted earnings (loss) per share from continuing operations	5.91	21.7
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	5.92	21.73
	Diluted earnings (loss) per share from continuing and discontinued operations	5.91	21.7
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		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 5th May, 2025. The Statutory Auditors have carried out the Statutory Audit of the financial results for the quarter and year ended 31st March, 2025 under Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulation, 2015. n n2) 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). n n3) In view of the MAT Credit available, the Company has not exercised the non revisable option permitted under section 115BAA of the Income Tax Act, 1961 as introduced by the Taxation Law (Amendment) Ordinance, 2019 n n4) The Company operates in a single segment as per Indian Accounting Standard (Ind AS) 108. n n5) The Board of Directors have recommended a dividend of Rs. 2 Per equity share of Rs. 2/- each (Previous year Rs. 1.20 Per equity share of Rs. 2/- each). The same is subject to the approval of members of the company in the ensuing Annual General Meeting. n n6) The figures for the quarters ended 31 March 2025 and 31 March 2024 are the balancing figures between the audited figures in respect of the full financial years and the published year to date figures up to the third quarter of the respective financial years. n n7) The figures for the corresponding previous periods have been regrouped / restated, wherever necessary to conform with the current period's classification. n n nFOR HIND RECTIFIERS LIMITED nSURAMYA NEVATIA nCHAIRMAN & MANAGING DIRECTOR(CEO) nDIN 06703910 n n nPlace : MUMBAI nDated: 5th MAY, 2025

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	866455000
	Capital work-in-progress	68438000
	Investment property	0
	Goodwill	0
	Other intangible assets	156613000
	Intangible assets under development	52887000
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	4184000
	Trade receivables, non-current
	Loans, non-current	10000
	Other non-current financial assets	114539000
	Total non-current financial assets	118733000
	Deferred tax assets (net)
	Other non-current assets	242636000
	Total non-current assets	1505762000
2	Current assets
	Inventories	1207331000
	Current financial asset
	Current investments	0
	Trade receivables, current	1095496000
	Cash and cash equivalents	2934000
	Bank balance other than cash and cash equivalents	8402000
	Loans, current	631000
	Other current financial assets	87674000
	Total current financial assets	1195137000
	Current tax assets (net)
	Other current assets	234985000
	Total current assets	2637453000
3	Non-current assets classified as held for sale	32578000
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	4175793000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	34325000
	Other equity	1565969000
	Total equity attributable to owners of parent	1600294000
	Non controlling interest
	Total equity	1600294000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	283998000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	38073000
	Total non-current financial liabilities	322071000
	Provisions, non-current	52510000
	Deferred tax liabilities (net)	15314000
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	389895000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1305816000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	14299000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	584864000
	Total Trade payable	599163000
	Other current financial liabilities	143645000
	Total current financial liabilities	2048624000
	Other current liabilities	72550000
	Provisions, current	40974000
	Current tax liabilities (Net)	23456000
	Deferred government grants, Current
	Total current liabilities	2185604000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	2575499000
	Total equity and liabilites	4175793000
	Disclosure of notes on assets and liabilities	Textual Information(1)

Text Block

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 5th May, 2025. The Statutory Auditors have carried out the Statutory Audit of the financial results for the quarter and year ended 31st March, 2025 under Regulation 33 of SEBI (Listing Obligations & Disclosure Requirements) Regulation, 2015. n n2) 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). n n3) In view of the MAT Credit available, the Company has not exercised the non revisable option permitted under section 115BAA of the Income Tax Act, 1961 as introduced by the Taxation Law (Amendment) Ordinance, 2019 n n4) The Company operates in a single segment as per Indian Accounting Standard (Ind AS) 108. n n5) The Board of Directors have recommended a dividend of Rs.2 Per equity share of Rs. 2/- each (Previous year Rs. 1.20 Per equity share of Rs. 2/- each). The same is subject to the approval of members of the company in the ensuing Annual General Meeting. n n6) The figures for the quarters ended 31 March 2025 and 31 March 2024 are the balancing figures between the audited figures in respect of the full financial years and the published year to date figures up to the third quarter of the respective financial years. n n7) The figures for the corresponding previous periods have been regrouped / restated, wherever necessary to conform with the current period's classification. n n nFOR HIND RECTIFIERS LIMITED nSURAMYA NEVATIA nCHAIRMAN & MANAGING DIRECTOR(CEO) nDIN 06703910 n n nPlace : MUMBAI nDated: 5th MAY, 2025

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
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-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
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 Gains/(Loss) on post-employment defined benefit plan	455000	-45000
	Total Amount of items that will not be reclassified to profit and loss	455000	-45000
2	Income tax relating to items that will not be reclassified to profit or loss	133000	-13000
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
5	Total Other comprehensive income	322000	-32000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			502710000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			131916000
	Adjustments for decrease (increase) in inventories			-240142000
	Adjustments for decrease (increase) in trade receivables, current			-582565000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			128178000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			84870000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			245014000
	Adjustments for other financial liabilities, non-current			27839000
	Adjustments for unrealised foreign exchange losses gains			-1851000
	Adjustments for dividend income			0
	Adjustments for interest income			3113000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			779000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			142624000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			-66451000
	Net cash flows from (used in) operations			436259000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			80014000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			356245000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			2909000
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			12506000
	Purchase of property, plant and equipment			227156000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			60000000
	Purchase of other long-term assets			99000000
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			79000
	Interest received			3424000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-253056000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			2109000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			159586000
	Repayments of borrowings			104103000
	Payments of lease liabilities			18753000
	Dividends paid			20565000
	Interest paid			125652000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-107378000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-4189000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-4189000
	Cash and cash equivalents cash flow statement at beginning of period			15525000
	Cash and cash equivalents cash flow statement at end of period			11336000