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Electronic Components company Hind Rectifiers announced Q4FY26 & FY26 results Consolidated Financial Highlights: Quarterly Performance (Q4FY26): Revenue from Operations: Rs 2,798.15 million in Q4FY26, compared to Rs 1,850.49 million in Q4FY25, representing a YoY increase of 51.21%. On a QoQ basis, revenue increased by 0.87% from Rs 2,773.89 million in Q3FY26. Total Income: Rs 2,808.99 million in Q4FY26, a YoY increase of 51.52% from Rs 1,853.90 million in Q4FY25, and a QoQ increase of 1.19% from Rs 2,775.98 million in Q3FY26. Net Profit/Loss: The company reported a Net Loss of Rs 15.89 million in Q4FY26, compared to a Net Profit of Rs 99.91 million in Q4FY25 and a Net Profit of Rs 126.97 million in Q3FY26. Total Comprehensive Income: Reported a loss of Rs 13.58 million in Q4FY26, compared to an income of Rs 100.23 million in Q4FY25 and Rs 128.47 million in Q3FY26. Annual Performance (FY26): Revenue from Operations: Rs 9,991.25 million for FY26 compared to Rs 6,553.67 million for FY25, an increase of 52.45%. Total Income: Rs 10,007.71 million for FY26 compared to Rs 6,568.48 million for FY25. Net Profit: Rs 385.97 million for FY26 compared to Rs 371.13 million for FY25, an increase of 4.00%. Standalone Financial Highlights: Quarterly Performance (Q4FY26): Revenue from Operations: Rs 2,640.20 million in Q4FY26, up 42.68% YoY from Rs 1,850.49 million in Q4FY25 and up 8.53% QoQ from Rs 2,432.71 million in Q3FY26. Total Income: Rs 2,644.15 million in Q4FY26, a YoY increase of 42.63% from Rs 1,853.90 million in Q4FY25 and a QoQ increase of 8.60% from Rs 2,434.80 million in Q3FY26. Net Profit: Rs 163.81 million in Q4FY26, a YoY increase of 61.40% from Rs 101.49 million in Q4FY25 and a QoQ increase of 19.33% from Rs 137.28 million in Q3FY26. Annual Performance (FY26): Revenue from Operations: Rs 9,492.12 million for FY26 compared to Rs 6,553.67 million for FY25, an increase of 44.84%. Net Profit: Rs 576.71 million for FY26 compared to Rs 372.71 million for FY25, an increase of 54.73%. Business Highlights: Segment-wise Performance (Consolidated FY26 Revenue): Engineering Products: Reported revenue of Rs 9,492.60 million. CTC/PICC/EPICC: Reported revenue of Rs 207.51 million. This segment was identified as a separate operating and reportable segment effective November 3, 2025. EMS: Reported revenue of Rs 498.29 million. Dividend: The Board of Directors recommended a dividend of Rs 1.40 per equity share of face value of Rs 2 each (70%) for the financial year ended March 31, 2026. Bonus Issue: During the year, the company allotted 1,71,83,807 bonus equity shares in the ratio of 1:1 on March 27, 2026, by capitalisation of Securities Premium. This increased the paid-up equity share capital to Rs 68.74 million. Expansion/Subsidiaries: A new subsidiary, ELVENTIVE FRANCE SAS (formerly BELINK HIRECT SAS), was incorporated on September 30, 2025, with the effective date of business takeover being October 1, 2025. Exceptional Item: The company recognized a one-time increase in employee benefit provision amounting to Rs 19.96 million as an exceptional item, following the reassessment of obligations under the New Labour Codes effective November 21, 2025. Capital Raise: The company approved a preferential issue of up to 2,00,000 convertible warrants at Rs 1,368.23 per warrant. As of March 31, 2026, 25% of the consideration (Rs 68.41 million) was received and parked in fixed deposits. Suramya Nevatia, Chairman & Managing Director of Hind Rectifiers said, “We delivered a strong performance in FY26, driven by robust execution across our railway and industrial businesses, supported by healthy demand, improving operational efficiencies, and focused capacity expansion initiatives. For FY26, Our Consolidated revenue grew by 52.5% YoY to Rs. 999.1 crore, while EBITDA increased by 19.6% YoY to Rs. 84.1 crore. Profitability remained resilient despite investments in new capabilities, R&D;, and global expansion initiatives. Importantly, operating cash flow strengthened significantly to Rs. 85.8 crore in FY26, registering a robust growth of 141.0% YoY, driven by improved execution, efficient working capital management, and stronger operating discipline. Our order book remained healthy with an order backlog of Rs. 845.5 crore at the end of FY26, while fresh order inflows stood at Rs. 858.4 crore during the year. Sustained investments by Indian Railways in electrification, rolling stock modernisation, and safety systems continue to provide strong long-term growth visibility and a robust opportunity pipeline for the business. During the year, we operationalised our CTC copper conductor facility with an installed capacity of ~350 TPM. The facility strengthens backward integration, improves supply reliability, enhances cost efficiencies, and also creates opportunities in external markets. We also made significant progress in our indigenous propulsion system development program, which is currently in advanced stages of validation and field trials. Completion of EMI/EMC testing will be a key milestone, enabling execution of existing orders and participation in a larger share of railway propulsion tenders. In parallel, our R&D; pipeline remains strong with 42 products under development across multiple platforms. FY26 also marked an important step in our global expansion strategy with the acquisition of Elventive France, establishing our manufacturing and R&D; footprint in Europe. The acquisition enhances our capabilities in EMS, robotics, and printed electronics, while expanding our access to high-value sectors including defence, aerospace, and industrial electronics. We further strengthened our leadership team to support the next phase of growth through key appointments across domestic operations, global expansion, and strategic business development. With strong industry tailwinds, a healthy order book, improving execution capabilities, strategic backward integration, and continued investments in technology and innovation, we remain confident of delivering sustainable growth and long-term value creation.” Result PDF

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