Hind Rectifiers Limited recorded a 55% decrease in consolidated net profit for the fourth quarter ending March 31, compared to the same period last year. The company’s net profit stood at Rs 4.51 crore in the January-March quarter, down from Rs 9.99 crore in the previous fiscal year. Despite this decline, revenue from operations surged by 51% year-on-year to Rs 279.8 crore during the quarter.
The company’s EBITDA for the quarter fell by 58% to Rs 8.42 crore from Rs 19.9 crore in the corresponding period a year ago. Additionally, the EBITDA margin contracted significantly to 3%, down from 10.8% in the same quarter of the previous financial year.
Hind Rectifiers Limited’s board has proposed a dividend of Rs 1.40 per equity share with a face value of Rs 2 each, amounting to 70% for the financial year that concluded on March 31, 2026. The dividend will be disbursed within 30 days of its approval by shareholders at the upcoming annual general meeting, the date of which will be disclosed later.
The company’s board has also sanctioned the re-appointment of Suramya Nevatia as Managing Director for an additional three-year term starting from August 17, 2026, until August 16, 2029, subject to shareholder endorsement. Furthermore, revisions in remuneration and other terms of appointment for Akshada Nevatia as Executive Director have been approved by the board, pending shareholders’ approval.
