Hind Rectifiers Limited — Quarter and year ended March 31, 2026
| Sr. No. | Particulars | For the Quarter ended on | For the year ended on |
|---|---|---|---|
| 31.03.26 (Audited) | 31.12.25 (Unaudited) | ||
| 1 | Income | ||
| a | Revenue From Operations | 2,640.20 | 2,432.71 |
| b | Other Income | 3.95 | 2.09 |
| Total Income | 2,644.15 | 2,434.80 | |
| 2 | Expenses | ||
| a | Cost of materials consumed | 1,947.87 | 1,858.80 |
| b | Purchases of Stock-in-Trade | – | – |
| c | Changes in inventories of finished goods, work-in-progress and Stock-in-Trade | 72.25 | 13.19 |
| d | Employee benefits expense | 214.40 | 193.71 |
| e | Finance costs | 40.08 | 46.54 |
| f | Depreciation and amortization expenses | 37.02 | 34.00 |
| g | Other expenses | 137.18 | 112.30 |
| Total expenses | 2,448.80 | 2,258.54 | |
| 3 | Profit/(Loss) before exceptional items and tax | 195.35 | 176.26 |
| 4 | Exceptional items | (7.19) | (12.77) |
| 5 | Profit/(Loss) before tax | 188.16 | 163.49 |
| 6 | Tax expense : | ||
| a | Current tax | 10.93 | 13.40 |
| b | Deferred tax | 13.42 | 12.81 |
| 7 | Net Profit/ (Loss) for the period | 163.81 | 137.28 |
| 8 | Other comprehensive income/(loss) | ||
| Items that will not be reclassified to profit and loss in subsequent period | |||
| (i) | Actuarial Gain/(Loss) on post-employment defined benefit plan | 0.87 | (0.59) |
| (ii) | Tax on Above | (0.22) | 0.15 |
| 9 | Total Comprehensive income for the period | 164.46 | 136.84 |
| 10 | Details of equity share capital | ||
| Paid-up equity share capital of Rs. 2 each | 68.74 | 34.37 | |
| 11 | Reserves excluding revaluation reserve | ||
| 12 | Earnings per equity share | ||
| Earnings per equity share before exceptional items | |||
| Basic | 4.98 | 4.37 | |
| Diluted | 4.96 | 4.36 | |
| Earnings per equity share after exceptional items | |||
| Basic | 4.77 | 4.00 | |
| Diluted | 4.75 | 3.99 |
| Sr. No | Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|---|
| I. ASSETS | |||
| 1 | Non Current Assets | ||
| a | Property, Plant and Equipment | 1,466.92 | 866.45 |
| b | Capital Work in Progress | 32.99 | 68.44 |
| c | Other Intangible Assets | 169.40 | 156.61 |
| d | Intangible Assets under Development | 58.79 | 52.89 |
| e | Right to use leased asset | 31.13 | 47.63 |
| f | Financial Assets | ||
| i. Investments | 182.98 | 4.19 | |
| ii. Loans | – | 0.01 | |
| iii. Other Financial Assets | 65.37 | 114.54 | |
| g | Deferred tax Assets (net) | – | – |
| h | Other Non Current Assets | 33.73 | 195.00 |
| Total Non Current Assets | 2,041.31 | 1,505.76 | |
| 2 | Current Assets | ||
| a | Inventories | 1,352.80 | 1,207.32 |
| b | Financial Assets | ||
| i. Trade Receivables | 2,270.97 | 1,095.50 | |
| ii. Cash and Cash equivalents | 3.21 | 2.94 | |
| iii. Bank Balances other than (ii) above | 10.69 | 8.41 | |
| iv. Loans | 0.05 | 0.63 | |
| v. Other Financial Assets | 186.24 | 87.67 | |
| c | Current Tax Assets (Net) | – | – |
| d | Other Current Assets | 228.51 | 234.98 |
| Total Current Assets | 4,052.47 | 2,637.45 | |
| 3 | Assets held for Sale | 32.34 | 32.58 |
| TOTAL ASSETS | 6,126.12 | 4,175.79 | |
| II. EQUITY AND LIABILITIES | |||
| 1 | Equity | ||
| a | Equity Share Capital | 68.74 | 34.33 |
| b | Other Equity | 2,143.90 | 1,565.96 |
| Total Equity | 2,212.64 | 1,600.29 | |
| 2 | Liabilities | ||
| Non Current Liabilities | |||
| a | Financial Liabilities | ||
| i. Borrowings | 325.04 | 284.00 | |
| ia. Lease liabilities | 19.11 | 37.27 | |
| ii. Other Financial Liabilities | 0.80 | 0.80 | |
| b | Provisions | 63.80 | 52.51 |
| c | Deferred tax Liabilities (net) | 46.12 | 15.31 |
| Total Non Current Liabilities | 454.87 | 389.89 | |
| Current Liabilities | |||
| a | Financial Liabilities | ||
| i. Borrowings | 1,897.76 | 1,305.81 | |
| ia. Lease liabilities | 18.16 | 15.58 | |
| ii. Trade Payables | |||
| a. total outstanding dues of micro and small enterprises | 29.07 | 14.30 | |
| b. total outstanding dues of creditors other than micro and small enterprises | 1,088.47 | 584.86 | |
| iii. Other Financial Liabilities | 216.55 | 128.08 | |
| b | Other Current Liabilities | 143.65 | 72.55 |
| c | Provisions | 53.07 | 40.97 |
| d | Current Tax Liabilities (net) | 11.88 | 23.46 |
| Total Current Liabilities | 3,458.61 | 2,185.61 | |
| TOTAL EQUITY AND LIABILITIES | 6,126.12 | 4,175.79 |
| Particulars | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|
| A. CASH FLOW FROM OPERATING ACTIVITIES | ||
| Net Profit/(Loss) Before Exceptional Item | 749.81 | 502.71 |
| Add/(Less): Exceptional Items | (19.96) | – |
| Net Profit/(Loss) After Exceptional Item | 729.85 | 502.71 |
| Adjusted for | ||
| Depreciation & Amortization Expense | 109.85 | 68.75 |
| Depreciation on right of use assets | 16.50 | 16.12 |
| Income on investments | (4.00) | (3.11) |
| Assets and CWIP written off | 10.05 | 39.50 |
| Gain / Loss on sale of assets | 0.18 | (9.14) |
| Bad debts, Liquidated damages and Provision for doubtful debts | 78.36 | 77.14 |
| Expense of Provision for warranty | 45.13 | 32.70 |
| Expense of Provision for Gratuity | 5.19 | 2.42 |
| ESOP expenses | 5.42 | 0.78 |
| Exchange rate fluctuation | (4.67) | (1.85) |
| Interest Charged | 158.50 | 131.92 |
| Operating Profit before Working Capital Changes | 1,150.36 | 857.94 |
| Changes in | ||
| Trade & Other Receivables | (1,165.61) | (582.57) |
| Inventories | (145.48) | (240.14) |
| Trade payables | 523.05 | 128.18 |
| Other financial liabilities | 556.12 | 245.01 |
| Other liabilities and provisions | 120.38 | 27.84 |
| (111.54) | (421.68) | |
| Cash Generated from Operations | 1,038.82 | 436.26 |
| Direct Taxes Paid | (132.00) | (80.01) |
| Net Cash from Operating Activities | 906.82 | 356.25 |
| B. CASH FLOW FROM INVESTING ACTIVITIES | ||
| Purchase of Property, Plant and Equipment, Capital Work in Progress, Intangible Assets and Intangible Assets under development | (703.65) | (227.16) |
| Proceeds from disposal of Property, Plant and Equipment | 0.09 | 12.51 |
| Proceeds from bank deposits | 99.00 | 60.00 |
| Bank Deposits placed | (68.00) | (99.00) |
| Investment in Subsidiary | (178.79) | (2.91) |
| Interest Received | 3.64 | 3.42 |
| Dividend Received | 0.08 | 0.08 |
| Net Cash used in Investing Activities | (847.63) | (253.06) |
| C. CASH FLOW FROM FINANCING ACTIVITIES | ||
| Proceeds of ESOP | 1.80 | 2.11 |
| Proceeds of Share warrant share application money | 68.41 | – |
| Dividend paid | (34.32) | (20.57) |
| Payment of lease liabilities | (20.01) | (18.76) |
| Proceeds from Borrowings | 201.38 | 159.59 |
| Repayment from Borrowings | (124.51) | (104.10) |
| Interest Paid | (149.38) | (125.65) |
| Net Cash used in Financing Activities | (56.63) | (107.38) |
| Net Changes in Cash & Cash Equivalents (A+B+C) | 2.56 | (4.19) |
| Cash & Cash Equivalents – Opening Balance | 11.34 | 15.53 |
| Cash & Cash Equivalents – Closing Balance | 13.90 | 11.34 |
| Sr. No | Particulars | For the Quarter ended on | For the year ended on |
|---|---|---|---|
| 31.03.26 (Audited) | 31.12.25 (Unaudited) | ||
| 1 | Segment Revenue | ||
| CTC/PICC/EPICC | 200.10 | 7.41 | |
| Engineering Products | 2,640.20 | 2,432.35 | |
| Total | 2,840.30 | 2,439.76 | |
| Less : Intersegment Revenue | 200.10 | 7.05 | |
| ** |