Hind Rectifiers Limited, a leading manufacturer of power semiconductors, power electronic equipment and railway transportation systems, has announced its unaudited financial results for the quarter ended 30 June 2025.

In Q1 FY26, revenue from operations rose by 58.5 per cent year-on-year to Rs 2.15 billion, compared to Rs 1.36 billion in Q1 FY25. EBITDA increased by 66.9 per cent to Rs 242 million, with EBITDA margins improving by 60 basis points to 11.3 per cent. Profit after tax (PAT) surged by 85.5 per cent year-on-year to Rs 128 million, up from Rs 69 million in the same quarter last year, reflecting improved operational efficiency and disciplined financial management.

Operationally, the company reported a record-high order book of Rs 10.25 billion as of 30 June 2025, primarily driven by railway sector expansion and government-led initiatives. Key wins during the quarter included two significant orders worth Rs 1.27 billion and Rs 1.01 billion, respectively, from Indian Railways for locomotive components.

Hind Rectifiers also successfully commissioned an indigenously developed propulsion system for Indian Railways, which has now been allocated to a railway shed for field trials. Additionally, the company secured a new order for a next-generation propulsion system tailored for passenger locomotives and is pursuing further opportunities beyond its current order pipeline.

The Board of Directors has approved a preferential issue of warrants amounting to Rs 274 million to the existing promoter group, pending shareholder approval. This move is aimed at supporting growth across its key business verticals.

Commenting on the performance, Chairman, Managing Director and CEO, Suramya Nevatia, said, “We are pleased to report a strong start to FY26, continuing the momentum built in the previous year. Our robust performance reflects our ongoing focus on product mix, cost optimisation and innovation. With a growing technology portfolio and strong industry tailwinds, we are well-positioned to deliver sustained long-term value to our stakeholders.”