Quarterly revenue rose by 51% year-on-year to ₹279.8 crore, compared to ₹185.1 crore the previous year. However, EBITDA dropped by 58% to ₹8.42 crore during this period, in contrast to ₹19.9 crore in the same quarter last year. The EBITDA margin was recorded at 3.0%, down from 10.8% in the corresponding quarter of the previous year.
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The company’s board has recommended a dividend of ₹1.40 per equity share, equating to 70% of the ₹2 face value for the fiscal year ending March 31, 2026. This dividend is expected to be distributed within 30 days following the declaration by shareholders during the upcoming AGM, with the date to be announced later.
The board also approved the re-appointment of Suramya Nevatia as Managing Director for a three-year term from August 17, 2026, to August 16, 2029, pending shareholders’ approval.
Additionally, it sanctioned a revision in the remuneration and terms of appointment for Akshada Nevatia as Executive Director, based on the Nomination and Remuneration Committee’s recommendation, subject to shareholder approval.
On Friday (May 15), Hind Rectifiers Ltd shares closed at ₹945.30, marking an increase of ₹38.30 or 4.22% on the BSE.
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(Edited by : Jomy Jos Pullokaran)
