Hind Rectifiers Limited — PPTs, 29-07-2025: Investor Presentation

**1. Financial Highlights:**

Q1 FY26 revenue surged 58.5% YoY to INR 214.8 Cr. EBITDA grew 66.9% to INR 24.2 Cr (11.3% margin), and PAT jumped 85.5% to INR 12.8 Cr. A record INR 1,025 Cr order book, largely railway-driven, indicates strong demand.

**2. Strategic Initiatives & Growth Drivers:**

Innovation drives growth with 20 new products, including advanced railway propulsion systems, from in-house R&D. Capacity expansion, backward integration, and global market diversification (Europe/South America) are key strategic priorities.

**3. Business Developments:**

Secured INR 327 Cr Indian Railways orders in Q1 FY26, notably for a new passenger locomotive propulsion system. Its indigenous propulsion system successfully commissioned for field trials. A INR 27.4 Cr preferential warrant issue to promoters awaits shareholder consent.

**4. Market Position & Competitive Advantage:**

Benefiting from robust Indian Railways Capex and government's manufacturing focus, the company maintains a strong leadership in electrical/electronic equipment. Client ties and diversification bolster its competitive edge.

**5. Investor Implications:**

Robust Q1 results and record order book signal compelling positive growth potential. Strategic R&D and capacity growth, aligned with industry tailwinds, point to sustained long-term value.