Hind Rectifiers Reports Revenue Growth Amid Profit Decline in Q2 FY27
1 report, 1 independent
Updated 00:00
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What happened
Hind Rectifiers Limited reported a 39 per cent year-on-year increase in revenue, reaching Rs 316 crore for the second quarter of the fiscal year 2027. However, consolidated net profit declined by 53.7 per cent to Rs 6.8 crore. The company also approved a corporate guarantee of up to 2 million euros for its wholly-owned subsidiary, Elventive France.
From prokerala.com
Why it matters
The decline in profitability, despite strong revenue growth, was attributed to rising costs, which caused the EBITDA margin to contract sharply to 4.3 per cent. The company, which manufactures power semiconductors and railway transportation systems, also provided financial support for its French unit.
From prokerala.com