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Hind Rectifiers Ltd reports financial results for FY19

Posted On: 2019-05-20 22:32:16

Hind Rectifiers Limited, a company engaged in designing and manufacturing industrial power electronics and power conversion equipment, announced its Q4FY19 results today.

Profit After Tax for the quarter stood at Rs 4.96 Crore as against Profit of Rs 3.2 crore in Q4FY18.

Earnings per share (not annualized) for the quarter stood at Rs 2.99

Operating profit (EBITDA) for Q4FY19 was Rs 9.15 crore, as against EBITDA of Rs 6.22 crore in the same period a year ago.

During the quarter the company bagged orders of Rs. 88.05 crores.

FY19 vs. FY18 Performance:

- Net Sales at Rs 255.14 crore vs. Rs 127.06 crore, up 100.8%
- Profit After Tax at Rs 11.79 crore vs Profit of Rs 1.32crore
- EBIDTA at Rs 25.92 crore vs Rs 9.62 crore, up 169.44%

Mr. Suramya Nevatia Chief Executive Officer Hind Rectifiers said, "We are pleased that FY19 has been a fruitful year for our company. The next financial year seems promising with balanced growth and strong global partnerships. Our goal is to maintain the momentum and continue to expand our reach at a constant pace."

Shares of HIND RECTIFIERS LTD. was last trading in BSE at Rs.126 as compared to the previous close of Rs. 116.4. The total number of shares traded during the day was 6732 in over 98 trades.

The stock hit an intraday high of Rs. 128.8 and intraday low of 122.05. The net turnover during the day was Rs. 833169.


Source: Equity Bulls

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