Hind Rectifiers targets 30% FY27 revenue growth
Hind Rectifiers has released the transcript of its Q4 & FY26 earnings conference call held on May 18, 2026. The company has set a strategic target of 30% standalone revenue growth for FY27 and aims to achieve $1 billion in revenue within five years. Additionally, the firm reported FY26 revenue of INR949 crores, allocated INR50 crores for FY27 CAPEX, and expects its subsidiary Elventive France to turn profitable at the PBT level in 6-8 quarters.
*this image is generated using AI for illustrative purposes only.
Hind Rectifiers has released the transcript of its earnings conference call for Q4 & FY26, held on Monday, May 18, 2026. The company outlined strategic financial targets, including a 30% standalone revenue growth objective for FY27. Consolidated growth targets are scheduled for review in the upcoming quarter. The disclosure was made pursuant to Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and submitted to BSE Limited and the National Stock Exchange of India Limited by Suhas Pawar, Company Secretary & Compliance Officer.
Strategic Growth Targets
Hind Rectifiers has set a long-term goal of achieving $1 billion in revenue within five years, representing a tenfold increase from its FY26 revenue of INR949 crores. The company aims to reach mid to late teens EBITDA margins by FY31. On the capital expenditure front, the company reported CAPEX of approximately INR70 crores for FY26 and has allocated INR50 crores for FY27 to enhance capacity across transformers, propulsions, and the copper plant.
| Parameter | Details |
|---|---|
| FY27 Standalone Revenue Growth Target | 30% |
| FY26 Revenue | INR949 crores |
| Long-Term Revenue Target | $1 billion (in five years) |
| FY31 EBITDA Target | Mid to late teens |
| FY26 CAPEX | ~INR70 crores |
| FY27 CAPEX Plan | INR50 crores |
| Consolidated Growth Review | Next quarter |
| Elventive France PBT Profitability | Expected in 6-8 quarters |
Subsidiary Outlook
Regarding its subsidiary Elventive France, the company indicated that it is likely to become profitable at the PBT (Profit Before Tax) level within 6 to 8 quarters. Consolidated growth targets will be reviewed and disclosed in the next quarter as the company continues to assess the performance of its international operations.
Recording Availability
The audio recording of the earnings conference call has been published and is accessible through the company's official website. The transcript is also available at https://hirect.com/wp-content/uploads/2026/05/Hirect-Q4-FY26-Earnings-Call-Transcript.pdf . This communication follows earlier intimations dated May 13, 2026 and May 16, 2026.
| Parameter | Details |
|---|---|
| Conference Call Date | Monday, May 18, 2026 |
| Transcript Link | https://hirect.com/wp-content/uploads/2026/05/Hirect-Q4-FY26-Earnings-Call-Transcript.pdf |
| Regulatory Compliance | SEBI (LODR) Regulations, 2015 – Regulation 30(6) |
| Signed By | Suhas Pawar, Company Secretary & Compliance Officer |
Leadership & Call Participants
The earnings conference call was convened to discuss Hind Rectifiers' financial and operational performance for Q4 & FY26. The call featured participation from the company's senior leadership, including Mr. Suramya Nevatia (Chairman & Managing Director), Mr. Manoj Nair (Chief Executive Officer), Mr. Douglas Bailey (Global Chief Executive Officer), and Mr. Anil Kumar Nemani (Chief Financial Officer). The company confirmed that discussions during the call were based solely on publicly available information, with no unpublished price sensitive information (UPSI) intended to be shared.
Historical Stock Returns for Hind Rectifiers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.18% | -2.94% | +15.89% | +42.88% | +62.39% | +1,214.85% |
How does Hind Rectifiers plan to bridge the significant gap between its current INR949 crore revenue and the $1 billion target, and which business segments are expected to drive the majority of this tenfold growth?
What specific capacity expansions in transformers, propulsions, and the copper plant will the INR50 crore FY27 CAPEX unlock, and how will this translate into order book growth?
Given that Elventive France is expected to reach PBT profitability only in 6-8 quarters, what risks could the underperforming subsidiary pose to Hind Rectifiers' consolidated margins and investor sentiment in the near term?
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