Hirect Limited , formerly Hind Rectifiers Limited, has made the audio recording of its Q1FY27 earnings conference call available to investors. The call was held on August 12, 2026, at 10:30 AM IST, to discuss the company’s financial and operational performance for the quarter ended June 30, 2026. The recording is accessible via the company’s official website, ensuring transparency and compliance with market regulations.

The availability of the recording follows the initial notice issued on August 6, 2026, where the company informed BSE Limited and National Stock Exchange of India Limited about the scheduled virtual meeting. This update fulfills the requirement under Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates that listed entities make such recordings available within a specified timeframe.

Key Participants

Senior leadership addressed analysts and institutional investors during the call. The participant list included:

Management clarified that discussions were based solely on publicly available information, with no unpublished price-sensitive information (UPSI) intended for discussion. The interaction was conducted via a virtual group call, allowing broad access for stakeholders.

Accessing the Recording

Investors can listen to the full Q1FY27 earnings call by visiting the company’s website. The direct link to the audio file is provided below:

• Audio Recording: Q1FY27 Earnings Call Audio

For those who missed the live event, this resource offers a comprehensive overview of management’s commentary on quarterly results, operational highlights, and future outlook. The company emphasized that any changes to the schedule or content would be communicated promptly through official channels.

Compliance and Governance

The intimation was signed by Suhas Pawar, Company Secretary & Compliance Officer, confirming adherence to regulatory standards. Hirect Limited reaffirmed its commitment to transparent communication with investors, ensuring that all material information is disseminated fairly and promptly. The recording serves as an official record of the discussion, providing clarity on the company’s performance and strategic direction for Q1FY27.

Hirect Limited (formerly Hind Rectifiers Limited) reported a standalone net profit of ₹150.91 million for the quarter ended June 30, 2026, rising from ₹128.13 million in the corresponding period last year. The Board of Directors, meeting on August 11, 2026, approved the unaudited financial results under Regulation 33 of the SEBI Listing Regulations and executed significant leadership changes, including the appointment of Chidambaram Balakrishnan as Global Chief Executive Officer.

Q1FY26 Financial Performance

The company’s consolidated net profit stood at ₹65.01 million for the quarter, compared to a loss of ₹15.89 million in Q4FY26 and a profit of ₹127.65 million in Q1FY25. Consolidated revenue from operations increased to ₹2,584.48 million from ₹2,147.74 million year-on-year. The improvement in consolidated profitability was driven by higher revenues and operational efficiencies, despite a net loss attributable to non-controlling interests of ₹29.21 million.

Standalone EBITDA margin contracted to 10.6% from 11.3% in the previous year, indicating that operating expenses grew at a faster pace than revenue. However, the absolute EBITDA figure rose modestly, supporting the growth in net profit. The segment results highlight that the Engineering Products segment contributed ₹276.76 million to the standalone segment profit, while the new CTC/PICC/EPICC segment generated ₹12.84 million in its first quarter of reporting as a separate operating unit.

Leadership Changes and Governance

The Board appointed Rahul Rai as an Additional Director (Non-Executive Independent Director) for a five-year term starting August 11, 2026, subject to shareholder approval. Rai, an alumnus of IIT (BHU) Varanasi and IIM Ahmedabad, brings over 20 years of global executive experience. Additionally, Anil Kumar Nemani was appointed as an Additional Director and Whole-Time Director, designated as Executive Director and Chief Financial Officer, for a three-year term. Nemani has been with the company since 1992 and holds qualifications in B.Com, Chartered Accountancy, and Cost & Management Accounts.

In a significant leadership shift, Chidambaram Balakrishnan was appointed as Global Chief Executive Officer and Senior Management Personnel, replacing Douglas J. Bailey who resigned effective August 11, 2026. Balakrishnan brings over three decades of experience, including roles as Managing Director at Caterpillar Rail and Regional Director at GE Transportation.

Strategic Investments

The Board also approved an investment in the share capital of up to 300 equity shares of AED 1,000 each in its wholly owned subsidiary, Hirect Global Holdings Limited, UAE. Disclosure regarding this investment will be made upon allotment, as required under SEBI Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

What the Numbers Show

The divergence between standalone and consolidated results warrants attention. While the standalone entity reported a healthy net profit of ₹150.91 million, the consolidated result was significantly lower at ₹65.01 million. This gap is primarily due to the performance of subsidiaries, particularly Elventive France, which reported a net loss after tax of ₹85.91 million for the quarter. The inclusion of Elventive France in the consolidated figures from September 2025 onwards impacts comparability with the prior year, where such losses were not present. Investors should monitor the integration and performance trajectory of international subsidiaries as they become a larger part of the group’s financial profile.