Hind Rectifiers Limited , a leading power electronics company, has reported robust financial performance for the second quarter of fiscal year 2026, marking significant strides in its growth strategy and operational efficiency.

Financial Highlights

The company posted impressive year-on-year growth in Q2 FY26:

This strong performance was attributed to enhanced operational efficiency and successful cost optimization measures.

Strategic Developments

Backward Integration Project

Hind Rectifiers has completed a significant ₹56 crore backward integration project at its Sinnar Plant. This initiative focuses on the production of specialized copper conductors, including:

• Continuously Transposed Conductors (CTC)
• Enameled Paper Insulated Copper Conductor (EPICC)
• Paper Insulated Copper Conductor (PICC)

These components are critical for manufacturing traction transformers, a key product in the company's portfolio. The project aims to streamline the supply chain, address raw material shortages, and reduce dependence on external vendors.

International Acquisition

In a move to strengthen its global footprint, Hind Rectifiers has acquired France-based BeLink Solutions. This strategic acquisition is expected to enhance the company's capabilities in robotics and power electronics, opening up new opportunities in the European and potentially North American markets.

Operational Outlook

The company maintains a robust order book of approximately ₹1,099 crores as of September 30, 2025, indicating strong demand across its product lines. Management expressed confidence in sustaining growth momentum, targeting a year-on-year growth of at least 30% for the next three years.

Management Commentary

Suramya Nevatia, Chairman and Managing Director, stated, "The first half of FY '26 has been marked by strong execution, strategic advancements, and continued growth momentum. With our robust order book and recent strategic initiatives gaining traction, we are confident of sustaining this momentum in the coming quarters."

The company also welcomed Manoj Nair as its new Chief Executive Officer, bringing over three decades of leadership experience in manufacturing, power, and infrastructure sectors.

Future Focus

Hind Rectifiers aims to strengthen its core business, drive innovation, and enhance operational efficiency. The company is exploring global opportunities while maintaining its strong position in the domestic market, particularly in the railway sector.

As Hind Rectifiers continues to expand its product portfolio and global presence, it remains committed to delivering consistent, profitable, and long-term value for all stakeholders.

Hind Rectifiers Limited , a prominent player in the power electronics sector, has announced its quarterly results for the period ended September 30, 2025, along with several strategic initiatives aimed at global expansion and technological advancement.

Financial Performance

The company reported robust financial results for the quarter:

Strategic Initiatives

The Board of Directors approved several key initiatives during their meeting on November 6, 2025:

Global Expansion Plans

Hind Rectifiers plans to explore acquisition and investment opportunities in international markets, focusing on electronics, power semiconductors, and power conversion technologies. This move aims to enhance the company's global footprint and technological competence in the field of power electronics.

Investment in French Subsidiary

The company approved an investment of €830,000 to increase the capital of its French subsidiary, Belink Hirect SAS, from €2 million to €3 million. This investment is expected to strengthen the company's position in European markets and support ongoing projects and future expansion.

Corporate Restructuring

Sale of Dehradun Plant

The Board authorized the sale of its non-operational Dehradun plant, which has been closed since July 2023 due to product obsolescence. This decision aligns with the company's strategy to optimize its operational assets.

Preferential Issue of Convertible Warrants

Hind Rectifiers approved a preferential issue of up to 200,000 convertible warrants at Rs. 1,368.23 per warrant. The company has already received 25% consideration, amounting to Rs. 6.84 crores.

Management Changes

Mr. Manoj Nair, CEO, has been authorized as Key Managerial Personnel for determining the materiality of events and making stock exchange disclosures. This move is expected to enhance the company's corporate governance and transparency.

Conclusion

These strategic decisions reflect Hind Rectifiers' commitment to global expansion, technological advancement, and operational efficiency. The company's strong financial performance, coupled with its forward-looking initiatives, positions it for potential growth in the power electronics sector.