Hind Rectifiers hit an upper circuit of 5% to Rs 1,103.65 after the company's net profit zoomed 156.42% to Rs 10.18 crore on 25.66% increase in revenue from operations to Rs 165.84 crore in Q2 FY25 over Q2 FY24.
Profit before tax (PBT) surged to Rs 12.93 crore in Q2 FY25, up 115.86% from Rs 5.99 crore in Q2 FY25.Total expenses grew 21.39% YoY to Rs 153.04 crore in September 2024 quarter. Cost of materials consumed stood at Rs 127.77 crore (up 21.4%) while employee benefits expenses were at Rs 15.73 crore (up 16% YoY) during the period under review.
On half year basis, the companys net profit spiked 191.48% to Rs 17.11 crore on 31.28% increase in revenue from operations to Rs 301.37 crore in H1 FY25 over H1 FY24.
Hind Rectifiers is engaged in developing, designing, manufacturing and marketing of electronic, electrical and electro-mechanical equipment, power electronic equipment & railway traction equipments.
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