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Hind Rectifiers surges 16%, hits new high on strong Q2 results

The company's operating profit (EBITDA) more-than-doubled to Rs 13.47 crore in Q2, as against Rs 5.57 crore in the corresponding quarter of the previous fiscal.

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SI Reporter Mumbai

2 min read Last Updated : Nov 13 2019 | 9:54 AM IST

Shares of Hind Rectifiers surged 16 per cent to hit a new high of Rs 219 in the early morning deals on the BSE on Wednesday after the company reported a robust earnings for July-September quarter (Q2FY20).

The company’s operating profit (EBITDA) more-than-doubled to Rs 13.47 crore in Q2, as against Rs 5.57 crore in the corresponding quarter of the previous fiscal. Net sales grew 40 per cent year-on-year (YoY) at Rs 83.18 crore during the quarter. Net profit increased an over three-times from Rs 2.35 crore to Rs 7.52 crore.

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