Electronic Components company Hind Rectifiers announced H1FY25 & Q2FY25 results Q2FY25 Financial Highlights: Revenue increased by 25.7% YoY to Rs 166 crore in Q2FY25 from Rs 132 crore in Q2FY24. EBITDA witnessed a growth of 72.2% YoY to Rs 18.30 crore in Q2FY25 from Rs 10.6 crore in Q2FY24. The rise in EBITDA is attributed towards operating leverage reflecting better cost management and profitability. EBITDA margins expanded by ~300 bps YoY to 11.0% in Q2FY25 from 8.04% in Q2FY24. PAT increased by 156.1% YoY to Rs 10 crore in Q2FY25 from Rs 4 crore in Q2FY24. H1FY25 Financial Highlights: Revenue increased by 31.5% YoY to Rs 302 crore in H1FY25 from Rs 230 crore in H1FY24. EBITDA grew by 90.04% YoY to Rs 32.78 crore in H1FY25 from Rs 17.25 crore in HIFY24. EBITDA margins improved by ~336 bps YoY to 10.88% in H1FY25 from 7.52% in H1FY24. PAT jumped by 191.3% YoY to Rs 17 crore in H1FY25 from Rs 6 crore in HIFY24. The PAT growth is largely driven by financial leverage and lower effective tax rate on YoY basis. The company maintains a stable Debt equity ratio at 0.92x. The company clocked a ROCE* of 22.34% (Annualized) versus 12.04% in FY24. ROE stood at 24.53% (Annualized) as compared to 10.59% in FY24. Busniess Highlights: During H1 FY25, the company has launched Railway Propulsion System and Modular Pantry for Train 18. The entire propulsion system was developed indigenously. The overall order book stood at Rs 846.9 crore, as on Sept-24 and the company continues to have a strong order pipeline from Railways. Revenues from Railway segment contributes ~95% to the overall revenue. The Company has incurred capex of Rs 10.07 crore in H1FY25. The Board of Directors has approved the sale of Dehradun Plant (located at situated at New Khasra No.64- 67 & 74, Village Charba, Langha Road, Dehradun- 248197) of the Company not less than Rs. Eight Crores to unrelated party. Suramya Nevatia, MD & CEO of Hind Rectifiers, said “We are pleased to announce that the first half of the fiscal commenced on a strong footing, marked by a notable Revenue growth of 25.7% YoY to Rs 302 crore in H1FY25. We have also witnessed an uptick in EBITDA by 90% to Rs 33 crore along with the margin accretion of 336 bps increasing to 11.1% during the same period. On the profitability front, our PAT has surged to Rs 17 crore in H1FY25; a growth of 191.3% YoY. The company’s order book continues to remain robust at Rs 847 crores as on Sept-30 primarily on the back of government’s continued focus on railway sector and several upcoming opportunities within the industry, we are in process of capacity expansion at our Sinnar & Satpur plant. We have always been at a forefront in terms of Research & Development activities and product innovation. We firmly believe in our engineering expertise coupled with execution capabilities and remain committed in fulfilling existing orders within specified timelines. Our endeavour is to adopt a three-pronged strategy of securing new orders, focus on product development and improving margins. We foresee second half of the fiscal to be promising and the company is well positioned to capture incremental market share in the respective business segments “ Result PDF