Hind Rectifiers Limited saw its shares surge by 5% today, hitting the upper circuit at Rs 1,228.30 on the NSE. The sharp rally comes after the company reported an impressive financial performance for the quarter ended December 31, 2024 (Q3 FY25), with its net profit skyrocketing 559% year-on-year (YoY) to Rs 10 crore from Rs 1.52 crore in Q3 FY24.
Key Financial Highlights for Q3 FY25 (Consolidated):
- Total income: Rs 169.44 crore, up 24% YoY from Rs 136.71 crore in Q3 FY24.
- Revenue from operations: Rs 168.94 crore, compared to Rs 136.62 crore YoY.
- Profit before tax: Rs 13.45 crore, a significant rise from Rs 1.32 crore in Q3 FY24.
- Expenses: Rs 155.99 crore, up from Rs 128.39 crore YoY due to higher raw material costs and other operating expenses.
- Net profit: Rs 10 crore, up from Rs 1.52 crore YoY, reflecting robust growth in core operations.
Sequential performance (Q3 FY25 vs. Q2 FY25):
- Total income: Rs 169.44 crore, slightly higher than Rs 165.97 crore in the previous quarter.
- Net profit: Rs 10 crore, marginally lower than Rs 10.18 crore in Q2 FY25 due to higher sequential expenses.
Stock performance as of today:
- Current share price: Rs 1,228.30 (up 5%).
- Day range: Rs 1,158.55 – Rs 1,228.30.
- Market capitalization: Rs 21.08 billion.
- 52-week range: Rs 534.10 – Rs 1,588.15.
The company’s strong results have fueled investor sentiment, with analysts highlighting its operational efficiency and growth prospects. The stock continues to draw attention amid robust top-line performance and sectoral momentum.
TOPICS:
Hind Rectifiers