Hind Rectifiers shares jump 6% in morning trade after the company reported a significant improvement in its financial performance for the fourth quarter, ending on March 31.
The company’s net profit has risen by 96%, reaching ₹10 crore compared to ₹5.1 crore in the same period last year. Additionally, its revenue has increased by 22.2%, amounting to ₹185 crore, up from ₹151.4 crore in the previous year.
The company’s EBITDA also showed a positive trend, rising by 47.8% to ₹19.8 crore, compared to ₹13.4 crore in Q4 of the previous year. This led to an improvement in the company’s margin, which stood at 10.7% in the current quarter, up from 8.9% in Q4 of FY24.
Hind Rectifiers Ltd. opened at ₹976.05 today, with a high of ₹1,029.00 and a low of ₹976.00. The stock is trading significantly below its 52-week high of ₹1,588.15. On the other hand, it has a 52-week low of ₹596.00.
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