One of Mukul Agrawal’s semiconductor stocks engaged in manufacturing power semiconductors, power electronic equipment, and railway transportation equipment, primarily serving the railway sector and contributing significantly to India’s infrastructure development. The stock has hit a 5 percent upper circuit after reporting a 558.53 percent YOY increase in net profit.
Stock Price Movement
With a market capitalization of Rs. 2,114.10 crores, the shares of Hind Rectifiers Limited’s stock surged by 5 percent, reaching an upper circuit of Rs. 1,231.80 per share on Friday, up from its previous closing price of Rs. 1,173.15 per share.
Q3 FY25 Result Walkthrough
Coming into the quarterly results of Hind Rectifiers Limited, the company’s consolidated revenue from operations increased by 23.65 percent YOY, from Rs. 136.63 crore in Q3 FY24 to Rs. 168.94 crore in Q3 FY25, and grew by 1.87 percent QoQ from Rs. 165.84 crore in Q2 FY25.
In Q3 FY25, Hind Rectifiers Limited’s consolidated net profit increased by 558.53 percent YOY, reaching Rs. 10.01 crore compared to Rs. 1.52 crore during the same period last year. As compared to Q2 FY25, the net profit has decreased by 1.77 percent, from Rs. 10.19 crore.
The basic earnings per share increased by 17.51 percent and stood at Rs 5.84 as against Rs 4.97 recorded in the same quarter in the previous year 2024.
Order book
Hind Rectifiers Limited has a strong order pipeline of Rs. 891 crore as of November 2024, set for execution within 6-12 months, ensuring revenue growth. This is driven by new product development, a steady order flow, and the addition of new customers.
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Recent Developments
Hind Rectifiers Limited’s Board has approved the incorporation of a wholly owned subsidiary focused on developing cutting-edge products and solutions in information technology (IT), artificial intelligence (AI), Web3, and software solutions.
Products and Services
Hind Rectifiers offers a diverse range of products, including DSP-based digital controllers, electric locomotives and railway equipment, and power semiconductor devices and power electronic solutions, catering to various industrial and railway applications.
Shareholding pattern
In December 2024, Hind Rectifiers India Limited had a majority stake held by the promoters at 43.98 percent, foreign institutional investors at 6.28 percent, domestic institutional investors at 0.07 percent, and the public at 49.64 percent.
In the public holding, Ace investor Mukul Mahavir Agrawal has held a stake of 1.46 percent in the company, which had a holding value of Rs. 30.7 crore with ownership of 2,50,000 shares.
Written By – Nikhil Naik
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