Hind Rectifiers, a company engaged in designing and manufacturing industrial power electronics and power conversion equipment, announced its Q1FY19 results. Net profit for the quarter stood at Rs 1.32 crore as against net loss of Rs 1.78 crore in Q1FY18. Earnings per share (not annualised) for the quarter stood at Rs 0.82. The Net Sales for Q1FY19 stood at Rs 43.28 crore as against Rs 18.20 crore reported in Q1FY18, a jump of 137.80 per cent.
Operating profit (EBITDA) for Q1FY19 was Rs 4.22 crore, as against negative EBITDA of Rs 0.29 crore in the same period a year ago. Commenting on the company’s performance, Suramya Nevatia, Chief Executive Officer, Hind Rectifiers said, “Continuing the momentum gathered from last fiscal year, our Q1FY’19 results are in line with expectations. We will work towards achieving an even stronger order book in the upcoming quarters and continue our growth trajectory.”
