Hirect

Hirect Limited reported standalone revenue of ₹236.4 crore and net profit of ₹15.1 crore for the quarter ended June 2026, while consolidated revenue reached ₹258.4 crore and net profit was ₹6.5 crore. Douglas J. Bailey resigned as global chief executive for personal reasons at the close of August 11, and Chidambaram Balakrishnan, a former managing director at Caterpillar Rail and regional director at GE Transportation, took over immediately. The board also appointed Rahul Rai as an independent director and Anil Kumar Nemani as executive director and whole-time director, with Nemani designated chief financial officer. Hirect's FY26 consolidated revenue was ₹999.1 crore and its order book stood at ₹845.5 crore at March 2026. The company had received two US orders in late July, including one for IGBT converters for mining, while propulsion-system trials on Western Railway had begun in January. Its EMS business generated ₹22.1 crore of revenue in the quarter and recorded a loss of ₹8.5 crore.

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Aug 11 (Reuters) - Hirect Ltd HRCT.NS:

• HIND RECTIFIERS JUNE-QUARTER CONSOL NET PROFIT 94.2 MILLION RUPEES

• HIND RECTIFIERS JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.58 BILLION RUPEES

• HIRECT - APPOINTS ANIL KUMAR NEMANI AS EXECUTIVE DIRECTOR AND CFO

• HIRECT - APPOINTS CHIDAMBARAM BALAKRISHNAN AS GLOBAL CEO

Source text: ID:nNSE3NFV0H

Further company coverage: HRCT.NS

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July 31 (Reuters) - Hirect Ltd HRCT.NS:

• HIRECT LTD - SECURES ORDER FROM UNITED STATES FOR IGBT CONVERTERS FOR MINING INDUSTRY

Source text: ID:nNSETqXMB

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July 29 (Reuters) - Hirect Ltd HRCT.NS:

• HIND RECTIFIERS - SECURES ORDER FROM UNITED STATES FOR TRACTION MOTOR ASSEMBLIES

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Hirect Limited secured its first order for Mainline Electric Multiple Unit (MEMU) trainsets from Modern Coach Factory, a unit of Indian Railways, on July 26. The contract, valued at approximately Rs. 60 crores, covers supply of complete propulsion systems for four MEMU trainsets and is to be executed within 24 months. This marks a new product category for the company, which already supplies propulsion systems for the Vande Metro platform and other railway electrification products. Hirect, formerly known as Hind Rectifiers Limited, is a leading domestic manufacturer of traction transformers and power electronics for the railway sector.

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Hirect Limited (formerly Hind Rectifiers Limited) has secured its first development order for Vande Metro (Namo Bharat) trainsets from Indian Railways. The supply contract, valued at approximately ₹60 crore, is to be executed within 21 months. The company disclosed the order in a regulatory filing on July 25, 2026. This marks Hirect's entry into the Vande Metro programme, expanding its footprint beyond conventional traction equipment and power electronics. The order was awarded at arm's length and does not involve promoter or group companies.

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May 13 (Reuters) - Hind Rectifiers Ltd HRCT.NS:

• HIND RECTIFIERS LTD - TO CONSIDER FUND RAISING VIA PREFERENTIAL ISSUE OF EQUITY SHARES

Source text: ID:nBSE8FkW6f

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March 23 (Reuters) - Hind Rectifiers Ltd HRCT.NS:

• ANNOUNCES COMMERCIAL AVAILABILITY OF CTC, PICC, AND EPICC COPPER CONDUCTORS

Source text: ID:nBSEbPbTHN

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Feb 11 (Reuters) - Hind Rectifiers Ltd HRCT.NS:

• HIND RECTIFIERS LTD - ISSUANCE OF BONUS SHARES IN RATIO OF 1:1

• HIND RECTIFIERS LTD - APPROVED 9 MILLION RUPEES INVESTMENT IN COINCADE STUDIOS

• HIND RECTIFIERS DEC-QUARTER CONSOL NET PROFIT 130.1 MILLION RUPEES

• HIND RECTIFIERS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 2.77 BILLION RUPEES

Source text: ID:nNSEc7xn6C

Further company coverage: HRCT.NS

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Jan 30 (Reuters) - Hind Rectifiers Ltd HRCT.NS:

• APPOINTS DOUGLAS J. BAILEY AS GLOBAL CEO

Source text: ID:nBSE7xvjVz

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Oct 10 (Reuters) - Hind Rectifiers Ltd HRCT.NS:

• APPOINTS MANOJ NAIR AS CHIEF EXECUTIVE OFFICER

• SURAMYA NEVATIA TO STEP DOWN AS CEO, CONTINUE AS CHAIRMAN & MD

Source text: ID:nBSE4fWwkr

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** Shares of Hind Rectifiers Ltd HRCT.NS rise 5% to 1,725.6 rupees
** The Semiconductor and electronic equipment maker acquires BeLink Solutions in Europe to strengthen its position in the global robotics and electronic manufacturing services markets
** Acquisition consists of a total consideration of EUR 1 mln ($1.2 mln)
** Stock on track to gain for 2nd straight day
** HRCT up 18.8% YTD so far

($1 = 0.8498 euros)

(Reporting by Meenakshi Maidas in Bengaluru)

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** India's Hind Rectifiers HRCT.NS rises 13.88% to 11,625 rupees after Q1 results

** Stock set for best day since October 2023

** Co's consolidated net profit jumps 84% y/y

** Revenue rises 58.5% y/y on higher demand for electric equipment

** HRCT shares up ~18% YTD

(Reporting by Ananta Agarwal in Bengaluru)

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July 1 (Reuters) - Hind Rectifiers Ltd HRCT.NS:

• SECURED ORDERS AGGREGATING 2.84 BILLION RUPEES DURING JUNE

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** Shares of India's Hind Rectifiers HRCT.NS climb 3.3% to 1,302 rupees

** Electrical components maker gets order approx. 1.27 billion rupees ($14.9 million) from Indian Railways

** Trading vols. ~208k shares vs 30-day avg. of 56k shares

** YTD stock has lost 6%

($1 = 85.4650 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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June 27 (Reuters) - Hind Rectifiers Ltd HRCT.NS:

• HIND RECTIFIERS LTD - GETS ORDER WORTH 1.01 BILLION RUPEES

Source text: ID:nBSE6lM2xY

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May 5 (Reuters) - Hind Rectifiers Ltd HRCT.NS:

• HIND RECTIFIERS MARCH-QUARTER CONSOL NET PAT 99.9 MILLION RUPEES

• HIND RECTIFIERS MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.85 BILLION RUPEES

• HIND RECTIFIERS LTD - DIVIDEND OF 2 RUPEES PER SHARE

• HIND RECTIFIERS LTD - REVIEWS SINNAR FACILITY WITH 520 MILLION RUPEES INVESTMENT

• HIND RECTIFIERS LTD - DEFERS INCORPORATION OF SWEDEN AND FRANCE SUBSIDIARIES

• HIND RECTIFIERS - APPROVES LAND ACQUISITION IN INDIA UP TO 500 MILLION RUPEES

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Further company coverage: HRCT.NS

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Jan 31 (Reuters) - Hind Rectifiers Ltd HRCT.NS:

• HIND RECTIFIERS DEC-QUARTER CONSOL NET PAT 100.1 MILLION RUPEES

• HIND RECTIFIERS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 1.69 BILLION RUPEES

Source text: ID:nBSE5f4NvG

Further company coverage: HRCT.NS

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Nov 22 (Reuters) - Hind Rectifiers Ltd HRCT.NS:

• ANIL MEHTA, JOINT CFO RESIGNS

Source text: ID:nNSE9VfKWN

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Oct 30 (Reuters) - Hind Rectifiers Ltd HRCT.NS:

• HIND RECTIFIERS LTD SEPT-QUARTER NET PAT 101.9 MILLION RUPEES

• HIND RECTIFIERS SEPT-QUARTER REVENUE FROM OPERATIONS 1.66 BILLION RUPEES

Source text: [ID:]

Further company coverage: HRCT.NS

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Oct 18 (Reuters) - Hind Rectifiers Ltd HRCT.NS:

• HIND RECTIFIERS - SECURED ORDERS WORTH 730 MILLION RUPEES

Source text for Eikon: ID:nBSEbR0gpn

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** Shares of Hind Rectifiers HRCT.NS rise exchange-allowed maximum of 5% to 858.95 rupees

** Power equipment maker gets order for over 2 billion rupees (~$24 million) from Indian Railways

** HRCT set for best day in over a month

** Stock up ~59% so far this year after rising ~142% in 2023

($1 = 83.4575 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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Hind Rectifiers Ltd HRCT.NS:

• HIND RECTIFIERS LTD- TO DISPOSE DEHRADHUN PLANT

Source text for Eikon: [ID:]

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** Shares of Hind Rectifiers HRCT.NS up 9.6% at 615.85 rupees

** Power electronics equipment maker said it won orders worth more than 2 bln rupees (~$24 mln) from Indian Railways

** Stock on track to snap four-day losing streak

** HRCT set for best day since Nov. 16, 2023, if trend holds

** Stock's 2.4x annual gain in 2023 is its best yearly rise since listing in 1996; up 4.1% so far this year

($1 = 82.8700 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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Feb 8 (Reuters) - Hind Rectifiers Ltd HRCT.NS:

• HIND RECTIFIERS DEC-QUARTER NET PAT 15.2 MILLION RUPEES VERSUS PROFIT 24.2 MILLION RUPEES

• HIND RECTIFIERS DEC-QUARTER REVENUE FROM OPERATIONS 1.37 BILLION RUPEES VERSUS 972.3 MILLION RUPEES

Source text for Eikon: ID:nBSE7ZWWsb

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** Shares of power electronics equipment maker Hind Rectifiers HRCT.NS rise as much as 5.3% to 581 rupees; last up 1.9%

** Co on Friday executed amicable agreement with registered trade union to offer the option of voluntary retirement to the unionized workers; union to withdraw all the matters filed against co

** Stock up about 63% in Dec. quarter, on track for the best quarter since Dec. 2014

** Stock has more than doubled so far this year, on track for the best year since 2006

** HRCT above its 50-, 100-, and 200-day moving averages; on track for a third consecutive session of gains

** More than 24,100 shares change hands, 0.8x the 30-day avg

** Stock has more than doubled so far this year

(Reporting by Dimpal Gulwani in Bengaluru)

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Dec 22 (Reuters) - Hind Rectifiers Ltd HRCT.NS:

• REGISTERED TRADE UNION AND CO HAVE MUTUALLY DECIDED TO SETTLE ISSUE AND HAVE ENTERED INTO AN AMICABLE AGREEMENT

• CO WILL OFFER OPTION OF VOLUNTARY RETIREMENT TO UNIONIZED WORKERS

• IN LIEU OF SAME UNION WILL WITHDRAW ALL MATTERS FILED BY THEM AGAINST CO

• AGREEMENT HAS BEEN EXECUTED BETWEEN CO AND UNION

Source text for Eikon: ID:nBSEFG6j2

Further company coverage: HRCT.NS

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July 14 (Reuters) - Hind Rectifiers Ltd HRCT.NS:

• INDUSTRIAL TRIBUNAL PASSED INTERIM ORDER, IMPOSED STAY ON CLOSURE OF MANUFACTURING OPERATIONS AT BHANDUP

• COMPANY HAS FILED WRIT PETITION CHALLENGING IMPUGNED INTERIM ORDER

Source text for Eikon: ID:nNSE8D0BbL

Further company coverage: HRCT.NS

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May 26 (Reuters) - Hind Rectifiers Ltd HRCT.NS:

• INDIA'S HIND RECTIFIERS MARCH-QUARTER NET LOSS AFTER TAX 24.6 MILLION RUPEES VERSUS PROFIT 15.6 MILLION RUPEES

• HIND RECTIFIERS MARCH-QUARTER REVENUE FROM OPERATIONS 1.12 BILLION RUPEES VERSUS 1.02 BILLION RUPEES

• RE-APPOINTS SURAMYA NEVATIA AS MD, CEO

Source text for Eikon: ID:nBSE24BSsV

Further company coverage: HRCT.NS

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