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Hind Rectifiers : Q4 2024 Financial Quarterly Report : YoY Sales Up 35.64 %, QoQ Up 10.78 %

June 27, 2024June 27, 2024| adminadmin| 0 Comments| 1:15 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 35.64 % in the past year, substantial increase in net sales/revenue by 10.78 %.
  • Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 116.38 %. Marginal increase in other income during this quarter, up by 375%.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Hind Rectifiers Ltd.,. Profit dropped by -308.43 % Year to Year, Hind Rectifiers Ltd.,’s profitability increased by 236.87 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -302.03 % Year to Year. EPS increased by 235.96 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Hind Rectifiers Ltd.,”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 111.587 Cr Rs. 136.629 Cr Rs. 151.358 Cr + 10.78 % + 35.64 %
Expenses Rs. 100.57 Cr Rs. 123.15 Cr Rs. 137.85 Cr + 11.94 % + 37.07 %
Operating Profit Rs. 11.02 Cr Rs. 13.48 Cr Rs. 13.51 Cr + 0.22 % + 22.6 %
OPM % 9.88 % 9.87 % 8.93 % -0.94 % -0.95 %
Other Income Rs. -2.32 Cr Rs. 0.08 Cr Rs. 0.38 Cr + 375 % + 116.38 %
Interest Rs. 2.27 Cr Rs. 3.23 Cr Rs. 4.14 Cr + 28.17 % + 82.38 %
Depreciation Rs. 1.37 Cr Rs. 2.02 Cr Rs. 2 Cr -0.99 % + 45.99 %
Profit before tax Rs. 5.06 Cr Rs. 8.31 Cr Rs. 7.75 Cr -6.74 % + 53.16 %
Tax % -24.42 % 14.57 % 33.9 % + 19.33 % + 58.32 %
Net Profit Rs. -2.46 Cr Rs. 1.52 Cr Rs. 5.12 Cr + 236.84 % + 308.13 %
EPS in Rs Rs. -1.48 Rs. 0.88 Rs. 2.98 + 238.64 % + 301.35 %


Today, we’re looking at Hind Rectifiers Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 35.64 %. However, it did see a marginal increase of 10.78 % from the previous quarter. Expenses ticked up slightly by 11.94 % quarter-on-quarter, aligning with the annual rise of 37.07 %. Operating profit, while up 22.6 % compared to last year, faced a quarter-on-quarter increase of 0.22 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.95 %, but a shrinkage of -0.94 % sequentially. Other income rose by 375 % compared to the last quarter, despite an annual growth of 116.38 %. Interest expenses surged remarkably by 28.17 % from the previous quarter, yet the year-over-year increase remains at a moderate 82.38 %. Depreciation costs fell by -0.99 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 45.99 %. Profit before tax grew annually by 53.16 % but saw a reduction from the preceding quarter by -6.74 %.
Tax expenses as a percentage of profits increased slightly by 58.32 % compared to last year, with a more notable quarter-on-quarter increase of 19.33 %. Net profit rose by 308.13 % year-on-year but experienced a 236.84 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 301.35 % but a quarterly rise of 238.64 %. In summary, Hind Rectifiers Ltd.,’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 111.587 Cr Rs. 136.629 Cr Rs. 151.358 Cr + 10.78 % + 35.64 %
Expenses Rs. 100.57 Cr Rs. 123.15 Cr Rs. 137.85 Cr + 11.94 % + 37.07 %
Operating Profit Rs. 11.02 Cr Rs. 13.48 Cr Rs. 13.51 Cr + 0.22 % + 22.6 %
Net Profit Rs. -2.46 Cr Rs. 1.52 Cr Rs. 5.12 Cr + 236.84 % + 308.13 %
EPS in Rs Rs. -1.48 Rs. 0.88 Rs. 2.98 + 238.64 % + 301.35 %


In reviewing Hind Rectifiers Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 35.64 % year-on-year growth, however, there was a minor increase of 10.78 % from the previous quarter. Expenses rose by 37.07 % compared to the previous year, with a 11.94 % increase quarter-on-quarter. Operating Profit surged by 22.6 % annually, and saw a 0.22 % increase from the last quarter.
Net Profit showed yearly increase of 308.13 %, and experienced a 236.84 % increase from the previous quarter. Earnings Per Share (EPS) rose by 301.35 % annually, however rose by 238.64 % compared to the last quarter. In essence, while Hind Rectifiers Ltd., exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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