Mumbai, 12th February, 2019: Hind Rectifiers Limited has reported a Profit After Tax (PAT) of Rs 3.15 crore as against Rs 0.66 crore in Q3FY18. The nets sales were up by 135.09 per cent at Rs 68.53 crore.
Earnings per share (not annualised) for the quarter stood at Rs 1.91 crore. Operating profit (EBITDA) for Q3 FY19 rose by 149.29 per cent to Rs 6.98 crore, as against EBITDA of Rs 2.80 crore for the corresponding quarter of the previous fiscal.
Commenting on the company’s performance, Suramya Nevatia, CEO, Hind Rectifiers said, “We are delighted to deliver yet another profitable quarter with strong numbers. Our focus on R&D has increased substantially, thus enabling us to enhance our product offering with cost effective and innovative products. We are in line with our growth estimates and are looking to expand through global strategic partnerships.”