Hind Rectifiers Limited Registers 69.51 Per Cent Increase in Sales

MUMBAI:
Hind Rectifiers Limited, a company engaged in designing and manufacturing industrial power electronics and power conversion equipment, announced a 69.51% increase in net sales at Rs 54.43 crore for Q4FY18 as against Rs 32.11 crore during the same period in the previous fiscal.
Net profit for Q4FY18 was Rs 3.55 crore compared to Net Loss of Rs. 4.00 crore in Q4FY17. Operating profit (EBIDTA) was Rs 6.45 crore for Q4FY18 as against Rs 3.04 crore during the same period last year. Earnings per share (not annualized) for the quarter stood at Rs 2.15
Net Sales for FY18 stood at Rs 126.18 crore as against Rs 111.48 crore during FY17, an increase of 13.19%
Net profit for FY18 stood at Rs 1.40 crore as against a loss of Rs 6.97 crore during FY17.
Operating profit (EBITDA) for FY18 was Rs 10.28 crore, 98.84% higher compared to Rs 5.17 crore in FY17. Earnings per share (not annualized) for the FY18 stood at Rs 0.84
Commenting on the Company’s performance, Suramya Nevatia, Chief Executive Officer, Hind Rectifiers said, “The quarter has been satisfactory for us. We are confident of building an even stronger order book in the upcoming quarters and achieve steady growth on account of efficient order execution.”