Hind Rectifiers hits record order book, advances propulsion systems

Hind Rectifiers Limited reported Q1 FY26 revenue growth of 58.5% to INR214.8 crores, with EBITDA rising 66.9% to INR24.2 crores and profit jumping 85.5% to INR12.8 crores.

The company's order book reached a record INR1,022 crores, including INR228 crores in Indian Railways locomotive orders. Its indigenously developed propulsion system will begin field trials with Western Railways.

The board approved a INR27.4 crore preferential warrant issue to promoters for growth funding. The company expects to execute its current order book within 12-18 months.