Slide 1: Regulation 30 intimation letter to exchanges
August 11, 2026 BSE Limited National Stock Exchange of India Limited Phiroz Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai 400 001 Bandra (East) Mumbai 400 051 BSE Scrip Code: 504036 NSE Symbol: HIRECT Dear Sir/Madam, Subject: Intimation under Regulation 30 of SEBI Lis
Slide 2: Technology-Led, Globally Scaled: Investor Presentation Q1FY27
TECHNOLOGY-LED GLOBALLY SCALED Investor Presentation Q1FY27
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Hind Rectifiers Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 4: Company Overview
Lj HIRECT Company Overview
Slide 5: Forging Leadership in Systems Engineering
Forging Leadership in Systems Engineering At a Glance From Semiconductors to Systems Leadership Evolved from a pioneering semiconductor manufacturer into a technology-led systems provider for railway and industrial sectors. Engineering Excellence. End-to-End Solutions Leveraging decades of engineeri
Slide 6: Amplifying Impact through Progressive Milestones
Amplifying Impact through Progressive Milestones • Developed indigenous locomotive propulsion systems, advancing system-level solutions • Expanded into battery 2022-26 • Ramped up manufacturing 2010-19 Commissioned 350 TPM copper 1970-89 chargers and industrial & • infrastructure at the Satpur condu
Slide 7: Product Portfolio: Railway Systems
Product Portfolio: Railway Systems Control Electronics & Traction Systems Power Systems Electromechanics IGBT Traction Converter Auxiliary Converter Vehicle Control Unit Water-cooled IGBT-based, microprocessor- 3 × 130 kVA, 180 kVA, converters to supply VCU with multiple processor architecture contr
Slide 8: Product Portfolio: Industrial Systems
Product Portfolio: Industrial Systems Power Supply Systems Industrial Rectifier Systems Single and Three-Phase ESP Power Supplies SMPS Rectifiers Oil-cooled, DSP microcontroller-based Modular and stackable DC power source, power supply systems up to 750 kVA for forced-air-cooled HF transformer recti
Slide 9: Wide Industry Reach with Demonstrated Manufacturing Prowess
Wide Industry Reach with Demonstrated Manufacturing Prowess Diverse End Users Railway and Power Generation Defense Metal and Steel Chemical and Transportation Petrochemical Critical aggregates for Solutions for thermal Engineering specific Energy-efficient Electrochemical process locomotives, metro
Slide 10: Strengthening Access through Fortified Global Capabilities
Strengthening Access through Fortified Global Capabilities Elventive France (Erstwhile Belink Hirect SAS): Serves as Hirect Global Holdings Limited, Dubai, the European hub for EMS, United Arab Emirates: HIRECT GHL to Robotics and Power oversee the investments globally Electronics Satpur Plant, Nash
Slide 11: Ensuring Responsible Business Stewardship
Ensuring Responsible Business Stewardship Board of Directors Suramya Nevatia Akshada Nevatia Chairman & Executive Director Managing Director Anil Kumar Nemani Executive Director & Chief Financial Officer Parimal Rameshchandra Vandan Shah Merchant Non-Independent Independent Non-Executive Director No
Slide 12: Steering the Pathway for Sustainable Growth
Steering the Pathway for Sustainable Growth Leadership Team Suramya Nevatia Akshada Nevatia Saurabh Nevatia Chairman & Managing Executive Director Chief Executive Officer, Director Nashik Plant Chidambaram Manoj Nair Anil Kumar Nemani Balakrishnan Chief Executive Officer Global Chief Executive Execu
Slide 13: Advancing with a Stellar Marquee Clientele
Advancing with a Stellar Marquee Clientele Logos displayed are for representation purposes only and remain the property of their respective owners 12
Slide 14: Strategic Updates & Way Forward
Strategic Updates & Way Forward
Slide 15: Backward Integration in Copper Conductors
Strengthening Core Capabilities through Backward Integration in Copper Conductors Fully Automated 350 TPM 3 Manufacturing Installed Capacity Product Categories Facility (CTC, EPICC, PICC) Strategic Rationale Key Developments Established manufacturing capabilities: Fortifying Supply Chain Control • C
Slide 16: Acquisition of Elventive France
Strategic Expansion: Acquisition of Elventive France (Erstwhile BeLink Solutions) Building European Hub for Robotics, Power Electronics & EMS Robotics ~4 European 6 Power Electronics Decades of Manufacturing Automated Expertise Hub Production Lines EMS Strategic Rationale Strengthening Our Capabilit
Slide 17: Advancing Market Reach through Engineering Innovation
Advancing Market Reach through Engineering Innovation 190+ 50+ 50,000 km Products under Official field trails Engineers Active R&D initiated for Development propulsion systems Key Milestones ✓ Completed external type tests (RDSO & CLW) for the Powering The Future Embedding Intelligence Fortifying Th
Slide 18: Strategic Evolution to Vertically Integrated System Player
Hirect’s Strategic Evolution – Component Supplier to Vertically Integrated System Player ERA 3 (2026 Onwards) ➢ Propulsion Systems Integrated Systems and Global Expansion ➢ Brake systems ➢ Integrated Power Electronics ➢ Design & Integration ERA 2 (2022-2025) Products and ₹ 5 - 5.5 Crore sub-system p
Slide 19: Strategic Priorities Driving Next Phase of Growth
Strategic Priorities Driving HIRECT’s Next Phase of Growth Strengthening indigenization and backward integration across critical components, including CTC copper conductors, aluminum tanks, EMS assemblies, power supplies and IGBT gate drivers. Fusing Indian engineering Vertical Advancing indigenous
Slide 20: Growth to be Assisted by Strong Industry Tailwinds
Growth to be Assisted by Strong Industry Tailwinds Locomotive demands Indian Railway Sector: Key Highlights • The Union Budget 2026 allocated a record INR Demand for total No of Loco Motives* 2,93,030 crore to the Ministry of Railways Infrastructure • The funding is targeted at new lines, gauge 46,0
Slide 21: Q1FY27 Financial Highlights
Q1FY27 Financial Highlights
Slide 22: Management Commentary
Management Commentary Commenting on the performance Suramya Nevatia, Chairman & Managing Director of Hind Rectifiers Limited said, We have commenced FY27 with healthy underlying business momentum, reflecting continued strength across our core operations. The ongoing integration and scale-up of Elven
Slide 23: Standalone Financial Highlights
Standalone Financial Highlights (INR Cr) Revenue from Operations EBITDA & EBITDA Margins (%) PAT & PAT Margins (%) 11.3% 10.6% 6.0% 6.4% +10.1% +3.2% +17.8% 236.4 24.3 25.1 15.1 214.8 12.8 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY26 Q1FY27 *Q1FY27 PAT includes exceptional item pertaining to sale of Dehradun
Slide 24: Entry into Next-generation Trainsets
Entry into Next-generation Trainsets Strategic Expansion into Integrated Propulsion Systems Combined order value Indigenous R&D-led propulsion systems qualify for advanced rail platforms Milestone ~₹120 crore Successful execution can strengthen credentials for larger system-level opportunities Execu
Slide 25: Entry into New Geography, Expansion of Product Portfolio
Entry into New Geography Expansion of Product Portfolio Opening New Growth Opportunities Milestone Establishing a foothold in the U.S. rail and mining industry Establishing a Presence in the United First Order from the United States for States Mining Industry with IGBT Traction Motor Assemblies Conv
Slide 26: Order Book Mix & Revenue Mix
Order Book Mix & Revenue Mix Product wise Revenue Mix – Q1FY27 Product wise Order Book Mix – July 2026 0.1% 2.2% 13.9% 4.4% Railway Transformer 13.1% Railway Electromechanical 35.5% Railway Electronics Industrial Products 16.7% 236.4 Cr 739.8 Cr Spares & Services 14.4% Trains set - MEMU & Vande metr
Slide 27: Standalone Profit and Loss Statement
Standalone Profit and Loss Statement Particulars (INR Cr) Q1FY27 Q1FY26 Y-o-Y (%) Q4 FY26 Q-o-Q (%) Revenue from operations 236.4 214.8 10.1% 264.0 -10.5% COGS 176.1 158.5 202.0 Gross Profit 60.3 56.2 7.2% 62.0 -2.8% Gross Profit Margin (%) 25.5% 26.2% 23.5% Employee Expenses 23.7 18.9 21.4 Other Ex
Slide 28: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement COMMENTS Particulars (INR Cr) Q1FY27 Q1FY26 Y-o-Y (%) Q4 FY26 Q-o-Q (%) Revenue from operations 258.4 214.8 20.3% 279.8 -7.6% • The consolidated performance reflects COGS 185.2 158.5 208.8 healthy underlying business momentum, Gross Profit 73.2 56.2 30.2% 71.0
Slide 29: Historical Financial Highlights
Historical Financial Highlights
Slide 30: Consolidated Profit & Loss Account
Consolidated Profit & Loss Account Particulars (INR Cr) FY26 FY25 FY24 FY23 FY22 Revenue from operations 999.1 655.4 517.6 359.1 372.4 COGS 736.0 478.3 384.3 279.6 288.3 Gross Profit 263.1 177.1 133.8 79.5 84.1 Gross Profit Margin 26.3% 27.0% 25.8% 22.1% 22.5% Employee Expenses 112.0 63.3 52.4 39.1
Slide 31: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Assets (INR Cr) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Liabilities (INR Cr) Mar-26 Mar-25 Mar-24 Mar-23 Mar-22 Non-Current Assets Equity Property, Plant and Equipment 171.5 86.6 76.8 72.7 40.0 Equity Share capital 6.9 3.4 3.4 3.4 3.3 Capital work-in-progress 3.3 6.8
Slide 32: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars (INR Cr) FY26 FY25 FY24 FY23 FY22 Net Profit Before Tax* 53.9 50.1 17.7 -8.7 11.2 Adjustments for: Non-Cash Items / Other Investment or 43.3 35.7 30.6 23.9 11.2 Financial Items Operating profit before working capital changes 97.2 85.8 48.3 15.2 22.4 Change
Slide 33: Contact Us
CONTACT US Company: Investor Relations Advisor: Company CIN: : L28900MH1958PLC011077 CIN: U74140MH2010PTC204285 Mr. Anil Kumar Nemani Mr. Karan Thakker / Mr. Aseem Kohli E: investors@hirect.com investors@hirect.com E: karan.thakker@sgapl.net / aseem.kohli@sgapl.net karan.thakker@sgapl.net aseem.kohl