Hirect Ltd
Hirect Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company targets a 30% year-on-year revenue growth for the next three years, maintaining this official guidance consistently. Hind Rectifiers Limited targets a consistent annual growth of around 30% in revenues for the next three years. - Q2 & H1 FY '26 saw strong growth with revenues increasing by 46.6% YoY and PAT up by 60.6% YoY. - Robust order book (~Rs.
From Hirect Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- The company targets a 30% year-on-year revenue growth for the next three years, maintaining this official guidance consistently.
- Order book currently stands at around Rs. 1,100 crores with an execution window of 12-18 months.
- Despite a flattish quarter-on-quarter order book, strong order pipeline and tender participations indicate sustained and potentially higher growth.
- Large tenders continue to come from railways with no slowdown expected; new product entries and diversification (defense, EMS, auto) are expected to contribute to growth.
2 more points from Hirect Ltd's call on revenue
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Profitability & Margins
See what Hirect Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capex for FY '26 is approximately Rs. 60 crores, funded partly by a Rs. 34 crore term loan and the balance through internal accruals. (Page 6)
- No immediate CapEx planned for BeLink Solutions; about EUR1.5 million per year for next 3 years is committed as working capital to support growth and turnaround. (Pages 13-14)
- Small CapEx might arise in next one or two years for BeLink, but current focus is on working capital due to increasing business. (Page 14)
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Top-ranked in Industrial Manufacturing
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Hirect Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book stands at approximately Rs. 1,100 crores, sufficient for execution over the next 12 to 18 months.
- Order book growth quarter-on-quarter appears flattish due to strong execution and dispatches.
- New tenders and large pipeline orders are expected to keep order book healthy, especially post-budget when big tenders usually emerge.
- The company anticipates order book growth aligned with its target of 30% year-on-year revenue growth over the next three years.
- Order inflow is robust, with no shortage of opportunities; delays in tender finalizations are temporary and expected to normalize.
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Hirect Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹264 Cr, net profit ₹16 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Hirect Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Hirect Ltd Q2 FY26 results?
The company targets a 30% year-on-year revenue growth for the next three years, maintaining this official guidance consistently. Hind Rectifiers Limited targets a consistent annual growth of around 30% in revenues for the next three years. - Q2 & H1 FY '26 saw strong growth with revenues increasing by 46.6% YoY and PAT up by 60.6% YoY. - Robust order book (~Rs.
What is Hirect Ltd share price analysis?
Hirect Ltd currently shows a neutral. The stock trades at a P/E of 101.0 with a market cap of ₹3,957 Cr. Investors should review the full earnings analysis for detailed insights.
Is Hirect Ltd planning capital expenditure?
Capex for FY '26 is approximately Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.