Hind Rectifiers Limited, a company engaged in designing and manufacturing industrial power electronics and power conversion equipment, announced its Q3FY19 results.
Profit After Tax for the quarter stood at Rs 3.15 Crore as against Profit of Rs 0.66 crore in Q3FY18.
Earnings per share (not annualized) for the quarter stood at Rs 1.91
Operating profit (EBITDA) for Q3FY19 was Rs 6.98 crore, as against EBITDA of Rs 2.80 crore in the same period a year ago.
Commenting on the Company’s performance, Mr. Suramya Nevatia, Chief Executive Officer, 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.”
