Semiconductor inventory hits 5% higher circuit after it reviews web revenue of ₹ 12.51 Cr in opposition to lack of ₹ 6.36 Cr yr in the past


The shares of a number one electrical tools agency touched a 5 p.c higher circuit after the corporate reported a web loss to a revenue of Rs 12.51 crores, YoY. 

With a market capitalization of Rs. 1,345 crores, the shares of Hind Rectifiers Ltd have been closed at Rs. 785.35 a chunk up by 4.6 p.c. 

The fluctuations within the share costs have been noticed after the corporate introduced their monetary outcomes for This fall FY23-24 and FY24, via the latest filings with the inventory exchanges. 

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The income from operations stood at Rs. 151.35 crore in This fall FY23-24, indicating a progress of 35.64 p.c from Rs. 111.58 crore in This fall FY22-23.On a YoY foundation, it elevated by 44.1 p.c from Rs. 359 crores in FY22-23 to Rs 517 crores in FY23-24. 

Moreover, the corporate additionally witnessed an increase in its web revenue to Rs. 5.11 crore in This fall FY23-24, rising from a web lack of Rs. 2.45 crore in This fall FY22-23.On a YoY foundation, the corporate reported a web lack of Rs 6.36 crores in FY22-23 to a web revenue of Rs 12.51 crores in FY23-24. 

The corporate has advisable a ultimate dividend of Rs 1.20 per fairness share (60% of the face worth of two% every), for the monetary yr 2023-24. 

The shares of this firm generated an total multi-bagger return of 165.26 p.c over the previous yr and 24.92 p.c over the previous 6 months. 

As of March 2024, its shareholding sample stood at 44.05 p.c for promoters, 50.17 p.c for the general public, 0.02 p.c for home institutional traders, and 5.76 p.c for overseas institutional traders. 

The corporate derives its revenues primarily from two sorts of merchandise i.e. the railway associated merchandise and the Industrial associated merchandise. 

Beneath the railway phase, the corporate manufactures merchandise comparable to traction and aux transformers, traction motors, electrical switchboards, and so forth. Beneath the Industrial phase, the agency manufactures merchandise comparable to high-current rectifiers, electrostatic precipitators, particular rectifiers, and Energetic harmonic filters. 

Headquartered in Mumbai, Hind Rectifiers Ltd is a number one digital firm that’s primarily engaged within the enterprise of producing railway-related,industrial-related merchandise and energy semiconductors. The corporate was integrated through the yr 1958. 

Written by Zahal


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