| Management target | Revenue 30.0% FY27 |
|---|
| Revenue growth | 20.3% YoY consolidated growth reported for Q1. |
|---|---|
| Margins | Consolidated margins impacted by Elventive France; 3-5 quarters to breakeven. |
| Order book | Delayed Q1 tender finalizations expected to close in Q2. |
| Demand visibility | Strong pipeline in Vande Metro and MEMU trainsets. |
| Management confidence | High; maintaining 30% growth target despite flat Q1 order intake. |
Growth
Standalone revenue up 10.1% YoY to INR 236.4 Cr; consolidated PAT at INR 9.4 Cr including exceptional gain.
Outlook
Targeting 30% growth for the current year; aspiration to reach $1 billion revenue within 5 years.
Risks
Near-term consolidated margin pressure (5.4% EBITDA) from Elventive France integration and raw material volatility.
Last quarter's promises, checked
Delivered
- Guided Q4 growth ~30% YoY → delivered 20.3% consolidated growth (= PARTIAL)
- Commence propulsion trials at Western Railway → delivered trials started (= BEAT)
- INR 60 Cr Capex for FY26 → delivered Satpur capacity increase by 20% (= BEAT)
Partly delivered
- Guided 30% annual growth → delivered 20.3% in Q1 (= PARTIAL)
- Guided order book buildup → delivered flat Q1 intake due to tender delays (= PARTIAL)
Missed
- Guided margin improvement for Q4 vs Q3 → delivered 5.4% EBITDA (vs 9.2% in Q3) (= MISS)
Earnings Call Transcript filed with BSE, NSE: HIRECT. Summary written with AI assistance from the document.
Hirect Ltd: key numbers
- Share price
- ₹1,146.80
- Market cap
- ₹3,942 Cr
- Revenue (annual)
- ₹999.1 Cr
- Net profit (annual)
- ₹45.01 Cr
- P/E (TTM)
- 94.6×Sector 40.4×
- Promoter holding
- 42.58%-1.35% QoQ
- FII holding
- 6.84%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Hirect Ltd
All →Hirect Management Change
Mrs. Preeti Sharma has resigned from her position as Head Legal and Senior Management Personnel of Hirect Limited, effective September 24, 2026.
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- Value
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Hirect Annual General Meeting
Hirect Limited has issued a Postal Ballot notice for shareholder approval of director appointments and an extension for utilizing funds raised via preferential equity warrants.
Hirect Annual General Meeting
Hirect Limited issued a Postal Ballot Notice seeking shareholder approval for director appointments and extending the timeline for utilizing Rs. 27.36 Crore raised via warrants.
- Value
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Hirect Credit Rating
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- Value
- ₹228.9 Cr
Hind Rectifiers Dividend
Hirect Limited confirmed the dispatch of a Rs. 1.40 per equity share dividend. Payments were credited electronically following approval at the 68th Annual General Meeting.