Hirect Ltd Q2 FY27 Unaudited Results: Revenue at Rs. 2,943.47 Million
RESULTS
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MEDIUM RISK
📅 Filed on BSE: 10 Nov 2026, 01:28 PM IST · BSE ID: 3d822c78-fac5-47c5-a897-986e9b8459dc
View Original BSE Filing (PDF)
💡
In Simple Terms
The company announced its latest financial results, changed its share transfer agent, and approved a 2 Million EURO guarantee for its subsidiary.
🤖 AI Summary
- Hirect Ltd reported unaudited standalone revenue from operations of Rs. 2,943.47 Million for Q2 FY27.
- Net Profit for the quarter ended September 30, 2026, was Rs. 145.22 Million.
- Bigshare Services Pvt. Ltd. was appointed as the new Registrar and Share Transfer Agent, replacing Adroit Corporate Services Pvt. Ltd.
- A corporate guarantee or standby letter of credit up to 2 Million EURO was approved for Elventive France, a subsidiary.
- Elventive France is a related party, with promoter/promoter group holding 34% shareholding in it.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Revenue From Operations (Q2 FY27)
Rs. 2,943.47 Million
29.14%
Net Profit for the period (Q2 FY27)
Rs. 145.22 Million
-1.54%
Revenue From Operations (Half Year FY27)
Rs. 5,307.39 Million
20.09%
Net Profit for the period (Half Year FY27)
Rs. 296.13 Million
7.44%
Corporate Guarantee Amount
2 Million EURO
🏢 How This Affects the Company
The appointment of a new Registrar and Share Transfer Agent aims to enhance service offerings and technological capabilities for shareholder-related services.
The corporate guarantee of up to 2 Million EURO to Elventive France is a potential contingent liability for Hirect Ltd, though presently without direct financial impact.
The change in Registrar and Share Transfer Agent will involve a transition period for documentation, electronic connectivity, and data shifting.
The corporate guarantee introduces a contingent liability risk for the company, linked to the financial performance of its subsidiary, Elventive France.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this filing.
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Who Is Affected
All shareholders are indirectly affected by the financial performance, operational changes like RTA appointment, and potential contingent liabilities from the corporate guarantee to Elventive France.
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Management Signal
Management is focusing on both financial reporting and operational efficiency by changing the RTA, while also supporting subsidiary growth through a corporate guarantee.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Effective date of new RTA, Bigshare Services Pvt. Ltd. to be separately intimated.
Q3 FY27 financial results — check revenue and profit trends.
Updates on the utilization and impact of the 2 Million EURO corporate guarantee to Elventive France.
MEDIUM RISK
The corporate guarantee to a related party subsidiary introduces a contingent liability, carrying inherent financial risk.
💡 Investor Takeaway
Hirect Ltd reported Q2 FY27 standalone revenue from operations at Rs. 2,943.47 Million, an increase from Rs. 2,271.47 Million in Q2 FY26. Net Profit was Rs. 145.22 Million for the quarter. The company also approved a 2 Million EURO corporate guarantee for its subsidiary, Elventive France, classified as a contingent liability.
⚖️ Strengths & Concerns
✅ Positives
- Revenue From Operations increased to Rs. 2,943.47 Million in Q2 FY27 from Rs. 2,271.47 Million in Q2 FY26.
- Net Profit for the half year ended September 30, 2026, increased to Rs. 296.13 Million from Rs. 275.62 Million in the same period last year.
⚠️ Concerns
- Profit before exceptional items and tax decreased to Rs. 166.92 Million in Q2 FY27 from Rs. 196.68 Million in Q2 FY26.
- Exceptional items of Rs. 62.04 Million were reported for the half year ended September 30, 2026, compared to nil in the prior year's comparable period.
📅 Company Track Record
No previous financial results or material event filings for Hirect Ltd (formerly Hind Rectifiers Limited) were found in the immediate past context to establish trends.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Hirect Ltd's Revenue from Operations for Q2 FY27?
Hirect Ltd reported a standalone Revenue from Operations of Rs. 2,943.47 Million for the quarter ended September 30, 2026 (Q2 FY27).
What was Hirect Ltd's Net Profit for the half year ended September 30, 2026?
The Net Profit for Hirect Ltd for the half year ended September 30, 2026, was Rs. 296.13 Million.
Which company has been appointed as Hirect Ltd's new Registrar and Share Transfer Agent?
Bigshare Services Pvt. Ltd. has been appointed as the new Registrar to an Issue & Share Transfer Agent (RTA) for Hirect Ltd, replacing Adroit Corporate Services Pvt. Ltd.
What is the value of the corporate guarantee approved by Hirect Ltd?
Hirect Ltd's Board approved the issuance of a corporate guarantee or standby letter of credit up to an amount of 2 Million EURO in favour of its subsidiary, Elventive France.
Does the promoter group have an interest in Elventive France, the subsidiary receiving the guarantee?
Yes, Elventive Tech Private Limited (Promoter Group Entity) holds 20% shareholding in Elventive France, and other promoter group entities hold an additional 14%.
Questions based on this BSE filing only. For information purposes.