Hind Rectifiers Ltd. — Earnings Release 2019

Oct 31, 2018

HIND RECTIFIERS LIMITED

REGD. & H.O. LAKE ROAD, BHANDUP (W), MUMBAI - 400 078. 0 TEL.: +91 22 2569 6789 0 FAX: +91 22 2596 4114 0 www.hirect.com 0 corporate@hirect.com/marketing@hirect.com 0 CIN: L28900MH1958PLCO11077

Ref. No. HIRECT/ SEC/

183 31th October, 2018

The General Manager The General Manager Corporate Relations Department Listing Department Phiroz Jeejeebhoy Towers Bandra Kurla Complex Dalal Street Mumbai 400 001 -

BSE Ltd. The National Stock Exchange of India 1St Floor, New Trading Ring Ltd. "Exchange Plaza", C—1, Block 'G' Bandra (East) Mumbai 400 051

Security Code N0. 504036/HIRECT Type of Security: Equity

Sub.: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir(s),

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached copy of media release.

This is for your information and records.

Thanking you,

Yours faithfully, For Hind Rectifiers LlQLA/xwllDiv/AWLiTited Meenakshi Anchlia (Compliance Officer)

Encl: As above

Pres_s Release

Hind Rectifiers Limited Q2FY19 Net Sales up 147.40% at Rs 59.40 Crore

Editor's synopsis

QZFY19 vs. QZFY18 Performance:

• 0 Net Sales at Rs 59.40 crore vs. Rs 24.01 crore, up 147.40 %
• . Profit After Tax at Rs 2.35 crore vs Loss of Rs 0.76 crore
• . EBIDTA at Rs 5.57 crore vs Rs 0.89 crore, up 521.85 %

Mumbai, October, 2018: Hind Rectifiers Limited, a company engaged in designing and manufacturing industrial power electronics and power conversion equipment, announced its Q2FY19 results.

Profit After Tax for the quarter stood at Rs 2.35 Crore as against loss of Rs 0.76 crore in Q2FY18.

Earnings per share (not annualized) for the quarter stood at Rs 1.43.

Operating profit (EBITDA) for Q2FY19 was Rs 5.57 crore, as against EBITDA of Rs 0.89 crore in the same period a year ago.

Commenting on the Company's performance, Mr. Suramya Nevatia, Chief Executive Officer, Hind Rectifiers said, "We have witnessed a monumental increase in Q1 and Q2 numbers compared to the last fiscal year. Keeping in mind the increasing demand of the industry we have added to our already expansive product portfolio and are gearing up in terms of capacity by introducing innovative operational techniques for further enhancing our deliveries and production efficiency. This trend of order booking will continue as we move forward, aggressively, into the second half of our turn-around year."

About Hind Rectifiers:

Hind Rectifiers Limited, known as 'Hirect', was founded in 1958, in collaboration with Westinghouse, Brake & Signal, U.K. Hirect, listed on BSE and NSE, is engaged in developing, designing and manufacturing power electronics and power conversion devices for a wide range of end user industries such as Railways, Power, Telecommunication, IT, Steel, Non Ferrous metals, among others. The Company's main manufacturing facility is at Bhandup, Mumbai while it also has a manufacturing facility at Nashik, Maharashtra and two plants at Dehradun, Uttarakhand. Its product portfolio includes Rectifiers, Transformers, Inverters, Converters, Semi—Conductors, Controllers and power supply system for Electro Static Precipitators. The growth story of Hirect has been entwined closely with that of the Indian Railways, the latter being among the largest and longest client relationships of Hirect.