New Delhi, July 29 -- Shares of Hind Rectifiers Ltd surged sharply on Tuesday, July 29, 2025, hitting the 20 percent upper circuit at Rs.1,711.65, also marking a new 52-week high. The rally came after the company reported robust financial results for the quarter ended June 2025 (Q1FY26) and unveiled plans for a fundraising through convertible warrants.

Hind Rectifiers posted a net profit of Rs.12.8 crore in Q1FY26, reflecting a 28 percent sequential increase from Rs.10 crore in Q4FY25 and a year-on-year jump of nearly 83 percent compared to Rs.7 crore in Q1FY25. The company's operational performance also improved significantly during the quarter.

Revenue for the quarter stood at Rs.214 crore, registering a 58.5 percent increase from the...