Transformers and Rectifiers Shares Hit 5% Upper Circuit on $16.8 Million Orders - Equitypandit

Shares of Transformers and Rectifiers Ltd. surged by 5% to a day’s high of Rs 709.85 on 22nd August after the company announced it had been awarded orders worth $16.8 million from two international entities.

The company received a $14 million contract from Linxon Global Sweden for 18 traction transformers and 55 auto transformers to be completed by October 2025.

It also secured a $2.8 million order from ArcelorMittal Mexico for an electrical arc furnace transformer, expected to be finished by December this year.

The company aims for Rs 2,000 crore in revenue for 2024-25 and plans to increase its profit margin to 14% from 10% last year.

Mamtora added that most of the Rs 3,000 crore orders are likely to come in from grid expansion, railways, renewable energy, etc. related areas, with some additional enquiries coming for electric arc furnace transformers, which has been a significant export item.

For the June quarter, the company reported a net profit of Rs 20.09 crore, reversing a loss of Rs 12.61 crore from the previous year.

Revenue more than doubled to Rs 322 crore compared to the June quarter of the previous year, and the order book stood at Rs 2,926 crore.

The stock has risen 105.6% in the past six months, 198.13% this year, and 510.1% over the last 12 months.

The company’s market capitalisation rose to Rs 9,410 crore.

At 12:53 PM, the shares of Transformers and Rectifiers were trading 5% higher at Rs 709.85 on NSE.

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