Transformer stock hits 5% upper circuit after reporting 2,329% YoY increase in net profits  - Trade Brains

by Trade Brains | Oct 8, 2024 | 4:29 pm | News, Trending News | 0 comments

Transformer stock engaged in designing and manufacturing the entire range of Transformers hit a 5 percent upper circuit in the day’s trade upon declaring robust Q2FY25 results with a 2,329 percent jump in Net Profits.

With a market capitalization of Rs. 10,087.82 Crores, the shares of Transformers & Rectifiers (India) Limited hit a 5 percent upper circuit in the day’s trade at Rs. 672.15 per equity share, from its previous day’s close price of Rs. 640.15.

Its Revenue from operations grew by 80 percent YoY from Rs. 257.06 Crores in Q2FY24 to Rs. 461.54 Crores in Q2FY25 and it grew by 43 percent QoQ from Rs. 322 Crores in Q1FY25 to Rs. 461.54 Crores in Q2FY25.

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Its Net Profit grew by 2329 percent YoY from Rs. 1.89 Crores in Q2FY24 to Rs. 45.91 Crores in Q2FY25 and it grew by 120 percent QoQ from Rs. 20.83 Crores in Q1FY25 to Rs. 45.91 Crores in Q2FY25. Its Net Profit Margin increased from 0.73 percent in Q2FY24 to 9.69 percent in Q2FY25.

Transformers & Rectifiers (India) Limited has recently received a work order from Power Grid Corporation of India Limited for a consideration of Rs. 565 Crores for the Manufacturing and supplying of Transformers and Reactors with a range of 80 MVAr to 500 MVA and 420kV to 765 kV Class.

Transformers & Rectifiers (India) Limited is engaged in designing and manufacturing the entire range of transformers viz Power, Distribution, Furnace, Rectifier Transformers & Shunt Reactors for both domestic and international markets.

Its diverse product range includes Furnace Transformers, Rectifier & Distribution Transformers, Specialty Transformers catering to applications such as Locomotive Traction, Series & Shunt Reactors, Mobile Sub Stations, Earthing Transformers, Solar Application Transformers, & Green Hydrogen Application Transformers, and many more.

It caters to various industries like Power Transmission, Distribution, Petrochemicals, Pharmaceutical, Cement, Mining, Railways, Green Energy, Paper & Pulp, Metal Processing and many more.

As of Q2FY25, Transformers & Rectifiers (India) Limited has an unexecuted order book worth Rs. 3,500 Crores and has Inquiries under negotiations worth Rs. 18,500 Crores.

It has a strong customer base with well-known players like Adani Renewables, Tata Power, KEC International, JSW, PowerGrid, Jindal Steel & Power, NTPC, Siemens Energy, Torrent Power, GE T&D India, and many More.

Written by: Bharath K.S

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