Multibagger stock engaged in designing and manufacturing the entire range of transformers jumped viz Power, Distribution, Furnace, Rectifier Transformers, and more, jumped 4 percent in the day’s trade following the release of its Q4FY24 results with a 333 percent YoY jump in Net profits and declaration of dividend.
With a market capitalization of Rs. 6,711 Crores, the shares of Transformers & Rectifiers (India) Limited closed at Rs. 470.75, up 1.25 percent from its previous day’s close price of Rs. 464.95.
Transformers & Rectifiers (India) Limited has announced the financial results of the company for the quarter/year ended March 31, 2024, along with the issuance of a dividend as follows
Its revenue from operations grew by 16.96 percent YoY from Rs. 438.35 Crores in Q4FY23 to Rs. 512.70 Crores in Q4FY24 and it grew by 38.81 percent QoQ from Rs. 369.35 Crores in Q3FY24 to Rs. 512.70 Crores in Q4FY24.
Its Net Profit Grew by 333.52 percent YoY from Rs. 9.60 Crores in Q4FY23 to Rs. 41.62 Crores in Q4FY24 and it grew 164.75 percent QoQ from Rs. 15.72 Crores in Q3FY24 to Rs 41.62 Crores in Q4FY24.
In Addition, the board of directors of Transformers & Rectifiers (India) Limited has recommended declaring a dividend of Rs. 0.20 per equity share to eligible shareholders of the company as of the record date.
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.
It caters to various industries like Power Transmission, Distribution, Petrochemical, Pharmaceutical, Cement, Mining, Railways, Green Energy and many more.
As of Q4FY24, Transformers & Rectifiers (India) Limited has an unexecuted order book worth Rs. 2,582 Crores and has Inquiries under negotiations worth Rs. 17,176 Crores.
The product-wise order book breakup as of FY24 consists of Power Transformers 66 percent, Reactors 29 percent, Furnace Transformers 3 percent, Distribution Transformer 2 percent and Rectifier Transformers 1 percent.
It has a strong customer base with well-known players like Adani Renewables, Tata Power, KEC International, JSW, PowerGrid, Jindal Steel & Power, NTPC, Torrent Power, and many more.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
