This Transformer company, which is in the business of manufacturing Power, Rectifier Transformers, and Furnace is in focus after receiving an order worth Rs. 362 crore from Multiple Entities for transformer supply.
Price Movement
In Tuesday’s trading session, Transformers & Rectifiers India Limited stock declined and touched a lower circuit of 5 percent. The stock has delivered a return of around 17 percent in the past year and has performed in line with Nifty Index in the same period. The stock touched a day’s low of Rs. 856.15 and touched a lower circuit of Rs. 856..15 which is 5.00 percent from the previous closing price of Rs. 901.20 per share.
What happened
The company’s stock was in focus after they received orders worth Rs. 362 crore from entitles like Power Grid Corporation of India Limited, Megha Engineering & Infrastructures Limited, Avaada Electro Private Limited, Torrent Power Limited, KEC International Limited, Adani Energy Solution Limited, and Rajasthan Rajya Vidyut Prasaran Nigam Limited. They will supply and manufacture EHV power transformers and do other related work. The delivery is scheduled to be completed by the next financial year.
Financial Performance
Their Q3FY25 results show revenue from operations of Rs. 559 crore which increased by 51.49 percent year on year, from Rs. 369 crore in Q3FY24 and a 43.47 percent increase from Rs. 462 crore in Q2FY25. Their net profit increased by 243.75 percent year on year, from Rs. 16 crores in Q3FY24 to Rs. 55 crores in Q3FY25. Quarterly, the profits were up 19.56 percent from Rs. 46 crore.
Revenue Segment & Order Book
According to the company’s quarterly December 2024 report, they considered revenue from manufacturing transformers as their sole segment as of Q2FY25. The Order book as of 31st December 2024 stood at Rs. 3,686 crore; out of those, 47 percent are from Industrial Customers, 43 percent from Central Utilities, and the remaining 10 percent from State Utilities. 66 percent of the orders are for Power Transmission, 27 percent for Reactors, and the remaining 7 percent for Special Duty Transformers.
About the company
Transformers & Rectifiers (India) Limited, established in 1994, is a prominent manufacturer of a wide range of transformers, including power, furnace, distribution, and rectifier transformers, with capabilities up to 1,200 kV. The company operates three state-of-the-art manufacturing facilities in Ahmedabad.
Written by Santhosh S
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