This Transformer company, which manufactures Power, Rectifier Transformers, and Furnaces, surged upto 5 percent despite receiving an order worth Rs. 350 crore from Adani Group and other companies.
Price Movement
In Monday’s trading session, Transformers & Rectifiers India Limited stock surged 4.91 percent and touched a day’s high of Rs. 404.20. The stock reiterated from the day’s high and was trading at Rs. 364, which is 5.52 percent lower than the previous closing price of Rs. 385.25.
The stock has delivered a return of around 2.47 percent in the past year and has outperformed the Nifty Index in the same period.
What happened
The company’s stock was in focus after it received work orders from the Adani Group for the supply of transformers and reactors, with a total order value of Rs. 272 crore.
TRIL received another order from Al Sabha Group, Iraq, and Powerlink Queensland, Australia, for the transmission supply, worth Rs. 78 crore. The Delivery of both these orders totalled Rs. 350 crores, with delivery expected 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 20.99 percent increase from Rs. 462 crore in Q2FY25.
Its 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 December 2024 quarterly report, they considered revenue from manufacturing transformers as their sole segment.
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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