New Delhi, Feb 7 (PTI) Transformers and Rectifiers on Monday posted about five-fold jump in consolidated net profit to Rs 5.6 crore for December quarter 2021-22 mainly due to higher income.
The company had logged a net profit of Rs 1.14 crore in the year-ago period, a BSE filing said.
Total income rose to Rs 339.80 in the quarter from Rs 169.40 crore in the same period a year ago.
The board in its meeting also approved further investment in Savas Engineering Company Private Ltd, a wholly-owned subsidiary, through various modes.
Moreover, the board approved a proposal to enhance its stake from 60 per cent to 100 per cent in T&R Switchgear Private Ltd.
After all compliances made regarding stake acquisition, T&R Switchgear will become a wholly-owned subsidiary of the company. PTI KKS KKS ANU ANU
