Transformers and Rectifiers Reports Q2 Results: Net Profit Surges 2,731% to ₹45.3 Crore

Transformers and Rectifiers (India) Ltd has reported exceptional financial results for the second quarter ending September 30, 2024. The company announced a staggering 2,731% year-on-year (YoY) increase in net profit, reaching ₹45.3 crore, compared to a mere ₹1.6 crore in the corresponding quarter of the previous fiscal year. This remarkable growth reflects the company's robust operational performance and strategic initiatives.

Financial Highlights:

• Net Profit: ₹45.3 crore (up from ₹1.6 crore YoY)
• Revenue from Operations: ₹461 crore, marking a 79.4% increase from ₹257 crore in Q2 of the previous year.
• Other Income: ₹1.8 crore, an increase from ₹1.1 crore in the same period last year.
• EBITDA: ₹68 crore, up from ₹19 crore YoY.
• EBITDA Margin: Increased to 14.8% from 7.4% in the prior fiscal year's second quarter.

These results reflect the company's solid market position and operational efficiency. The company has also secured new orders worth ₹1,031 crore during the quarter, highlighting its ongoing commitment to growth and expansion. Notable orders include a 420kV three-phase reactor from Power Grid, utilizing synthetic organic ester insulating fluid, a specialized product for advanced electrical insulation, and a 175 MVA Electric Arc Furnace (EAF) transformer for ArcelorMittal Mexico.

At the market's closing time, the shares of Transformers and Rectifiers (India) Ltd were trading at ₹674.10, reflecting a 5.00% increase on the BSE Sensex, indicating positive market sentiment following the impressive earnings announcement.

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The substantial growth in both net profit and revenue underscores Transformers and Rectifiers' strategic initiatives and strong market demand for its products. As the company continues to secure significant orders, it positions itself for sustained growth in the future.