Transformers & Rectifiers India Ltd Share Price – NSE  /  BSE

Capital Goods - Electrical Equipment, Small Cap

Net profit of Transformers & Rectifiers India reported to Rs 20.09 crore in the quarter ended June 2024 as against net loss of Rs 12.61 crore during the previous quarter ended June 2023. Sales rose 106.98% to Rs 322.00 crore in the quarter ended June 2024 as against Rs 155.57 crore during the previous quarter ended June 2023.

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Transformers & Rectifiers India will hold a meeting of the Board of Directors of the Company on 19 July 2024.

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The company bagged orders from NCC, Power Grid Corporation of India (PGCIL) and Adani Energy Solutions (against PPP-8,9 & 10 RTM Rajasthan project), for supply of transformers and reactors.

NCC gained 1.41% to Rs 320.75, Power Grid Corporation of India shed 0.89% to Rs 327.8 while Adani Energy Solutions rose 0.56% to Rs 1,003.50 on the BSE.

The first order secured from NCC stood at Rs 72.5 crore. It involves designing, engineering, manufacture, testing at manufacturers works, supply, freight, ETC 2 Nos of 500 MVA, 400/220/33 kV transformers & 2 Nos 125 MVAr, 420 KV reactor. The order is to be executed by January 2026.

Subsequently, the second contract valued at Rs 55.91 crore has been received from Power Grid Corporation of India. The order entails design, manufacture, and supply of 765 kV class reactors. The entire work will be completed within 21 months from date of issue of notification of award.

Lastly, the company secured an order from Adani Energy Solutions to supply, unloading and ETC of 7 No of 132/33kV, 20/25 MVA power transformers. The order stood at Rs 20.14 crore and it is to be executed by March 2025.

During the quarter, the company has received total order amounting to Rs 698 crore.

Transformers & Rectifiers (India) produces transformers for both domestic and international markets.

The company reported a consolidated net profit of Rs 41.62 crore in Q4 FY24, steeply higher than Rs 9.6 crore in Q4 FY23. Revenue from operations increased 16.96% to Rs 512.7 crore in Q4 FY24.

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Transformers and Rectifiers (India) has been awarded total orders of Rs. 148.55 crore.

These include an order worth Rs 72.50 crore from NCC for Designing, Engineering, Manufacture, Testing at Manufacturers works, supply, freight, ETC 2 Nos of 500 MVA, 400/220/33 kV Transformers & 2 Nos. 125 MVAr, 420 KV Reactor.

Another order is from Power Grid Corporation of India valued at Rs 55.91 crore for Designing, Engineering, Manufacture, Testing at Manufacturers works, supply, freight, ETC of 765kV Class Reactors.

The third order is from Adani Energy Solutions (Against PPP-8,9 & 10 RTM Rajasthan Project) for Supply, unloading and ETC of 7 No. of 132/33kV, 20/25 MVA Power Transformers. The value of the order is Rs 20.14 crore.

The Company has received total order amounting to Rs. 698 Crores during the quarter.

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