Transformers & Rectifiers jumps as quarterly profit more than doubles
The transformer maker's consolidated revenue rose 61% in Q2, while order inflows nearly doubled and shares touched a session high.
Key takeaways
- Consolidated Q2 revenue rose 61% to Rs 739 crore.
- Consolidated net profit increased 135% to Rs 80 crore.
- Q2 order inflows climbed 97% to Rs 1,169 crore.
- The unexecuted order book stood at Rs 7,237 crore at September 30.
Transformers & Rectifiers (India) shares climbed as much as 18.7% to Rs 360.80 on Wednesday after the company reported a sharp rise in September-quarter revenue and profit. As of 05:13 UTC, the shares traded at Rs 356.55, up 17.29% from the previous close.
Consolidated revenue rose 61% year on year to Rs 739 crore, while net profit increased 135% to Rs 80 crore, according to The Economic Times. On a standalone basis, revenue grew 66% to Rs 709 crore and profit after tax rose 338% to Rs 75 crore.
Order inflows nearly doubled to Rs 1,169 crore in Q2FY27. The unexecuted order book was Rs 7,237 crore as of September 30, up 32% from a year earlier, with execution expected over the next 18–24 months.
The company’s inquiry pipeline under negotiation was about Rs 21,000 crore, with 80% of bidding opportunities in India and 20% in export markets. The company said improved execution, capacity use and operating leverage supported its quarterly performance.
ICICI Securities said the Changodar expansion was nearing completion, with commercial production expected around Diwali. The brokerage said management remained on track to meet FY27 guidance of 25% revenue growth and a 16% EBITDA margin.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
