Transformers and Rectifiers (India) Reports 224% Jump in Quarterly Profit to Rs 67.46 Crore
Transformers & Rectifiers (India) Ltd has reported a significant increase in its financial performance for Q1 ended June 30. The company's consolidated net profit rose by 224% to Rs 67.46 crore, up from Rs 20.83 crore in the same period last year. Revenue from operations grew by 64% to Rs 529.33 crore. On a standalone basis, the company's profit increased to Rs 60.15 crore from Rs 18.37 crore, with revenue rising to Rs 510.53 crore from Rs 311.59 crore year-on-year.

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Transformers & Rectifiers (India) Ltd , a leading manufacturer of transformers, has reported an exceptional financial performance for the quarter ended June 30. The company's consolidated net profit soared to Rs 67.46 crore, marking a remarkable 224% increase from Rs 20.83 crore in the same period last year.
Strong Revenue Growth
The company witnessed substantial growth in its top line, with revenue from operations climbing to Rs 529.33 crore, up from Rs 322.00 crore in the corresponding quarter of the previous year. This represents a significant year-over-year growth of approximately 64%.
Improved Operational Efficiency
Transformers & Rectifiers demonstrated enhanced operational efficiency, as evidenced by its strong financial performance. The company's ability to manage costs effectively while driving revenue growth has contributed to its impressive results.
Consolidated Financial Highlights
The company's unaudited consolidated financial results for the quarter reveal the following key metrics:
Particulars (in Crore Rupees) | Q1 Current Year | Q1 Previous Year | YoY Change |
---|---|---|---|
Revenue from Operations | 529.33 | 322.00 | 64.39% |
Net Profit | 67.46 | 20.83 | 224.00% |
EPS (Basic & Diluted) | 2.24 | N/A | N/A |
Standalone Performance
On a standalone basis, the company posted a profit of Rs 60.15 crore, compared to Rs 18.37 crore in the previous year quarter. Standalone revenue increased to Rs 510.53 crore from Rs 311.59 crore year-on-year.
Company Profile
Transformers & Rectifiers operates as the second largest transformer manufacturing company based on capacity in India. The company has three plants located around Ahmedabad and employs approximately 1,200 people.
Conclusion
The robust quarterly performance demonstrates Transformers & Rectifiers' strong position in the transformer manufacturing sector. The significant improvement in profitability and operational metrics highlights the company's effective strategies and market demand for its products. Investors and stakeholders will likely be monitoring the company's performance in subsequent quarters to assess the sustainability of this growth trajectory.
Historical Stock Returns for Transformers & Rectifiers
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.75% | +4.84% | +9.28% | +22.02% | +40.07% | +9,747.99% |