Transformers & Rectifiers Share Price Hits Life High As Q3 Net Profit Grows Three-Fold
The board of Transformers And Rectifiers (India) Ltd. approved to issue bonus shares in the ratio of 1:1.
Transformers And Rectifiers (India) Ltd. share price rose to the highest level since listing, as the company posted over three-fold rise in its net profit during October–December. Its net profit surged 253.50% on the year to Rs 55.5 crore in the third quarter from Rs 15.7 crore.
Transformers And Rectifiers (India) recorded 51.4% rise in revenue during the quarter. Its revenue stands at Rs 559 crore in the quarter ended Dec. 31, 2024, compared to Rs 369 crore in the corresponding period a year ago.
The heavy electrical-equipment manufacturer's operating profit also more than doubled. The Ebitda rose 120% on the year to Rs 84.7 crore in the third quarter, compared to Rs 38.5 crore. The margin rose 470 basis points on the year to 15.1% during October–December from 10.4%.
The board of Transformers And Rectifiers (India) Ltd. approved to issue bonus share in the ratio of 1:1. The board also permitted the company to raise Rs 750 crore via qualified institutional placement, according to a separate exchange filing.
Transformers And Rectifiers (India) Share Price Today
Transformers And Rectifiers (India) share price hit 5% upper circuit and rose to record high of Rs 1,297.80 apiece. The stock was trading 4.11% higher at Rs 1,286.80 apiece as 2:30 p.m., as compared to a 0.19% decline in the NSE Nifty 50.
The stock gained 371.85% in 12 months. The relative strength index was at 74.41, which implied the stock is overbought.
Two analysts tracking the company maintain a 'buy' rating, according to Bloomberg data. The average 12-month analysts' consensus price target implies a downside of 10.7%.
