New order boosts Transformers & Rectifiers (India)

Transformers & Rectifiers (India) was locked at 5% upper circuit at Rs 197.10 at 14:12 IST on BSE after the company said it has secured an order worth Rs 161 crore from Gujarat Energy Transmission Corporation.

The announcement was made during market hours today, 27 June 2014.

Meanwhile, the S&P BSE Sensex was up 83.70 points or 0.33% at 25,146.37.

On BSE, so far 12,000 shares were traded in the counter as against average daily volume of 13,481 shares in the past one quarter.

The stock hit a low of Rs 182.55 so far during the day. The stock hit a 52-week high of Rs 198 on 26 May 2014. The stock hit a record low of Rs 54.40 on 10 October 2013.

The stock had underperformed the market over the past one month till 26 June 2014, sliding 0.53% compared with the Sensex's 1.4% rise. The scrip had, however, outperformed the market in past one quarter, spurting 112.03% as against Sensex's 13.43% rise.

The small-cap company has equity capital of Rs 13.26 crore. Face value per share is Rs 10.

Transformers & Rectifiers (India) (TRIL) said that it has been awarded the order for supply of 220Kv and above class of transformers aggregating to 5,590 MVA and amounting to Rs 161 crore from Gujarat Energy Transmission Corporation (GETCO). With this order, the company's order book as on date stands around Rs 550 crore, TRIL said in a statement.

TRIL's net profit surged 128.8% to Rs 8.67 crore on 20.5% growth in net sales to Rs 288.79 crore in Q4 March 2014 over Q4 March 2013.

Transformers & Rectifiers (India) manufactures a wide range of transformers for the domestic and the international market. The company has executed a number of prestigious orders from developed countries such as Canada and the United Kingdom.

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