TRIL gains after winning new order

Transformers and Rectifiers (India) rose 1.40% to Rs 94.30 at 12:03 IST on BSE after the company said it won a Rs 66 crore contract from Gujarat Energy Transmission Corporation.

The company made the announcement during trading hours today, 24 March 2014.

Meanwhile, the BSE Sensex was 241.92 points, or 1.11%, to 21,997.24.

On BSE, so far 12,000 shares were traded in the counter, compared with an average volume of 2,654 shares in the past one quarter.

The stock hit a high of Rs 96 and a low of Rs 92.25 so far during the day. The stock hit a 52-week high of Rs 129.09 on 2 May 2013. The stock hit a record low of Rs 54.40 on 10 October 2013.

The stock had outperformed the market over the past one month till 22 March 2014, rising 18.25% compared with the Sensex's 5.09% rise. The scrip had also outperformed the market in past one quarter, rising 12.86% as against Sensex's 3.20% rise.

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

Transformers and Rectifiers (India) (TRIL) said it has been awarded a order worth to Rs 66 crore from Gujarat Energy Transmission Corporation (GETCO) for supplying 66 kilovolt class transformers aggregating to 1290 megavolt ampere (MVA).

With this order, the company's order book as on date stands around Rs 550 crore, the company said.

TRIL's net profit declined 69.3% to Rs 1.15 crore on 71.8% growth in net sales to Rs 190.41 crore in Q3 December 2013 over Q3 December 2012.

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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