TRIL jumps after Power Grid order

Transformers and Rectifiers (India) (TRIL) surged 17.34% to Rs 8.19 after the company said it received a Rs 126-crore order from Power Grid Corporation of India.

TRIL said it bagged the order for 21 transformers worth Rs 126 crore from Power Grid Corporation of India. The said order falls under the normal course of business.

With this order, the company's order book as on date stands at around Rs 1001 crore.

Meanwhile, the S&P BSE Sensex was down 108 points or 0.28% to 38070.33.

On the BSE, 66192 shares were traded in the counter so far compared with average daily volumes of 10214 shares in the past one quarter. The stock hit a high of Rs 8.37 and a low of Rs 7.1 so far during the day.

The stock hit a 52-week high of Rs 17.5 on 13 Nov 2018. The stock hit a 52-week low of Rs 6.75 on 09 Oct 2019.

On a consolidated basis, the company's net profit fell 81.39% to Rs 0.43 crore on 23.6% decline in net sales to Rs 173.05 crore in Q1 June 2019 over Q1 June 2018.

Transformers & Rectifiers (I) has consolidated its position in the Indian Transformer Industry as a manufacturer of a wide range of transformers, which conform to the quality expectations of both the domestic and the international market.

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