Transformers and Rectifiers shares rose 9 per cent on bagging orders worth ₹390-crore from Gujarat Energy Transmission
The upward movement in the Transformers and Rectifiers (India) share price came after the company announced that the World Bank has removed its name from the list of Debarred Firms and Individuals
Transformers and Rectifiers delivered a lackluster performance with decline in profitability and the soft performance may push the company's growth plans, fear analysts at ICICI Securities.
On an average, Suzlon and Transformers and Rectifiers (India) have delivered 48 per cent and 52 per cent gain in the last 5 December quarters, shows historical data.
At 02:40 PM, shares of Transformers & Rectifiers were trading at ₹516.50, up by 4.81 per cent on the National Stock Exchange.
In its Q4FY25, the company reported a profit after tax (PAT) of ₹94.17 crore as compared to ₹39.93 crore a year ago
The company secured the order from Hyosung T&D India and the delivery is scheduled for the next financial year
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Power and railway equipment producer Hind Rectifiers is expanding its manufacturing facilities in Nashik and has also decided to set up a subsidiary for developing high-tech products and solutions in AI, Web3 and others, according to a top official. Hind Rectifiers MD & CEO Suramya Nevatia said that the company actively progressing with our capacity expansion plans at the Sinnar and Satpur plants in Nashik along with focus on backward integration which will improve cost efficiency. The company board has also approved the incorporation of a wholly owned subsidiary focused on developing cutting-edge products and solutions in Information Technology (IT), Artificial Intelligence (AI), Web3, and various software, he said. Hind Rectifier has reported around six-fold jump in net profit to Rs 10 crore for the October-December quarter of 2024-25 driven by order flows and higher income. Total income jumped by 24 per cent to Rs 169.4 crore in the third quarter of FY25 compared to Rs 136.7 ..
Various funds bought stakes in Transformers & Rectifiers after promoter Jitendra Mamtora sold 2.7 million shares
Shares of Transformers and Rectifiers hit another 5 per cent upper circuit on Friday, locking at Rs 778.05 per share
The Transformers and Rectifiers (India) Ltd share soared after the company announced that it has secured an order worth Rs 565 crore from Power Grid Corporation of India.
The surge in the company's share price came after the company received an order worth Rs 114 crore from RRVPNL.
In the past one year, shares of Transformers and Rectifiers India have gained 481 per cent, compared to the Nifty 50's rise of nearly 28 per cent during the same period.
On Thursday, US markets closed in the red as robust economic data dashed hopes for Federal Reserve rate cuts
Transformers and Rectifiers (India) hit the 5 per cent upper circuit on Tuesday after the company reported 4-fold jump in Q4 net profit at Rs 35.95 crore.
Transformers and Rectifiers (India) Ltd on Monday posted over four-fold jump in consolidated net profit at Rs 41.62 crore for March quarter FY24. Net profit in the year-ago period stood at Rs 9.60 crore, the company said in a BSE filing. Total income in the quarter rose to Rs 514 crore from Rs 439.50 crore a year ago. In the entire fiscal year, profit increased to Rs 47.01 crore from Rs 42.35 crore in FY23. Total income dipped to Rs 1,300.50 crore from Rs 1,404.66 crore. The company's board at its meeting held on April 8, 2024 recommended a dividend of 20 paise per equity share to all the existing shareholders. The board also proposed issuance of equity shares, and/or equity linked securities and/or securities convertible into equity shares through Qualified Institutional Placement (QIP) or preferential allotment to raise up to Rs 500 crore. It also approved reappointment of Satyen J. Mamtora as Managing Director with effect fom from April 1, 2025, subject to approval of
The company had a strong order book position of Rs 2,572 crore as on December 31, 2023 (Q3FY24).
The board of directors of the company will be held on September 12, 2023, o consider the proposal of fund raising by way of issue of equity shares and/or equity linked securities.
In past one week, the stock has outperformed the market by surging 25 per cent, as compared to 1.8 per cent decline in the S&P BSE Sensex.