DSIJ Mindshare

The stock gave multibagger returns of 250 per cent in just 2 years and over 1,970 per cent returns in 3 years.

According to the consolidated quarterly results, the net sales increased by 2 per cent to Rs 15,003 crore (due to higher sales across distribution companies and capacity addition in renewables), EBITDA increased by 43 per cent to Rs 3,005 crore and the net profit increased by 29 per cent to Rs 1,141 crore in Q1FY24 compared to Q1FY23.

The company continuously thrives to deliver quality products and services and over a period of time has become a leading manufacturer of transformers in the country. The company has a market cap of Rs 1,905 crore and as of July 31, 2023, the company’s order book stands at Rs 2,149 crore.

The net sales skyrocketed by 155.25 per cent to Rs 753 crore and net profit skyrocketed by 385 per cent to Rs 63 crore in Q1FY24 compared to Q1FY23. The net sales increased by 75.55 per cent to Rs 2068 crore and net profit skyrocketed by 142 per cent to Rs 121 crore in FY23 compared to FY22.