Rs 2,926 crore order book and 750 per cent returns: This multibagger electric equipment stock reports 106 per cent jump in sales, bags new orders worth Rs 698 crore!
Shares of the company have gained more than 150 per cent in the last six months.
Transformers and Rectifiers (India) Limited have posted robust Quarterly Results. The revenue of the company for Q1FY25 stood at Rs 322.00 crore which grew by 106.98 per cent YoY. The operating profit of the company stood at Rs 46.22 crore, while the PAT of the company stood at Rs 20.83 crore, representing an impressive growth of 171 per cent YoY. The company has secured Rs 698 crore orders in Q1FY25.
Recently, Transformers and Rectifiers (India) Limited (TRIL) secured a total of Rs. 148.55 crore in orders for transformers and reactors. The largest order, valued at Rs. 72.5 crore, came from NCC Limited for designing, manufacturing, supplying, and installing transformers and reactors for their project. This domestic contract is expected to be completed by January 2026.
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The company also received orders from Power Grid Corporation of India (Rs. 55.91 crore) for 765 kV reactors (to be completed within 21 months) and Adani Energy Solutions (Rs. 20.14 crore) for supplying power transformers (to be completed by March 2025). Both these contracts are domestic as well.
These wins demonstrate TRIL's capabilities in domestic markets. This order inflow strengthens TRIL's position in the transformer manufacturing sector and boosts its future revenue generation. The stock has delivered over 750 per cent returns in one year. The company has an order book of Rs 2,926 crore as of 30 June 2024.
Transformers & Rectifiers (India) Limited 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.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.