Transformers and Rectifiers (India) shares soared 17% on October 14 a day after the company reported a 135% year-on-year (YoY) jump in consolidated net profit to Rs 80 crore for the September quarter of FY27, supported by strong operational performance and an exceptional gain. The company had posted a net profit of Rs 34 crore in the corresponding quarter last year.
Revenue from operations rose 60% YoY to Rs 739.4 crore in the second quarter of FY27, compared with Rs 460 crore a year earlier. EBITDA margin expanded to 17.4% from 12.8% in the year-ago period, reflecting improved operational efficiency. The quarter's profit included an exceptional gain of Rs 131.5 crore.
At 10:10 am on October 14, Transformers and Rectifiers (India) shares were trading 17% higher at Rs 355.65 apiece.
Managing Director and CEO Satyen Mamtora attributed the revenue growth to improved utilisation levels at the company's Changodar and Moraiya plants. He said the expansion of transformer manufacturing facilities was nearing completion, with commercial production expected to begin around Diwali. The additional capacity is expected to help the company scale up manufacturing operations in the second half of FY27.
For FY27, Transformers and Rectifiers reiterated its guidance of 25% revenue growth, an EBITDA margin of 16% and a profit after tax (PAT) margin of 9% to 10%.