stock broke
Shares of Transformers & Rectifiers India Ltd closed 20% lower at Rs 313.55 on the NSE on Monday, November 10, after the company reported weak results for the quarter ended September 30. The total net profit of the company in this quarter was Rs 37.45 crore, which is about 20% less than Rs 46 crore in the same quarter last year. The impact of the company’s weak results was clearly visible on its shares today. Shares of Transformers and Rectifiers hit lower circuit on Dalal Street.
The company’s total income in the second quarter was Rs 460 crore, which is slightly less than Rs 461 crore in the second quarter of last year. EBITDA i.e. earnings before interest, tax, depreciation and amortization was Rs 65.44 crore, which was Rs 81 crore in the same quarter last year. That means it decreased by about 19%.
company result
According to the company’s investor report, EBITDA margin declined to 13.81% from 17.1% in Q2FY25. One basis point means one hundredth of a percent (0.01%). As of June 30, the company had strong orders worth Rs 5,472 crore, which shows that the company has a good amount of work. Moreover, the total value of the orders under negotiation was more than Rs 18,700 crore, which indicates the possibility of good work ahead.
During the quarter, the company received new orders worth Rs 592 crore, which is a sign of continued good business. The company operates on a B2B model and services the power generation, power supply, power distribution and industrial sectors. The total capacity of all the company’s factories is 40,000 megawatt (MVA) and its reach is in more than 25 countries. The company’s shares have fallen by about 50% since the beginning of this year and by about 36% in the last 6 months.