Shares of Transformers & Rectifiers Ltd. surged as much as 4% on Friday, August 1, after reporting strong results for the June quarter.Net profit for the period more than tripled to ₹67 crore from ₹20 crore last year. The net profit was also aided by higher other income, which increased to ₹20 crore from ₹4 crore last year.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased to ₹88.3 crore, which is more than double of the previous year’s figure of ₹42.3 crore.
The strong operational performance was aided by a 64.4% growth in the company’s overall topline, which grew to ₹529.3 crore from ₹322 crore last year.EBITDA margin for the period also increased by over 360 basis points from last year to 16.7% from 13.1%.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased to ₹88.3 crore, which is more than double of the previous year’s figure of ₹42.3 crore.
The strong operational performance was aided by a 64.4% growth in the company’s overall topline, which grew to ₹529.3 crore from ₹322 crore last year.EBITDA margin for the period also increased by over 360 basis points from last year to 16.7% from 13.1%.
Shares of Transformers and Rectifiers surged as much as 4% after the earnings announcement, currently trading 3.8% higher at ₹531. The stock has risen 12.5% in the last one month. Despite this recovery, the stock is down 11.4% on a year-to-date basis.
