Transformers and Rectifiers shares hit 5% upper circuit as Q4 profit more than doubles to ₹94 crore

The company on Tuesday said its consolidated net profit more than doubled to ₹94.20 crore in the quarter that ended March 2025.

It posted a ₹41.62 crore net profit for the January- March quarter of FY24.

The company's total income rose to ₹683.42 crore from ₹514 crore logged in the year-ago period.

Its expenses stood at ₹567.42 crore against ₹457.96 crore a year ago.

The board of directors also approved the reappointment of Jitendra U Mamtora as Chairman and Wholetime Director for a further 3 years from the expiry of his present term, i.e., with effect from January 1, 2026.

It further approved a dividend of 20 paise per equity share of ₹1 each.

All the proposals remain subject to shareholders' approval.

As of March 31, the company said its unexecuted order book stands at ₹2,144 crore.

The first phase of the new capacity addition of 15,000 MVA (megavolt ampere) will start commercial production in May 2025.

The company also looks to expand its extra high voltage (EHV) transformer capacity by an additional 22,000 MVA. With this addition, the total production capacity will exceed 75,000 MVA.

Incorporated in 1994, Transformers & Rectifiers (I) Limited has consolidated its position in the Indian transformer industry as a manufacturer of a wide range of transformers.

Recent order wins

In March 2025, the company secured several orders.

It won orders worth ₹726 crore for the supply of auto transformers and bus reactors from the Gujarat Energy Transmission Corporation.

The work shall be completed within 18 months from the date of issuance of the Letter of Intent (LOI), according to a regulatory filing.

Before this, Transformers and Rectifiers (India) Ltd said it had secured two orders worth ₹350 crore for the supply of transformers.

The delivery of transformers has to be done by the next financial year, according to a regulatory filing.

The company said it received an order worth ₹278 crore for the supply of transformers from the Adani Group.

Besides, a similar order worth ₹78 crore came from Al Sabha Group, Iraq, and Powerlink Queensland, Australia, it added.

Transformers and Rectifiers share price trend

Shares of the company have rallied around 46% in the past six months and 108% in the past year. On a year-to-date (YTD) basis, the stock has fallen over 13%. In the past five years, the stock price has jumped over 15,800%, Trendlyne data show.