Transformers & Rectifiers India Q2 Results Achieves ₹4.53 Crores Net Income

Transformers & Rectifiers India Q2 Results: Total revenue for Q2 2024 reached ₹461.54 million, which is a significant increase of 79.55% YoY from ₹257.06 million in Q2 2023. This also reflects a 43.34% QoQ growth from ₹322 million in the first quarter (Q1) of 2024. The company's net income also soared to ₹45.27 million, showcasing a remarkable increase of 2711.8% YoY from just ₹1.61 million in Q2 2023, and a 125.34% QoQ rise from ₹20.09 million in Q1 2024.

Transformers & Rectifiers India’s diluted normalized earnings per share (EPS) were ₹3.04, which marks a staggering 2433.33% YoY increase compared to ₹0.12 in Q2 2023 and a 117.14% QoQ rise from ₹1.40 in Q1 2024. Overall, the financial results indicate strong operational momentum for Transformers & Rectifiers India, with substantial improvements in revenue, profit, and EPS year-over-year (YoY).

Here’s a simplified summary of the Q2 financial results for Transformers And Rectifiers In, reported on October 8, 2024:

Source: Here 

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Transformers & Rectifiers India Q2 Results

Transformers & Rectifiers India table presents the financial results for the quarter ending on September 30, 2024. The company has shown strong growth compared to the previous quarters. In the second quarter of FY2024, the total income reached ₹45,771 million, which is significantly higher than ₹31,560 million in the first quarter of FY2024 and ₹25,626 million in the same quarter last year (FY2023). This increase is mainly due to higher revenue from operations, which rose to ₹44,593 million.

Transformers & Rectifiers India’s total expenses for the second quarter were ₹39,815 million, up from ₹29,082 million in the previous quarter and ₹25,213 million in the same quarter last year. The increase in expenses is primarily due to higher costs of materials consumed and other operational costs. Despite these rising expenses, the company reported a profit before tax of ₹5,955 million, a significant increase from ₹2,478 million in the first quarter of FY2024 and ₹413 million in the same quarter of FY2023.

Transformers & Rectifiers India’s profit for the period was ₹4,210 million, compared to ₹1,837 million in the previous quarter and ₹304 million in the same quarter last year. This growth reflects the company's strong performance and effective management of costs. Additionally, the earnings per share (EPS) increased to ₹2.83 from ₹1.28 in the previous quarter and ₹0.23 in the same quarter last year, showing a positive trend in profitability.

Here is the financial results table for the company for the quarters and half-year periods ending on September 30, 2024, along with comparative figures:

Transformers & Rectifiers India Financial Metrics

Transformers & Rectifiers India's current market capitalization is ₹11,121 crores, indicating their overall value in the stock market. The current share price is ₹741, with a high of ₹846 and a low of ₹142 over a certain period. The stock has a price-to-earnings (P/E) ratio of 92.0, suggesting it may be seen as expensive compared to its earnings. The book value per share is ₹73.5, and the dividend yield is low at 0.03%. 

Here's a summary of the provided financial information in table format:

Quarterly Results 

The Transformers & Rectifiers India table shows the company’s financial performance for three quarters: March 2024, June 2024, and September 2024. In March 2024, the company made a total sales of ₹513 crores and had a net profit of ₹42 crores, with an earnings per share (EPS) of ₹2.80. In June 2024, sales decreased to ₹322 crores, resulting in a lower net profit of ₹21 crores and an EPS of ₹1.34.

Here’s the data table for Mar 2024, Jun 2024, and Sep 2024:

(in Rs. Crores)

About Transformers & Rectifiers India

Transformers & Rectifiers India, commonly known as T&R, is a company in India that started in 1994. It is well-known for making different types of transformers. These transformers are used in various industries and meet high-quality standards for both local and global markets.

T&R has received several important certifications, including ISO 9001, ISO 14001, and ISO 45001, which show that it follows strict quality and safety rules. The company has completed many significant projects in developed countries like Canada and the United Kingdom, which highlights its strong position in the transformer industry.