Heavy Electrical Equipment company Transformers & Rectifiers (India) announced Q2FY25 results: Revenue from Operations: Rs 46,154 lakh (up by 80% YoY). Total Income: Rs 47,331 lakh (up by 83% YoY). EBITDA: Rs 8,097 lakh (up by 291% YoY). EBITDA Margin: 17% Profit After Tax (PAT): Rs 4,602 lakh (up by 2,303% YoY). PAT Margin: 10% Jitendra Mamtora, Chairman, Transformers & Rectifiers (India) said: "To emerge as a preferred solution provider for quality transformers". First Phase of new capacity addition of 15,000 MVA will start for commercial production from January 2025. Trial run for fully automated Radiators manufacturing facility up to 765 kV started. First Phase of Fabrication unit will be operational from March 2025. Target to be 100% backward integrated organization by Q1FY26. Negotiation for organic and inorganic growth Avenues are at very advance Stage. Revenue target for current Financial Year remains intact Journey towards US$ 1 Billion Revenue in next 3 Financial Years Started. Satyen Mamtora, Managing Director, Transformers & Rectifiers (India) said: "To consolidate our national and international presence as a leading transformer manufacturer and maintain a sustainable growth rate over the long-term". New Orders during the quarter - Rs 1,031 crore. Revenue from operations Rs 445.93 crore, YoY increase of 75%. Maiden order of 193 MVA single phase STATCOM transformers. New Orders during the quarter - Rs 698 crore. Received order for 420kV three phase reactor with synthetic organic ester insulating fluid from Power Grid. Received order for 175MVA EAF transformer from Arcelor Mittal Mexico. Result PDF
Conference Call with Transformers & Rectifiers (India) Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.