Transformers & Rectifiers India Q1 Results: Profit Soars to ₹20.09 Crore, Revenue Up 106.98% YoY
Transformers & Rectifiers India announced its Q1 results on 19 July 2024, showing impressive growth. The company reported a profit of ₹20.09 crore, a significant turnaround from a loss of ₹12.61 crore in the same period last year.
Revenue increased by 106.98% year-on-year, despite a 37.19% decline from the previous quarter. Selling, general, and administrative expenses decreased by 39.37% quarter-on-quarter but increased by 17.88% year-on-year. Operating income dropped by 46.01% quarter-on-quarter but surged by 2067.22% year-on-year.
Earnings Per Share (EPS) for Q1 was ₹1.4, marking a 247.37% increase year-on-year.
The company has shown strong returns, with -0.77% in the last week, 182.94% in the last six months, and 223.23% year-to-date. Its market cap is ₹11,223.2 crore, with a 52-week high of ₹845.7 and a low of ₹76.
Analysts have a positive outlook on Transformers & Rectifiers India, with 1 Buy and 1 Strong Buy rating. The consensus recommendation is to Strong Buy.
Financials for Transformers & Rectifiers India:
- Total Revenue: ₹322 crore (Q1) vs ₹512.7 crore (Q4) (-37.19% QoQ), ₹155.57 crore (Q1 last year) (+106.98% YoY)
- Selling/General/Admin Expenses: ₹11.14 crore (Q1) vs ₹18.37 crore (Q4) (-39.37% QoQ), ₹9.45 crore (Q1 last year) (+17.88% YoY)
- Depreciation/Amortization: ₹6.78 crore (Q1) vs ₹6.03 crore (Q4) (+12.4% QoQ), ₹6.17 crore (Q1 last year) (+9.89% YoY)
- Total Operating Expense: ₹286.59 crore (Q1) vs ₹447.11 crore (Q4) (-35.9% QoQ), ₹157.37 crore (Q1 last year) (+82.11% YoY)
- Operating Income: ₹35.41 crore (Q1) vs ₹65.59 crore (Q4) (-46.01% QoQ), -₹1.8 crore (Q1 last year) (+2067.22% YoY)
- Net Income Before Taxes: ₹27.78 crore (Q1) vs ₹56.04 crore (Q4) (-50.43% QoQ), -₹15.23 crore (Q1 last year) (+282.4% YoY)
- Net Income: ₹20.09 crore (Q1) vs ₹39.93 crore (Q4) (-49.68% QoQ), -₹12.61 crore (Q1 last year) (+259.32% YoY)
- Diluted Normalized EPS: ₹1.4 (Q1) vs ₹2.74 (Q4) (-48.95% QoQ), -₹0.95 (Q1 last year) (+247.37% YoY
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