India's Transformers and Rectifiers jumps as Q3 profit surges

Transformers and Rectifiers (India)

06/02/2023 09:19

** Shares of Transformers and Rectifiers (India) Ltd
 TRNF.NS  rise as much as 7.90% to 76.50 rupees, highest in
nearly two weeks
    ** Transformer maker reports consolidated net profit more
than doubled to 138 mln rupees in the third quarter, compared to
51.6 mln rupees in the same period a year ago  urn:newsml:reuters.com:*:nFWN34L04C
    ** Core profit rises over 56%, while core profit margin
expanded to 9.58% in Q3 vs 5.97% in the same period a year ago
    ** Trading volume is 2.4 mln shares as of 2:40 p.m. IST,
1.3x the 30-day avg of 1.80 mln shares
    ($1 = 82.1300 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))