Transformers and Rectifiers (India) rises on Q2 profit jump

Transformers and Rectifiers (India)

08/10/2024 09:56

** Shares of Transformers and Rectifiers (India)  TRNF.NS 
rise as much as 5%, the exchange-allowed upper limit, to 674.10
rupees
    ** The electrical equipment co reported a Q2 consolidated
net profit of 452.5 mln rupees ($5.39 mln) vs 16.1 mln rupees
profit yr ago
    ** Adds, rev from ops jumped ~80% Y/Y to 4.62 bln rupees
    ** Stock up 191.4% YTD; on track for fifth straight yearly
rise, if gains hold 





($1 = 83.9250 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))