Transformers and Rectifiers Sees Net Profit Triple in Q1
Transformers and Rectifiers (India) reported a more than threefold increase in consolidated net profit, reaching Rs 67.46 crore for the June quarter, driven by significant revenue growth. The company had posted Rs 20.83 crore in profit during the same period of the previous financial year.
- Country:
- India
Transformers and Rectifiers (India) has announced a remarkable over threefold increase in its consolidated net profit, hitting Rs 67.46 crore in the June quarter. This significant growth was driven by a boost in revenues.
The company's profit for the corresponding period in the previous financial year stood at Rs 20.83 crore, demonstrating a substantial year-on-year growth.
During the first quarter of the current fiscal year, the company's revenue escalated to Rs 529 crore, up from Rs 322 crore reported in the same quarter last year.
(With inputs from agencies.)
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