Shares of Transformers & Rectifiers Ltd. jumped 6.3% to ₹318.65 after the company disclosed a ₹1,250 crore capital outlay to build three greenfield plants in Gujarat. The rally snapped a seven‑day losing streak and lifted the stock 17.8% in the last month, while it remains 34.45% below its 52‑week peak of ₹481.40.
FY27 Q2 revenue rose 60.7% YoY to ₹739.4 crore, and consolidated net profit surged 135% to ₹79.8 crore, eclipsing the ₹33.9 crore profit reported for the same quarter last year. The jump reflects higher sales of high‑voltage transformer components amid a tightening supply chain.
EBITDA climbed to ₹128.8 crore from ₹58.9 crore, pushing the margin to 17.4% from 12.8% in FY26 Q2. The margin expansion aligns with the company's focus on cost efficiency in its greenfield manufacturing strategy.
The ₹1,250 crore spend will fund three plants expected to start commercial ops in Q1 FY28, generating an annual revenue potential of ₹2,000 crore and creating over 1,000 direct jobs. The investment is positioned to support India’s power infrastructure upgrade and renewable integration.
Analysts now target a 10% upside to the 52‑week low, while the company has not issued new guidance. Investors are watching Q1 FY28 for the plants’ operational impact and the potential lift in earnings from the expanded production capacity.