Transformers & Rectifiers Sets Record Date For 1:1 Bonus Shares: Will The Stock Rally?

Transformers and Rectifiers (India) Ltd (TRIL), which was founded in 1994, is a prominent player in the Indian transformer industry, producing a variety of transformers that meet the high standards of both the domestic and global markets. After the company announced the record date for 1:1 bonus shares, Transformers and Rectifiers (India) shares started higher on the NSE on Friday at Rs 860 compared to the previous close of Rs 854.

Transformers and Rectifiers (India) Bonus Shares

"This is to inform that the Allotment Committee of the Company has fixed Friday, 14th February, 2025 as the "Record Date" to determine the eligibility of shareholders for the purpose of allotment of 150082917 Bonus Equity Shares of Re.1/- each in the ratio of 1:1. This means that for every i.e. 1 (one) existing fully paid-up equity share of Re. 1/- each held, shareholders will receive 1 (one) new fully paid-up bonus equity share of Re. 1/- each," said the company in a stock exchange filing.

Transformers and Rectifiers (India) Q3 Financials

From Rs 13.4 crore in the December 2023 quarter to Rs 50.5 crore in the December 2024 quarter, the company's net profit jumped by 276%. Compared to the December 2023 quarter's revenue of Rs 365.30 crore, revenue from operations climbed 49.27% to Rs 545.31 crore in the third quarter of the current fiscal year. Compared to the December 2023 quarter's EBITDA of Rs 34.3 crore, Q3 EBITDA increased to Rs 77.9 crore in Q3FY25. In Q3FY25, the EBITDA margin surged to 14.29% from 9.38% on a year-over-year basis.

Tril Share Price Target

"Transformers & Rectifiers stock price is slightly bullish on the Daily charts with strong support at 813. A Daily close above resistance of 897 could lead to a target of 970 in the near term," commented A R Ramachandran, Independent Research Analyst.

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