Transformers and Rectifiers (India) Ltd (TRIL), a leading player in the Indian transformer manufacturing industry, has announced a bonus issue in the ratio of 1:1. This means that shareholders will receive one additional share for every share they currently hold, at no extra cost.
Key Details of the Bonus Issue
- Bonus Ratio: 1:1 (One bonus share for every existing share held).
- Record Date: February 14, 2025 – Shareholders holding shares as of this date will be eligible for the bonus shares.
- Bonus Share Allotment Date: February 17, 2025.
- Effective Listing Date: February 18, 2025.
This is the first bonus issue by TRIL since 2013, when it had announced a 1:9 bonus share ratio.
Financial Performance
TRIL’s decision to issue bonus shares is backed by its robust financial performance over the past quarters.
Q3 FY25 Financial Highlights:
- Net Profit: ₹55.52 crore (252% YoY increase from ₹15.6 crore in Q3 FY24).
- Revenue: ₹559.36 crore (up 51% YoY from ₹365.3 crore).
- EBITDA: ₹84.8 crore (YoY growth from ₹35.6 crore).
- EBITDA Margin: 15.2%, up from 9.6% in the previous year.
9MFY25 Performance:
- Net Sales: ₹1,342.9 crore (up 72% YoY).
- Net Profit: ₹122.41 crore (massive 2,126% YoY growth from ₹5.5 crore in 9MFY24).
Order Book Update
TRIL has secured orders worth ₹362 crore from major power sector players, including:
- Power Grid Corporation of India Ltd.
- Adani Energy Solution Ltd.
- KEC International Ltd.
- Torrent Power Ltd.
- Megha Engineering & Infrastructures Ltd.
Additionally, TRIL’s total order book now stands at ₹3,686 crore, while ongoing inquiries under negotiation are valued at ₹19,000 crore.
About Transformers & Rectifiers (India) Ltd.
Established in 1994, Transformers & Rectifiers (India) Ltd is one of the leading transformer manufacturers. The company specializes in:
- Power transformers
- Distribution transformers
- Rectifier transformers
With a market capitalization of ₹17,000 crore, the company continues to expand its capabilities to cater to both domestic and international markets.
Why This Bonus Issue Matters
- Increased Share Liquidity
- Reward for Shareholders
- Positive Market Sentiment
- Stock Performance Boost
The bonus shares will be allotted on February 17, 2025, and trading in the newly issued shares will commence from February 18, 2025. Investors can look forward to continued growth opportunities in TRIL’s rapidly expanding business.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice.
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