- 09 Apr 2025
- ICICIdirect Research
TRANSFORMERS AND RECTIFIERS INDIA LTD THE COMPANY REPORTED ROBUST RESULTS FOR Q4FY25 ACROSS ALL PARAMETERS
TARIL - 495 Change: -8.65 (-1.72 %)News: Transformers and Rectifiers India Ltd (TARIL) The company reported robust results for Q4FY25 across all parameters. TARIL’s revenue rose 32% YoY to ₹676 crore on the back of healthy orderbook and strong execution. The company received orders worth ₹2144 crore in Q4 doubling the order backlog YoY to ₹5132 crore. The company has further bid prospects of ₹22,000 crore. As a result of strong execution and operating leverage, the company reported a healthy EBITDA of ₹131 crore which grew 83%/55% on a YoY/QoQ basis, EBITDA margins came in at 19.4% vs 14% in Q4FY24. Consequently, PAT came in at ₹94 crore up 2.3x/1.7x on a YoY/QoQ basis, PAT margin at 13.8% vs 8.16% last year. On a full year basis, the company reported Revenue/EBITDA/PAT of ₹2019/₹327/₹216 crore with EBITDA/PAT margins of 16.2%/10.5% respectively for FY25 vs 10.4%/3.4% in FY24.
View: With an unprecedented order book of ₹5132 crore and further bid prospects of ₹22000 crore. We believe TARIL is well placed to capitalise on sector tailwinds. It's focus on improving operational efficiency and capacity expansion to capture industry demand, achieving sustainable working capital cycle will drive up the stock.
Impact: Positive