Hot Pursuit     11-Jun-24
Transformers & Rectifiers hits the roof on launching QIP; floor price at Rs 699.95/share
Transformers And Rectifiers (India) was locked in upper circuit of 5% at Rs 769.15 after its board approved the opening of qualified institutional placement (QIP) of equity shares with the floor price of Rs 699.95 per share.
The company's board authorized and declared the opening of the issue on Monday, 10 June 2024.

The floor price of Rs 699.95 is at a discount of 4.45% to the previous day's closing price of Rs 732.55 on the BSE.

The company may offer a discount of not more than 5% on the floor price so calculated for the issue.

Transformers & Rectifiers (India) produces transformers for both domestic and international markets.

The company reported a consolidated net profit of Rs 41.62 crore in Q4 FY24, steeply higher than Rs 9.6 crore in Q4 FY23. Revenue from operations increased 16.96% to Rs 512.7 crore in Q4 FY24.

Previous News
  Transformers & Rectifiers India consolidated net profit rises 12.83% in the December 2023 quarter
 ( Results - Announcements 22-Jan-24   14:14 )
  Transformers & Rectifiers India standalone net profit rises 163.28% in the March 2023 quarter
 ( Results - Announcements 04-May-23   15:29 )
  Transformers & Rectifiers India reports consolidated net profit of Rs 2.76 crore in the June 2021 quarter
 ( Results - Announcements 10-Aug-21   15:26 )
  Transformers & Rectifiers India reports consolidated net loss of Rs 12.61 crore in the June 2023 quarter
 ( Results - Announcements 11-Aug-23   07:49 )
  Board of Transformers & Rectifiers India approves preferential issue shares and debentures
 ( Corporate News - 12-Sep-23   12:02 )
  Transformers & Rectifiers India consolidated net profit rises 588.55% in the March 2023 quarter
 ( Results - Announcements 04-May-23   15:30 )
  Transformers & Rectifiers India reports consolidated net loss of Rs 3.51 crore in the June 2020 quarter
 ( Results - Announcements 14-Sep-20   17:12 )
  Transformers & Rectifiers India allots 1 cr equity shares on preferential basis
 ( Corporate News - 13-Oct-23   12:44 )
  Transformers & Rectifiers India standalone net profit declines 29.96% in the March 2019 quarter
 ( Results - Announcements 27-May-19   16:32 )
  TRIL gains after bagging order
 ( Hot Pursuit - 24-Nov-16   10:27 )
  Transformers & Rectifiers India to hold AGM
 ( Corporate News - 12-Aug-15   15:09 )
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