Transformers and Rectifiers Profit Plunges in Q2

Nov 03, 2023 15:22

Transformers and Rectifiers (India) Ltd saw a sharp decline in net profit for the September quarter due to lower revenues. The company's total income also dipped compared to the previous year.

New Delhi, Nov 3 (PTI) Transformers and Rectifiers (India) Ltd reported a steep decline in consolidated net profit to Rs 1.89 crore for the September quarter mainly due to lower revenues.

Its consolidated net profit was Rs 12.20 crore in the year-ago period, the company said in a BSE filing on Friday.

The company's total income dipped to Rs 258.12 crore during the quarter from Rs 326.98 crore in the same period a year ago.

The board also approved the appointment of C S S Rajora as Chief Financial Officer of the company from November 3, 2023.

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Transformers and Rectifiers Profit Plunges in Q2

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