Transformers and Rectifiers shares jumped over 10% on Monday, April 27, following the announcement of a significant export order win. According to reports from LiveMint, the company secured an export order worth $16.25 million (approximately ₹150 crore) from PDC AK LPIV LLC. The order involves the supply of five transformers, along with related manufacturing and associated work, with execution scheduled by mid-2027. The contract has been granted by an international organization and is part of the company's regular business operations, with no transactions involving related parties or promoter group interests.
Recently, Transformers and Rectifiers reported a nearly 3% decline in consolidated net profit to ₹91.39 crore for the March quarter of FY26, compared to ₹94.19 crore in the corresponding period last year. As reported by LiveMint, total income increased to ₹805.04 crore, up from ₹683.42 crore in the January-March period of FY25. However, expenses rose significantly to ₹685.57 crore from ₹567.43 crore, contributing to the profit decline. In a separate announcement, the company revealed plans for capital expenditure of approximately ₹600 crore over the next 15 months to boost capacity and meet anticipated demand.
The company maintains a robust order book totaling ₹5,005 crore, with inflows for FY26 amounting to ₹2,374 crore. According to LiveMint, this order win underscores the company's expanding footprint in international markets and showcases its expertise in producing high-quality transformer solutions. The enhanced visibility of the order book in the medium term reflects strong international demand for the company's products.
As reported by LiveMint, Transformers and Rectifiers share price opened at ₹329.75 on the BSE and touched an intraday high of ₹358 per share. The stock has demonstrated strong momentum with gains of nearly 9.5% over the past week and over 20% in the last two weeks. Over a one-month period, it is up more than 29%, while the three-month return stands at an impressive 50%. However, on a year-to-date basis, the stock has risen around 14%, though it remains under pressure over longer horizons with declines of about 25% over six months and 31% over one year.
According to Anshul Jain, Head of Research at Lakshmishree, as reported by LiveMint, Transformers and Rectifiers share price confirmed a breakout from a 109-day bullish cup-and-handle formation at ₹338, signalling a continuation of the prevailing uptrend. The immediate upside trajectory points toward ₹385, which coincides with the upper end of a prior gap zone and may act as interim resistance. A decisive move above ₹385 would open further extension toward ₹414, while the breakout zone at ₹338 now serves as key support.
