Friday 19 August 2016

FY17 EBITDA margin may stay over 11%: Transformers & Rectifiers-:- Equity Research

Transformers and Rectifiers posted a stellar set of earnings in what was a turnaround June quarter for the company. Speaking to CNBC-TV18, Jitendra Mamtora, Chairman of the company, said Transformers and Rectifiers will report profits for the full year and that the company is working at running capacity of 100 percent. He expects EBITDA margins to remain over 11 percent in FY17. As On June 30, 2016, the company's orders stood at Rs 868 crore, he said, adding, orders worth Rs 150 crore are in the company's pipeline.

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