Shares of Transformers & Rectifiers Ltd. (TRIL) are locked in a 20% lower circuit on Monday, November 10, in response to its results that were reported after market hours on Friday.

On a consolidated basis, the company's revenue declined by 0.2% from last year to ₹460 crore, while its net profit and Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter declined by 25% each from the same quarter last year.

EBITDA margin for the quarter narrowed to 11.2% from 14.9% last year. Margins are at the lowest level since the third quarter of financial year 2024. The management attributed the fall in margins to higher staff costs and higher operating expenditure.

Besides results, the World Bank has debarred the company on World Bank's financed projects, for engaging

See Full Page