Transformers And Rectifiers (India) Limited has informed the Exchange about Investor Presentation
Date: 8th August, 2022 Ref: TRIL/SECT/2022-23/NSE-BSE/COMPL/32
To, The Secretary BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Security Code : 532928
To, The Secretary National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051 Trading Symbol : TRIL
Dear Sir/Madam,
Sub: Investor Presentation
With reference to the captioned subject, we send herewith Investor Presentation of the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended on 30th June, 2022 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Please take the same on your record.
Thanking you,
Yours faithfully, For Transformers and Rectifiers (India) Limited
Rakesh Kiri Company Secretary and Compliance Officer
Encl.: As above
T & R is one of the leading manufacturers of a wide range of transformers globally. Today T & R is second largest Transformer manufacturing company based on Capacity in India. It has capability to develop world class power, distribution, furnace and specialty transformers with world class infrastructure at three plants around the city of Ahmedabad (Gujarat, India). T & R is managed by a highly skilled and experienced team of approximately 1200 employees, who consistently ensure that each and every activity factors in an adherence to high quality benchmarks established by the organisation.
An ISO 9001:2015, ISO 14001:2015 & ISO 45001 : 2018 CERTIFIED Q1 - FY 2022-23 – Result Presentation 8th August, 2022
DISCLAIMER
This presentation and the discussion that follows may contain certain words or phrases that are
forward - looking statements, based on current expectations of the management of Transformers and
Rectifiers (India) Limited or any of its subsidiaries and associate companies (“TRIL”). Actual results may
vary significantly from the forward-looking statements contained in this presentation due to various risks
and uncertainties. These risks and uncertainties include the effect of economical and political conditions
in and outside India, volatility in interest rates and the securities market, new regulations and
Government policies that may impact the businesses of TRIL as well as its ability to implement the
strategy.
The information contained herein is as of the date referenced and TRIL does not undertake any obligation
to update these statements. TRIL has obtained all market data and other information from sources
believed to be reliable or its internal estimates, although its accuracy or completeness can not be
guaranteed. This presentation is for information purposes only and does not constitute an offer or
recommendation to buy or sell any securities of TRIL. This presentation also does not constitute an offer
or recommendation to buy or sell any financial products offered by TRIL. Any action taken by you on the
basis of the information contained herein is your responsibility alone and TRIL or its Directors or
employees will not be liable in any manner for the consequences of such action taken by you. TRIL
and/or its Directors and/or its employees may have interests or positions, financial or otherwise, in the
securities mentioned in this presentation.
ISO 45001 : 2018
Our USP Today
•
Leading manufacturer of transformers up to 1200 kV class.
• A wide range of transformers: Power and Distribution Transformers, Furnace Transformers, Rectifier Transformers & Special Transformers, creating a unique positioning in the country.
•
•
Strong in-house design & technical expertise; collaboration/Joint Venture relationship for 765 kV Transformers & Reactors.
combined with technical
Technical collaboration with Fuji, Japan for 400/765 kV reactors and 400 kV generator transformer.
• A diversified customer base in India, coupled with International presence in over 20
countries.
• Vision to become a leading global player in Transformer Industry.
•
Fully integrated manufacturing set up - creating economies and improving efficiency.
3
Key Milestones
4
Key Milestones
5
Key Milestones
6
PRODUCT PORTFOLIO
Distribution Transformers
Furnace Transformers
Power Transformers
Rectifier Transformers
Classification of transformers
Range
Types
Power Transformer
Upto 1200 kV class
Generator transformer, Unit Auxiliary transformers, Step up & Step Auto transformers, Dual Voltage Primary or Secondary Three winding transformers
Interconnecting
transformers,
down
Shunt Reactor
Upto 765 kV class
Reactors upto 765 kV class
Distribution Transformers
160 kVA and above
Furnace Transformers
105 kA and above
Earthing transformers, Three winding transformers, Step up & Step down transformers, Dual voltage Primary or Secondary
Arc Furnace, Submerged Arc Furnace transformers
Induction Furnace, Laddle Arc Furnace and
Rectifier Transformers
Upto 160 kA DC
For DC power sources for Melt and Chemical Industries
ISO 45001 : 2018
STATE OF THE ART TESTING LAB FACILITY
INFRASTRUCTURE
1000 Sq. meter, 25 meter high test bay with shielding suitable for partial discharge measurements
Test Sources • 3000 kW 50/60 Hz Generator • 250kV Transformer for High Voltage
test
• 0-170kV Source Transformer for
losses measurement
• 1500 kW 200Hz Generator • 50 MVAr Capacitor Bank • 800kV Source Transformer
(provision to increase upto 100MVAr)
ISO 45001 : 2018
COMPETETIVE STRENGTH
In-house technical & design capabilities
Design & engineering capabilities developed indigenously enabling the company to achieve greater Design & engineering capabilities developed indigenously enabling the company to achieve greater
customization and cater to niche segments. customization and cater to niche segments.
Designs structured so as to minimize losses occurring within the transformer. Designs structured so as to minimize losses occurring within the transformer.
Unique distinction of being approved by utilities for power transformers up to 765 kV class without Unique distinction of being approved by utilities for power transformers up to 765 kV class without
any external technological support. This becomes and entry barrier for new units. any external technological support. This becomes and entry barrier for new units.
Cost Advantage
Installation of new machines (oven) has helped reduce cycle time to manufacture transformers. Installation of new machines (oven) has helped reduce cycle time to manufacture transformers.
Backward integration providing timely & cost-effective access to critical raw material components. Backward integration providing timely & cost-effective access to critical raw material components.
Manufacturing entire range of transformers including power generation, T&D, Manufacturing entire range of transformers including power generation, T&D,
industrial and industrial and
certain special transformers. certain special transformers.
Wide product portfolio and customer base
One of the largest manufacturers of furnace transformers. One of the largest manufacturers of furnace transformers.
Preferred supplier to many utilities & industrial companies in India. Preferred supplier to many utilities & industrial companies in India.
Exported transformers to countries such as USA, England, Canada, GCC., South Africa, Saudi Exported transformers to countries such as USA, England, Canada, GCC., South Africa, Saudi
Arabia, Australia, West Africa & Indonesia. Arabia, Australia, West Africa & Indonesia.
Manufacturing customized transformers & providing requisite on-site and after-sales service Manufacturing customized transformers & providing requisite on-site and after-sales service
support. support.
Well positioned to move up the value chain
Robust business model with revenues split almost equally between utilities & industries. Robust business model with revenues split almost equally between utilities & industries.
Supported with strong technical collaboration with Fuji for 400/765 KV reactors and 400 Kv Supported with strong technical collaboration with Fuji for 400/765 KV reactors and 400 Kv
generator transformer. generator transformer.
KEMA, Netherlands BV, the world renowned short circuit testing laboratory, Successfully tested KEMA, Netherlands BV, the world renowned short circuit testing laboratory, Successfully tested
our 315 MVA, 400/220/33 kV, 3 phase auto transformer. our 315 MVA, 400/220/33 kV, 3 phase auto transformer.
ISO 45001 : 2018
Growth Strategy
10
FINANCIALS - STANDALONE
Particulars (Rs. in Lakhs)
Revenue from Operations
Other Income
Total Income Expenditure Cost of Raw Materials Employee Cost Finance Cost Depreciation Other Expenditure
Total Expenses Profit Before Tax Less : Tax
Add: Other Comprehensive Income PAT after Comprehensive Income EBITDA
EBITDA Margin
PAT Margin
Q1 FY 2022-23
Q4 FY 2021-22
Q1 FY 2021-22
F Y
2021-22
27,771
204
32,801
516
21,319
112,898
286
1,246
27,975
33,317
21,605
114,144
23,133 747 975 362 1,856
27,073 902 314
4 592 2,239
8.00%
2.12%
26,777 746 1,311 303 3,599
32,736 581 246
(13) 322 2,195
6.59%
0.97%
16,804 754 992 408 2,250
21,208 397 139
3 261 1,797
8.32%
1.21%
92,038 2,987 4,227 1,531 11,265
112,048 2,096 793
(3) 1,300 7,854
6.88%
1.14%
ISO 45001 : 2018
Q1 FY 2022-23 RESULT HIGHLIGHTS
Q1 FY 2022-23
Revenue from Operations stood at Rs. 277.71 Cr increased by 30.27% as compared to Q1 FY 2021-22 due to better executions of orders.
EBIDTA stood at Rs. 22.39 Cr. as compared to Rs. 17.97 Cr during Q1FY 2021-22 due to better utilization of resources and good product mix.
ISO 45001 : 2018
FINANCIALS - CONSOLIDATED
Particulars (Rs. in Lakhs)
Q1 FY 2022-23
Q4 FY 2021-22
Q1 FY 2021-22
F Y
2021-22
Revenue from Operations
28,193
34,062
21,699
1,16,174
Other Income
Total Income
Expenditure
163
289
272
985
28,356
34,351
21,971
1,17,159
Cost of Raw Materials
22,880
27,793
16,731
92,397
Employee Cost
Finance Cost
Depreciation
Other Expenditure
P rofit Before Tax
Share of profit/(loss) of associates and joint ventures
Less : Tax
Add: Other Comprehensive Income
PAT after Comprehensive Income
EBITDA
EBITDA Margin
PAT Margin
805
1,020
409
2,236
1,006
-
363
4
647
2,435
8.59%
2.28%
815
1,336
348
3,834
225
-
188
(13)
24
1,909
5.56%
0.07%
814
1,027
449
2,513
437
-
152
3
288
1,913
8.71%
1.31%
3,244
4,359
1,699
13,130
2,330
-
902
(3)
1,425
8,388
7.16%
1.22%
ISO 45001 : 2018
Q1 FY2022-23 RESULT HIGHLIGHTS Consolidated
Q1 FY 2022-23
Revenue from Operations stood at Rs. 281.93 Cr. increased by
29.93% as compared to Q1FY 2021-22.
EBIDTA stood at Rs. 24.35 Cr. as compared to Rs. 19.13 Cr
during Q1FY 2021-22.
ISO 45001 : 2018
Q1 FY 2022-23 RESULT HIGHLIGHTS
Standalone Results Growth
Consolidated Results Growth
Revenue up by
29%
Revenue up by
31%
PBT up by
127%
PBT up by
130%
PAT up by
127%
PAT up by
130%
15
OPERATIONAL PERFORMANCE
Particulars
Sales MVA Upto 220kV Above 220kV
Particulars
Sales Breakup - Customer Segment Utilities (SEBs, Rail and Utilities etc.) Industrial (incl. renewables)
Exports (Incl. Third Party Exports - Utilities & Power) Total
Q1 FY 2022-23
Q4 FY 2021-22
Q1 FY 2021-22
773 4682
3815 3028
1910 2000
Q1 FY 2022-23 %
In Crore
Q4 FY 2021-22 %
In Crore
Q1 FY 2021-22 In Crore
%
FY 2021-22
10508 14248
FY 2021-22
In Crore
%
156
56%
214
66%
111
52%
576 51%
119
43%
100
31% 53
25%
337 30%
3
1%
11
3%
49
23%
209 19%
278
100% 325 100% 213
100% 1,122 100%
ISO 45001 : 2018
Future Business
Orders on Hand - Rs. 1377 Cr as on 31st July, 2022.
Major Event during in Q1 2022-23.
We has been received order of Rs. 186 Cr. from one of the State
Utility.
In addition to orders in hand, we have participated in bidding process of state and central utilities for more than Rs. 2000 Crs. This includes Private players, TBCB Tenders and EPC Majors Tenders.
ISO 45001 : 2018
Outlook 2022-23
There are challenges with uncertainty due to tense situation in Russia – Ukraine Border, China – Taiwan Border, frequent changes in repo rate by RBI, depreciating rupee and increase in petroleum prices.
However with our continuous focus & efforts on existing customers to get repetitive business, gaining opportunities in new market / segment and improving margins at all level, we are optimistic to achieve a healthy growth in revenue during the year 2022-23.
REVENUE
Rs. 1250-1300 Crs.
EBITDA
Rs. 90-105 Crs.
PAT
Rs. 35-45 Crs.
ISO 45001 : 2018
An ISO 9001:2015, ISO 14001:2015 & ISO 45001 : 2018 CERTIFIED
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