New Delhi, April 11 -- Despite the market being under severe volatile conditions in the last few trading sessions, shares of Transformers & Rectifiers (India) have hit the 5% upper circuit limit for three consecutive sessions, resulting in a cumulative gain of 15% and taking the stock to Rs.519.

This stellar rally began after the company delivered a better-than-expected performance in the March quarter, beating street estimates. On Tuesday, the company reported a more than two-fold jump in consolidated net profit to Rs.94.20 crore for the quarter ended March 2025, compared to Rs.39.93 crore in the same period last year.

The consolidated revenue from operations rose 32.96% YoY to Rs.683.42 crore, while EBITDA stood at Rs.140 crore. The E...