New Delhi, Nov. 10 -- Shares of Transformers & Rectifiers India (TRIL), a leading transformer manufacturer, were locked in a 20% lower circuit in Monday's session, November 10, falling to the lowest level since October 2024. Today's drop also marked the eighth straight day of decline, resulting in a cumulative fall of 31%, the worst sustained crash the shares have seen in the recent past.

Today's crash in the shares followed the company's September quarter results announcement post-market hours on Friday, with numbers coming below Street estimates. The company's net profit during the reporting quarter dropped to Rs.34 crore, a 24% YoY decline from Rs.45 crore reported in the same period last year.

Revenue from operations remained flat a...