Transformers And Rectifiers (India) Ltd.(An ISO 9001:2000 Company)

Company Presentation

July 2008Strictly Private & Confidential

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) Ltd or any of its subsidiaries and associate companies (“TRIL”). Actual results may vary significantly from the forward-looking statements contained in this presentations due to various risks and uncertainties. These risks and uncertainties include the effect of economic and political conditions in India and outside India, volatility in interest rates and in 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

Q1 FY 2009 (Rs. in Lacs)

2,896 562 839 Other Expenditure

6,0968611,602EBIDTA

FY 2008Q1 FY 2008Q1 FY 2009 Particulars

3,310 436 930 PAT

1,824 181 469 Taxation

5,134 617 1,399 PBT

766 199 145 Interest

196 45 58 Depreciation

670 122 209 Employee Cost

---Purchase of Traded Goods

22,885 4,227 7,185 Consumption of raw materials

(1,835)(358)(1,193)(Increase)/Decrease in stock in trade & work in progress

Expenditure

30,712 5,414 8,642 Total Income

577 38 419 Other Income

30,135 5,376 8,223 Net Sales

Financial Performance

53%:Q1FY09 Sales of INR 8223 Lacs vs INR 5376 Lacs for Q1FY08

:

:

:

:

:

-27%Q1FY09 Interest Cost of INR 145 Lacs vs INR 199 Lacs for Q1FY08

113%Q1FY09 Profit after Tax of INR 930 Lacs vs INR 436 Lacs for Q1FY08

127%Q1FY09 Profit before Tax of INR 1399 Lacs vs INR 617 Lacs for Q1FY08

86%Q1FY09 EBIDTA of INR 1602 Lacs vs INR 861 Lacs for Q1FY08

Q1FY09 Revenues of INR 8642 Lacs vs INR 5414 Lacs for Q1FY08 60%

Operational Performance

Production & Sales

53%5,3768,223Sales (Rs. In Lacs)

66%1,019 1,689 Production (MVA)

% changeQ1 FY 08Q1 FY 09Particulars

Operational Performance

Sales –Break-upThe break-up of the sales achieved by the company between Industrial segments (including furnace, rectifier transformers and power and distribution transformers to the industry) and transformers sold to utilities (SEBs , PGCIL and NTPC) is as under:

100%5,376100%8,223Total

27%1,46228%2,330Industrial (Incl. Distribution)

73%3,91472%5,893Utilities (SEB/NTPC/PGCIL)

%Rs. in Lacs%Rs. in Lacs

Q1 FY 08Q1 FY 09

Operational Performance

Sales –Break-upThe position of the sales relating to special industry transformers (Furnace, rectifier transformer and other special transformers) as a percentage of total sales is as under:

100%5,376100%8,223Total

90%4,83983%6,855Power and Distribution

10%53717%1,368Industrial (Furnace & Rectifier)

%Rs. in Lacs%Rs. in Lacs

Q1 FY 08Q1 FY 09

Transformers Wise

Exports: During Q1 FY09, the company has achieved export sales of Rs. 118 Lacs.

Order Book

As on 30th June, 2008 the Company has order book position of Rs.38371 Lacs. The table below indicates the division of our order book between our business segments:

100%38,371Total

5%1,940Export

2%630Rectifier Transformers

12%4,432Furnace Transformers

7%2,604Distribution Transformers

74%28,765Power Transformers

%Order Book as on 30th June, 2008Type of Transformer

The unexecuted order book is executable in the current Financial Year.

Order Book

Furnace 12%

Power 74%

Distribution 7%Rectifier 2%

Export 5%

Financials – Stand-alone

11.31%

17.01%

19.48%

7.20

930

1399

1602

419

8223

Q1 FY 2009

8.11%

11.48%

16.02%

4.39

436

617

861

38

5376

Q1 FY 2008

8.20%

12.70%

15.83%

16.99

1787

2768

3452

86

21800

FY 2007

10.98%

17.04%

20.23%

30.90

3310

5134

6096

577

30135

FY 2008

PAT Margin

PBT Margins

EBIDTA Margins

EPS

PAT

PBT

EBIDTA

Other income

Net Sales

Particulars (Rs. Lacs)

10

Breakup of Other Income

41 Cash Discount

419Total Income

60Other Income

145Scrap Sales

30Interest Income

143Dividend from Mutual Funds

Rs. in LacsParticulars

11

Moraiya Project

Civil Work : 70% of the Civil Work is completed; remaining work will get completed by end of 2nd Quarter.

Machineries : 100 Ton crane has been erected – under commissioning. 250 Ton crane received at site and is under erection. Six small imported cranes received already erected. Out of them three erected.Three Winding Machines are ready for erection. VPD autoclave fabricated in fabrication bay.Air Compressors, Electrical Cables, Paint Booth, 2 cranes are ready for inspection. Other machineries are under process of manufacturing and shall be delivered by Sept, 2008.

Manpower : 8 Engineers are already recruited.35 technicians selected will join by end of this month.

Plant Commissioning : Plant is expected to start commercial production in phases by the end of this quarter.

12

Moraiya Project

Fabrication Bay – Vertical Sheet Cladding Works

Store & Insulation Bay – Purloins for Vertical Sheet Cladding Works

Thank You

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