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Earnings Call

Transformers & Rectifiers (India) Earnings Call: Key Takeaways

TARIL reported FY26 revenue of ₹2,395 Cr (+23% YoY) with 9.19% PAT margin. Company focusing on high-voltage transformers and backward integration.

Why this was an Alfa AlertPhase 1 of US$ 1 Billion revenue journey started by achieving target revenue of ~2,500 crores during FY26.
Highlights
Revenue growthFY26 Standalone revenue ₹2,395 Cr, up 23% YoY.
MarginsEBITDA margin at 15.1% for FY26; PAT margin at 9.2%.
Order bookUnexecuted order book at ₹5,005 Crores as of 31.03.26.
Demand visibilityStrong; inquiries under negotiation exceed ₹23,000 Crores.
Management confidenceHigh; geared for upcoming execution and working capital challenges.

Growth

Standalone FY26 revenue grew 23% to ₹2,395 Cr; PAT increased 20.1% to ₹225 Cr.

Outlook

Targeting $1B revenue in 3 years; ₹600 Cr capex planned over 15 months.

Risks

Expansion project at Changodar delayed by 4-5 months; slow progress at some sites.

Source

Earnings Call filed with NSE, NSE: TARIL. Summary written with AI assistance from the document.

Read the document ↗

Transformers & Rectifiers (India) Ltd: key numbers

Share price
₹270.45
Market cap
₹8,118 Cr
Revenue (annual)
₹2,509 Cr
Net profit (annual)
₹264.4 Cr
P/E (TTM)
31.4×Sector 52.6×
Promoter holding
64.36%+0.00% QoQ
FII holding
7.80%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Transformers & Rectifiers (India) Annual General Meeting

TARIL's 32nd AGM was held on September 21, 2026. A 25% dividend (Rs. 0.25 per share) was declared alongside routine resolutions.

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Transformers & Rectifiers (India) Other Announcement

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16:30 IST BSE
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Transformers & Rectifiers (India) Annual General Meeting

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