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Earnings Call

Transformers & Rectifiers (India) Earnings Call: Key Takeaways

TARIL achieved record FY26 consolidated revenue of ₹2,509cr and PAT of ₹272cr. Management is focused on backward integration and HVDC entry to drive margin expansion and reach a $1 billion revenue target within few years.

Highlights
Revenue growthFY26 growth from ₹2,019cr to ₹2,509cr (Consolidated).
MarginsConsolidated margins 15-17%; backward integration to add 200-300 bps.
Order book₹5,000cr+ as of March 31, 2026.
Demand visibilityStrong; 18-month visibility with ₹5,000cr+ order book.
Management confidenceHigh; aiming for $1 billion revenue in coming years.

Growth

FY26 consolidated revenue grew to ₹2,509cr from ₹2,019cr; EBITDA at ₹444cr. Production hit record 33,763 MVA.

Outlook

FY27 revenue guidance of ₹3,250cr with 35-40% growth target. ₹5,000cr+ order book ensures 18-month visibility.

Risks

Raw material volatility (copper), supply chain disruptions (Hormuz), and execution delays due to extended monsoons.

Source

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

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Transformers & Rectifiers (India) Ltd: key numbers

Share price
₹277.65
Market cap
₹8,334 Cr
Revenue (annual)
₹2,509 Cr
Net profit (annual)
₹264.4 Cr
P/E (TTM)
32.2×Sector 53.6×
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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