ALFA Finder| Management target | Revenue 25.0% FY27 |
|---|
| Revenue growth | 10% YoY growth; moderated due to plant modernization activities. |
|---|---|
| Margins | Targeting 16% EBITDA standalone; consolidated margins benefited from subsidiaries. |
| Order book | Unexecuted order book at ₹6,630 crore, up 26% YoY. |
| Demand visibility | Strong sectoral tailwinds from grid modernization and renewable energy integration. |
| Management confidence | Balanced but ambitious, focusing on execution of a massive order book. |
Growth
Revenue grew 10% YoY, but EBITDA margins remained healthy at 15.6% standalone and 19.2% consolidated.
Outlook
Guided for 25% revenue growth in FY27 with 16% EBITDA and 9-10% PAT margins.
Risks
Execution delays in backward integration and rising working capital/inventory levels present significant liquidity and interest cost risks.
Last quarter's promises, checked
Delivered
- Guided ₹2,500-2,600cr Revenue → delivered ₹2,509cr (= BEAT)
- Guided 15-16% EBITDA margin → delivered 15.4% standalone (= BEAT)
- Guided 33,000 MVA production → delivered 33,763 MVA (= BEAT)
Partly delivered
- Guided Changodar capacity start Q1 → delayed to Q2 due to monsoons (= PARTIAL)
Missed
- Guided ₹8,000cr order book by FY26 → delivered ₹5,000cr (= MISS)
- Guided ₹2,600cr Revenue (Q3 call) → delivered ₹2,509cr (= MISS)
Earnings Call Transcript filed with NSE, NSE: TARIL. Summary written with AI assistance from the document.
Transformers & Rectifiers (India) Ltd: key numbers
- Share price
- ₹317.55
- Market cap
- ₹9,532 Cr
- Revenue (annual)
- ₹2,509 Cr
- Net profit (annual)
- ₹264.4 Cr
- P/E (TTM)
- 31.3×Sector 51.9×
- Promoter holding
- 64.36%+0.00% QoQ
- FII holding
- 6.98%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Transformers & Rectifiers (India) Ltd
All →Transformers & Rectifiers (India) Capacity Expansion: ₹1,250 Cr Investment
TARIL announced a Rs. 1,250 Crore investment in three greenfield transformer-component plants at Chiyada, Gujarat. Commercial operations are expected to begin in Q1 FY2027-28.
- Value
- ₹1,250 Cr
- greenfield manufacturing plants
- 3 plants
Transformers & Rectifiers (India) Earnings Call Transcript: Key Takeaways
T&R India reported strong execution and order inflows, leveraging infrastructure and energy transition demand.
- Call
- Guides 25% growth
Transformers & Rectifiers (India) Results Update
Transformers and Rectifiers (India) Limited reported Q2FY27 revenue of ₹709 crore, up 66% YoY. The company also reported an unexecuted order book of ₹7,237 crore.
Transformers & Rectifiers (India) Investor Presentation: Key Takeaways
TARIL delivered stellar Q2FY27 performance with 61% consolidated revenue growth and 119% EBITDA growth, driven by improved capacity utilization and operating leverage at its Gujarat plants.
- Call
- Guides 25% growth
Transformers & Rectifiers (India) Q2 FY27 Results: Net Profit ₹81.4 Cr, Up 117.6% YoY
Transformers & Rectifiers (India) Ltd reported revenue from operations of ₹739.4 Cr (+60.7% YoY) and net profit of ₹81.4 Cr (+117.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹81.4 Cr · +117.6% YoY
Transformers & Rectifiers (India) Other Announcement
The company submitted its quarterly shareholding pattern report for the quarter ended September 30, 2026, as required by SEBI regulations.