| Management target | Revenue 25.0% FY27 |
|---|
| Revenue growth | 66% YoY growth driven by improved capacity utilization and order execution. |
|---|---|
| Margins | EBITDA margin improved to 16.1% from 8.8% YoY due to leverage. |
| Order book | Unexecuted order book at ₹7,237 Cr, up 32% year-on-year. |
| Demand visibility | Strong visibility from renewables, data centers, and grid modernization projects. |
| Management confidence | Highly optimistic, emphasizing strategic entry into nuclear and large power segments. |
Growth
Revenue rose 66% YoY to ₹709 Cr; EBITDA margins improved to 16.1% on operating leverage.
Outlook
Targets 25% revenue growth and 9-10% PAT margin for FY27.
Risks
High inventory and long working capital cycles (154 days) remain key liquidity constraints.
Last quarter's promises, checked
Delivered
- Targeting 25% revenue growth in FY27 → delivered 66% YoY (= BEAT)
- EBITDA margin target 16% → delivered 16.1% (= BEAT)
- Changodar capacity completion by August 2026 → delivered on track (= BEAT)
Partly delivered
- Working capital 120-130 days target → delivered 154 days (= 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
- ₹314.70
- Market cap
- ₹9,446 Cr
- Revenue (annual)
- ₹2,509 Cr
- Net profit (annual)
- ₹264.4 Cr
- P/E (TTM)
- 31.0×Sector 52.2×
- 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) 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.
Transformers & Rectifiers (India) Board Meeting Date
TARIL has scheduled its Board meeting for 13 October 2026 to approve unaudited Q1 and H1 FY27 financial results. The trading window reopens from 16 October 2026.