Transformers & Rectifiers Posts Q1 FY27 Results; Order Book Reaches Record High

Transformers & Rectifiers Posts Q1 FY27 Results; Order Book Reaches Record High​

Transformers & Rectifiers (India) Limited (TARIL) has announced its financial results for the first quarter of Fiscal Year 2026-27, marked by steady revenue growth and a significant expansion in order intake. The company reported a record unexecuted order book, reflecting strong customer confidence amid India's advancing power infrastructure opportunities.

The Q1 FY27 results highlight sustained demand across key sectors. Revenue from operations stood at Rs. 572.34 crore, achieving an 8% year-on-year growth. The company maintained a healthy operational structure with EBITDA reported at Rs. 109.65 crore, translating to an EBITDA margin of 19.16%. Profit After Tax (PAT) for the quarter was recorded at Rs. 64.34 crore.

The performance metrics for Q1 FY27 are summarized below:

Operational Momentum and Future Visibility​

TARIL reported substantial operational momentum, with order inflows surging by 218% year-on-year, reaching Rs. 2,114 crore during the quarter. The unexecuted order book hit a new record of Rs. 6,630 crore as of June 30, 2026, marking a 26% increase compared to the previous year.

The company also maintains a robust enquiry pipeline estimated at approximately Rs. 23,000 crore, supported by increasing investments in power transmission infrastructure, renewable energy integration, industrial expansion, and export opportunities.

Strategic Capacity Expansion Underway​

To capitalize on future growth, TARIL continues advancing several strategic initiatives aimed at strengthening its manufacturing capabilities and enhancing operational efficiencies. These projects include:

• Expansion of the Changodar manufacturing facility, which is expected to be completed by August 2026.
• Backward integration projects valued at Rs. 9,001 crore.
• Development of three greenfield manufacturing facilities located in Chiyada.

The management noted that while the ongoing expansion activities at the Changodar facility temporarily moderated revenue growth during the quarter, these strategic investments are vital for significantly enhancing future capabilities.

Management Viewpoint​

Satyen J. Mamtora, Managing Director & CEO of TARIL, stated that the company began FY27 on a steady footing, driven by healthy project execution and sustained demand within the power sector. He emphasized that the record order book and strong inflows reflect the trust customers continue to place in TARIL, providing a clear visibility into the coming quarters.

Mamtora concluded that while capacity expansion is ongoing, the company remains confident of sustaining its growth momentum, supported by a healthy enquiry pipeline and favourable industry fundamentals as India advances toward its Viksit Bharat 2047 vision.

TARIL Stock Price Movement​

Today, shares of Transformers And Rectifiers (India) Limited gained slightly in the market, closing at ₹333.60 after finishing up 0.39%. The stock traded within a tight intraday range of ₹320.85 to ₹334.55 and saw a volume of 1.86 million shares on the exchange.