Summary

Transformers & Rectifiers (India) Limited (TARIL) reported a strong financial and operational performance for the fourth quarter and full financial year ended March 31, 2026. For FY26, standalone revenue from operations grew approximately 23% year-on-year to ₹2,395 crore, with EBITDA increasing by approximately 17% to ₹370 crore and PAT rising approximately 20% to ₹225 crore. The company achieved Q4 FY26 revenue of ₹752 crore, up approximately 16% year-on-year, with PAT at ₹77 crore. A robust unexecuted order book of approximately ₹5,005 crore as of March 31, 2026, alongside FY26 order inflows of ₹2,374 crore and a pipeline of inquiries exceeding ₹23,000 crore, provides strong future revenue visibility. Management expressed optimism about continued growth, driven by strategic capacity expansion and sustained demand in power transmission and infrastructure.

Key Highlights

1. 1

   FY26 revenue from operations grew approximately 23% year-on-year to ₹2,395 crore.

2. 2

   For FY26, EBITDA increased approximately 17% year-on-year to ₹370 crore, while Profit After Tax (PAT) rose approximately 20% year-on-year to ₹225 crore.

3. 3

   Q4 FY26 revenue from operations increased approximately 16% year-on-year to ₹752 crore.

4. 4

   Q4 FY26 Profit After Tax (PAT) stood at approximately ₹77 crore, demonstrating stable profitability for the quarter.

5. 5

   The unexecuted order book reached approximately ₹5,005 crore as of March 31, 2026, providing strong revenue visibility for future periods.

6. 6

   Order inflows for FY26 were approximately ₹2,374 crore, supported by a robust pipeline of inquiries exceeding ₹23,000 crore.

7. 7

   The company plans a capex investment of approximately ₹600 crore over the next 15 months to enhance capacity and support future demand.