TARIL's FY26 Revenue Rises 23 Percent to INR 2,395 Crore, PAT at INR 225 Crore

Transformers & Rectifiers (India) Ltd. (TARIL) reported robust financial and operational performance for the fourth quarter and full year ended March 31, 2026, supported by strong execution across segments and sustained demand from the power and infrastructure sectors.

The company posted standalone revenue from operations of INR 2,395 crore in FY26, marking a year-on-year growth of about 23 percent Growth was driven by solid execution across utilities, infrastructure, and industrial segments, along with rising demand from the transmission and distribution sector. EBITDA for the year stood at approximately INR 370 crore, up around 17 percent YoY, while profit after tax (PAT) rose nearly 20 percent to INR 225 crore. The improvement in profitability was attributed to operating leverage, cost optimisation, and enhanced execution efficiencies.

For the fourth quarter, revenue from operations came in at INR 752 crore, reflecting a 16 percent year-on-year increase. PAT stood at INR 77 crore, while EBITDA remained resilient despite some pressure on margins.

Operational momentum remained strong, with order inflows of about INR 2,374 crore during FY26, including INR 244 crore in Q4. The unexecuted order book stood at approximately INR 5,005 crore as of March 31, 2026, providing strong revenue visibility. The company also reported a robust pipeline of inquiries under negotiation exceeding INR 23,000 crore. It continues to adopt a selective approach to order booking, prioritising better margin profiles, favourable payment terms, and alignment with production cycles.

Commenting on the performance, Managing Director and CEO Satyen J. Mamtora said that the company delivered consistent growth backed by strong execution capabilities and a disciplined operational approach, adding that the healthy order book provides clear visibility for future growth.

The company highlighted ongoing improvements in manufacturing efficiency, supply chain optimisation, and project execution as key contributors to its performance. Strategic initiatives, including capacity expansion and backward integration, are progressing as planned. TARIL has also outlined a capital expenditure plan of around INR 600 crore over the next 15 months to enhance capacity and support future demand.

Looking ahead, the company remains optimistic, supported by a strong order book and a diversified pipeline across domestic and international markets. With continued investments in power transmission, infrastructure, and renewable energy aligned with India’s long-term growth ambitions, TARIL expects to sustain its growth momentum while improving operational efficiencies and margins.