Transformers and Rectifiers (India) announced its unaudited standalone and consolidated financial results for Q3 2026 and the first nine months of FY26. The company also appointed Satyen J. Mamtora as CEO, effective January 8, 2026, while Mukul Srivastava resigned. The Board of Directors approved these changes during its meeting.
Financial Performance Overview
Transformers and Rectifiers (India) reported its unaudited financial results for the quarter and nine months ending December 31, 2025. Key figures from the standalone results include:
- Revenue from operations for Q3 2026 reached ₹704.21 Crore.
- Profit before tax for Q3 2026 was ₹95.97 Crore.
- Total comprehensive income for Q3 2026 stood at ₹71.08 Crore.
For the nine-month period, revenue from operations totaled ₹1,643.16 Crore and profit before tax reached ₹202.84 Crore.
Leadership Changes
The company announced the following key leadership changes, effective January 8, 2026:
- Appointment of Satyen J. Mamtora, Managing Director, as the new Chief Executive Officer (CEO).
- Resignation of Mukul Srivastava from the position of CEO.
Satyen J. Mamtora, has been with Transformers & Rectifiers (India) Limited (TARIL) for over three decades and he held the designation of Managing Director & CEO of the Company. He has expertise in the transformer manufacturing and power equipment sector.
Consolidated Financial Highlights
The unaudited consolidated financial results show:
- Q3 2026 revenue from operations reached ₹736.76 crore.
- Q3 2026 Profit before tax stood at ₹107.79 crore.
- Total comprehensive income for Q3 2026 was ₹76.00 crore.
For the nine-month period consolidated revenue from operations totaled ₹1,726.13 crore and profit before tax reached ₹243.57 crore.
Source: BSE
