Transformers and Rectifiers (India) Limited (TARIL) has reported robust financial results for the fiscal year ended March 31, 2026. The company achieved a annual revenue of ₹2,395 crore, marking a 23% year-on-year growth. With a healthy unexecuted order book of ₹5,005 crore and ₹23,000+ crore in inquiries under negotiation, the company remains well-positioned for continued expansion in the domestic and global power infrastructure sectors.
Annual Financial Performance Highlights
For the full financial year 2025-26, TARIL demonstrated significant operational scale, reporting an annual revenue of ₹2,395 crore, a notable increase compared to the previous year. The company’s EBITDA stood at ₹370 crore, reflecting a 17% year-on-year growth. Despite market fluctuations, the company maintained an EBITDA margin of 15.1% and a PAT margin of 9.2%, with a total Profit After Tax of ₹225 crore.
Strategic Growth and Operational Milestones
The company continues to advance its growth strategy, having reached an installed manufacturing capacity of 75,000 MVA. Key operational achievements for the year include securing a prestigious HVDC transformer repair order from PGCIL, making TARIL the first Indian company to undertake such specialized work. Additionally, the company successfully raised ₹500 crore through a Qualified Institutional Placement (QIP) to support its future capital requirements.
Future Outlook and Expansion
The management has outlined a clear roadmap toward reaching US$ 1 Billion in revenue over the next three years. The firm is heavily investing in backward integration for critical components like CTC, bushings, pressboard, and fabrication. While some site projects experienced minor delays, the company expects these new facilities to be fully operational by Q1 of FY 2027-28, providing a significant competitive advantage and enhancing margins as the company capitalizes on strong infrastructure demand.
Source: BSE
