TARIL FY26 Revenue Surges 23% to ₹2,395 Cr; Order Book Strong at ₹5,005 Cr
Transformers & Rectifiers (India) Limited (TARIL) reported a strong FY26 performance with revenue up 23% YoY to ₹2,395 crore and PAT at ₹225 crore. Q4 FY26 revenue increased 16% YoY to ₹752 crore, with PAT at ₹77 crore. The company's order book stands at ₹5,005 crore, ensuring strong revenue visibility.
The significant year-on-year growth in revenue and profit, coupled with a strong order book and future capex plans, is expected to have a substantial positive impact on the company's financial performance and market position.
The company reported strong year-on-year growth in revenue and profit for both the quarter and the full fiscal year, along with a substantial order book, indicating positive financial health and future prospects.
Transformers & Rectifiers (India) Limited (TARIL) has reported a robust financial performance for the fiscal year ended March 31, 2026. The company's standalone revenue from operations grew approximately 23% year-on-year to ₹2,395 crore. This growth was driven by strong execution in the utilities, infrastructure, and industrial segments, as well as increasing demand from the power transmission and distribution sector.
Profitability also saw significant improvement, with EBITDA rising by about 17% year-on-year to ₹370 crore, and profit after tax (PAT) increasing by approximately 20% to ₹225 crore. For the fourth quarter of FY26, revenue stood at ₹752 crore, a 16% year-on-year increase, with PAT at ₹77 crore.
The company maintained strong operational momentum, securing order inflows of approximately ₹2,374 crore in FY26, including ₹244 crore in Q4. As of March 31, 2026, TARIL's unexecuted order book was around ₹5,005 crore, providing strong revenue visibility. The company also noted a pipeline of inquiries exceeding ₹23,000 crore.
Mr. Satyen J. Mamtora, Managing Director & CEO, commented that FY26 was a year of strong and consistent performance, highlighting the company's execution capabilities and disciplined approach. He expressed confidence in the healthy order inflows and order book providing clear visibility for future periods. Strategic initiatives for capacity expansion and backward integration are progressing as planned.
TARIL is undertaking a planned capital expenditure of approximately ₹600 crore over the next 15 months to enhance capacity. The company remains optimistic about its growth trajectory, supported by its order book and a robust pipeline of opportunities, aligning with India's economic growth and the 'Viksit Bharat 2047' vision. Continued investments in power transmission and infrastructure sectors are expected to sustain growth momentum.
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