TARIL Q1FY27 Results: Revenue Up 10% YoY to ₹559 Cr, Order Inflow Surges 218% to ₹2,114 Cr
TARIL reported Q1FY27 standalone revenue of ₹559 Cr (up 10% YoY) and consolidated revenue of ₹572 Cr (up 8% YoY). Order inflow surged 218% YoY to ₹2,114 Cr, with the order book at ₹6,630 Cr. The company targets 25% revenue growth for FY27 with an EBITDA margin of 16%. Expansion projects are on track.
The substantial increase in order inflow and order book, coupled with positive future guidance and ongoing expansion, are material developments that are likely to significantly impact the company's future performance and investor sentiment.
The company reported significant year-on-year growth in order inflow and order book, along with a positive revenue growth. The future outlook and ongoing expansion projects are also positive indicators.
Transformers And Rectifiers (India) Limited (TARIL) announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 (Q1FY27).
The company reported a 10% year-on-year (YoY) increase in standalone revenue from operations to ₹559.28 crore, although it saw a 26% sequential (QoQ) decrease from ₹752.33 crore in Q4FY26. This QoQ dip was attributed to lower capacity utilization at the Changodar plant due to ongoing expansion activities, which are expected to be completed by August 2026, leading to improved utilization levels thereafter. Standalone EBITDA stood at ₹87.37 crore, a 10% YoY decrease, with an EBITDA margin of 15.62%. Standalone Profit After Tax (PAT) decreased by 17% YoY to ₹49.92 crore.
On a consolidated basis, revenue from operations grew by 8% YoY to ₹572.34 crore, down 27% QoQ from ₹782.67 crore. Consolidated EBITDA was ₹109.65 crore, a marginal 1% YoY increase, with an EBITDA margin of 19.16%. Consolidated PAT saw a 5% YoY decrease to ₹64.34 crore.
A significant highlight was the surge in order inflow, which increased by 218% YoY to ₹2,114 crore during the quarter. The company's unexecuted order book grew by 26% YoY to ₹6,630 crore as of June 30, 2026. Key orders received include an ultra mega order from PGCIL worth over ₹1,000 crore, an order from GETCO of about ₹228 crore, an order from RRVPNL of about ₹175 crore, and an export order from PDC AK LPIV, LLC - USA of about ₹150 crore.
The MD & CEO commented that the company is targeting 25% revenue growth for FY27, with an EBITDA margin of 16% and a PAT margin of 9%-10%. The company is also progressing with its expansion projects at Changodar (₹150 crore) and backward integration initiatives (₹900–1,000 crore), with commercial commissioning of backward integration facilities targeted by Q1 FY28. The company remains well-positioned against raw material price volatility and geopolitical uncertainties.
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