TARIL Q2FY27: Revenue Soars 66% to ₹709 Cr, PAT Jumps 338% on Strong Order Inflow
Transformers and Rectifiers (India) Limited reported Q2FY27 revenue of ₹709 crore, up 66% YoY. PAT surged 338% to ₹75 crore. Order inflow grew 97% to ₹1,169 crore, with an order book of ₹7,237 crore. Expansion at Changodar is nearing completion. Management is confident in achieving FY27 guidance.
The strong financial performance, substantial growth in key metrics, and positive business updates indicate a significant positive impact on the company's financial health and market position.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT, alongside a substantial increase in order inflow and an expanding order book. Expansion plans and successful technical milestones further bolster a positive outlook.
Transformers and Rectifiers (India) Limited (TARIL) announced robust financial results for the second quarter and half year ended 30 September 2026. The company reported a significant 66% year-on-year (YoY) growth in revenue from operations, reaching ₹709 crore in Q2FY27. EBITDA saw a substantial increase of 205% YoY to ₹114 crore, with an improved EBITDA margin of 16.1%. Profit After Tax (PAT) surged by 338% YoY to ₹75 crore, and PAT margin expanded to 10.6%.
For the half year ended H1FY27, revenue grew by 35% YoY to ₹1,268 crore, while EBITDA increased by 47% YoY to ₹185 crore. PAT for H1FY27 rose by 62% YoY to ₹125 crore, with a PAT margin of 9.9%.
The company's business performance was driven by better execution, improved capacity utilization, and operating leverage. Order inflow for Q2FY27 grew by 97% YoY to ₹1,169 crore, contributing to an unexecuted order book of ₹7,237 crore as of 30 September 2026, a 32% YoY increase, executable over the next 18-24 months. The inquiry pipeline is approximately ₹21,000 crore.
Key developments include the successful completion of dynamic short-circuit testing on transformer units and the nearing completion of the transformer manufacturing expansion at Changodar, expected to commence commercial production around Diwali. The company is strengthening global customer engagement through its UK subsidiary and has secured orders from NPCIL Kaiga Units 5 & 6, Damodar Valley Corporation, and Gujarat Energy Transmission Corporation Limited.
Management expressed confidence in the company's growth trajectory, supported by strong order inflows and capacity expansion initiatives. TARIL remains on track to achieve its FY27 guidance.
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