Transformers and Rectifiers India Limited (TARIL) saw its net profit soar by 135% year-on-year in the second quarter of fiscal year 2027. The company’s strong financial performance was driven by a 61% increase in revenue from operations and a robust order book inflow of ₹3,283 crore during the quarter.
- Net profit for Q2 FY27 increased by 135% compared to the same quarter last year.
- Revenue from operations rose 61% to ₹739 crore in Q2 FY27.
- EBITDA jumped to ₹128 crore, with margin expanding to 17.35%.
- Half-year net profit grew 39% to ₹141 crore.
- Order book inflow for Q2 stood at ₹3,283 crore; unexecuted orders up 32% YoY.
- Transformer manufacturing expansion nearing completion, with commercial production expected around Diwali.
What were the key financial highlights for TARIL in Q2 FY27?
In the September quarter of fiscal year 2027, TARIL’s revenue from operations increased significantly to ₹739 crore, up from ₹460 crore in the same period last year. This 61% growth contributed to a sharp rise in net profit, which climbed 135% year-on-year. The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) also improved markedly, reaching ₹128 crore compared to ₹52 crore in Q2 FY26. The EBITDA margin expanded from 11.35% to 17.35%, reflecting better operational efficiency.
How did TARIL perform in the first half of FY27?
For the first half of fiscal year 2027, TARIL reported a net profit of ₹141 crore, which is a 39% increase from ₹101 crore in the corresponding period of the previous year. Revenue from operations for H1 FY27 stood at ₹1,312 crore, marking a 33% growth compared to ₹989 crore in H1 FY26. These results demonstrate the company’s sustained growth momentum during the first six months of the fiscal year.
What factors contributed to TARIL’s revenue growth?
The company’s managing director and CEO attributed the revenue growth to improved utilization levels at the Changodar and Moraiya plants. Additionally, the transformer manufacturing expansion project is nearing completion, with commercial production expected to start around the Diwali festival. This expansion will enhance TARIL’s manufacturing capacity, positioning the company for further growth in the second half of FY27.
What is the status of TARIL’s order book?
During the reporting quarter, TARIL secured new order inflows amounting to ₹3,283 crore. The unexecuted order book at the end of the first half of FY27 stood at ₹7,237 crore, representing a 32% increase from ₹5,472 crore in the same period last year. This strong order book provides a solid foundation for the company’s future revenue and profit growth.
How did the market react to TARIL’s earnings announcement?
Following the earnings announcement, TARIL’s share price closed at ₹304 per share on the National Stock Exchange, reflecting a gain of 3.12%. This positive market response indicates investor confidence in the company’s financial performance and growth prospects.
Transformers and Rectifiers India Limited continues to demonstrate strong financial health and operational improvements, supported by strategic expansion and a growing order pipeline. These factors are likely to contribute to sustained growth in the coming quarters.
