| Management target | Revenue 25.0% FY27 |
|---|
| Revenue growth | Targeting 25% YoY growth for FY27. |
|---|---|
| Margins | Consolidated EBITDA margin at 19.2%; targeting 16% for FY27. |
| Order book | INR6,630 crores as of June 30, 2026. |
| Demand visibility | Strong demand from grid modernization, data centers, and renewables. |
| Management confidence | High; visibility underpinned by strong unexecuted order book. |
Growth
Standalone revenue grew 10% YoY to INR559Cr; consolidated PAT reached INR64Cr with healthy 19.2% EBITDA margins.
Outlook
Targeting 25% revenue growth for FY27 with 16% EBITDA margins; targeting $1 billion revenue by FY29.
Risks
Temporary lower capacity utilization at Changodar due to expansion; geopolitical issues affecting raw material procurement strategy.
Last quarter's promises, checked
Delivered
- Guided Q3FY26 revenue ~INR700Cr → delivered INR704.21Cr (= BEAT)
- Guided 16% EBITDA margin → delivered 16.19% (= BEAT)
- Guided audited results within 8 days of close → delivered on schedule (= BEAT)
Partly delivered
- Guided FY26 revenue INR2,600Cr → Q3 YTD indicates on track but pending Q4 (= PARTIAL)
- Guided net debt free in 18-24 months → working capital still at 120 days (= PARTIAL)
Missed
- Guided 18-month order book limit → delivered 24-month lag time (= MISS)
Investor Presentation filed with BSE, NSE: TARIL. Summary written with AI assistance from the document.
Transformers & Rectifiers (India) Ltd: key numbers
- Share price
- ₹287.35
- Market cap
- ₹8,625 Cr
- Revenue (annual)
- ₹2,509 Cr
- Net profit (annual)
- ₹264.4 Cr
- P/E (TTM)
- 33.4×Sector 53.9×
- Promoter holding
- 64.36%+0.00% QoQ
- FII holding
- 7.80%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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