Transformers And Rectifiers (India) Limited — Investor Meet, 16-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Transformers and Rectifiers (India) Limited delivered strong Q3 FY'26 results, with consolidated revenue at INR 737 Cr, EBITDA at INR 129 Cr, and PAT at INR 76 Cr, reflecting improved execution and higher utilization. Management is confident in achieving INR 2,600 Cr revenue and a 16% EBITDA margin for FY'26, targeting an INR 8,000 Cr order book by year-end. Strategic initiatives like a significant HVDC repair order and planned backward integration (CTC, Press Board, RIP bushing plants operational by FY'27) aim to enhance margins by 200 bps. Capacity expansion by 37,000 MVA is on track for FY'27, supporting the $1 billion revenue goal by FY'29.