Transformers And Rectifiers (India) Limited — PPTs, 21-04-2026: Investor Presentation

TARIL delivered strong FY26 standalone performance with revenue up 23% to ₹2,395 crore and profit after tax (PAT) up 20% to ₹225 crore. Q4 FY26 standalone revenue grew 16.2% to ₹752.33 crore, with PAT at ₹77.31 crore.

The company is strategically boosting capacity from 40,000 MVA to 75,000 MVA through new additions at Changodar and Moraiya. A key focus is backward integration, with four new facilities for CTC, Bushing, Pressboard, and Fabrication targeting 100% integration by Q1 FY27-28.

Recent wins include its highest-ever order of ₹740 crore from GETCO and a landmark HVDC transformer repair order from PGCIL, a first for an Indian firm. TARIL also exported a 220/253 MVA EAF Transformer, one of the largest globally, and secured a maiden order for 193 MVA single-phase STATCOM transformers. The unexecuted order book remains robust at ₹5,005 crore.

Management anticipates continued tailwinds from government infrastructure push, targeting US$1 billion revenue in the next three financial years. They plan ₹600 crore in new capital expenditure over 15 months, strategically selecting orders for better margins.