Transformers and Rectifiers Q1 Net Profit Falls 31% YoY

Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)

Nature of Filing / Announcement: Regulatory filing of unaudited financial results pursuant to SEBI LODR Regulation 33

Audit Opinion:

Clean, unmodified limited review report for both standalone and consolidated financial results.

Auditor’s Comment:

The auditors, Manubhai & Shah LLP, stated that based on their review, nothing has come to their attention that causes them to believe the statements contain any material misstatement. The review provides moderate assurance, which is less than an audit.

Key Financial Highlights [₹ in Crore]:

Standalone Results:

| Revenue from Operations | 563.56 | 774.75 | 336.15 |

| Total Income | 563.56 | 774.75 | 336.15 |

| Profit before exceptional items and tax | 58.03 | 99.02 | 81.26 |

| Profit Before Tax (PBT) | 126.06 | 99.02 | 81.25 |

| Total Tax Expense | 18.16 | 23.55 | 23.13 |

| Net Profit | 49.87 | 77.47 | 60.15 |

| EPS (Basic & Diluted, in ₹) | 1.66 | 2.58 | 2.00 |

| Paid-up Equity Share Capital | 30.02 | 30.02 | 30.02 |

Consolidated Results:

| Revenue from Operations | 572.34 | 782.67 | 529.33 | 2,508.80 |

| Other Income | 16.31 | 22.37 | 20.31 | 60.85 |

| Total Income | 588.65 | 805.04 | 549.64 | 2,569.65 |

| Profit before exceptional items and tax | 88.03 | 119.47 | 90.48 | 363.04 |

| Profit Before Tax (PBT) | 88.03 | 119.47 | 90.48 | 363.04 |

| Total Tax Expense | 23.74 | 28.08 | 23.02 | 90.87 |

| Net Profit for the period | 64.29 | 91.39 | 67.46 | 272.17 |

| Attributable to Owners of the Company | 61.52 | 89.28 | 67.35 | 264.39 |

| Attributable to Non-controlling interests | 2.77 | 2.33 | 0.11 | 7.78 |

| EPS (Basic & Diluted, in ₹) | 2.05 | 3.04 | 2.24 | 9.07 |

| Paid-up Equity Share Capital | 30.02 | 30.02 | 30.02 | 30.02 |

Segment-wise Performance:

The operations of the Company are limited to one segment, namely Manufacturing of Transformers. Accordingly, segment-wise disclosure under Ind AS 108 is not applicable.

Corporate Actions:

Not Specified

Other Significant Information:

The consolidated results include the following subsidiaries:

Transformers and Rectifiers (India) Limited (Holding Company)
Transpares Limited
Transweld Mechanical Engineering Works Limited
TARIL Infrastructure Limited
Savas Engineering Company Private Limited
TARIL Switchgear Private Limited

One subsidiary (financials not specified) with revenue of ₹8.25 crore and a net loss of ₹0.60 crore was included based on unaudited management-certified results, which were not reviewed by its auditors but are considered immaterial to the Group.

Five other subsidiaries, with aggregate revenue of ₹59.23 crore and net profit of ₹11.53 crore, were included based on financial results reviewed by their respective auditors.