Standalone Financial Performance (Q2 FY27)

  • Revenue from Operations: ₹709.04 crore (compared to ₹559.28 crore in Q2 FY26)
  • Other Income: ₹2.80 crore (compared to ₹14.28 crore in Q2 FY26)
  • Total Income: ₹711.84 crore (compared to ₹573.56 crore in Q2 FY26)
  • Profit Before Tax: ₹98.68 crore (compared to ₹68.03 crore in Q2 FY26)
  • Tax Expense: ₹23.67 crore (Current Tax: ₹25.89 crore, Deferred Tax: ₹-2.22 crore)
  • Profit for the Period: ₹75.01 crore (compared to ₹49.87 crore in Q2 FY26)
  • Earnings Per Share (Basic & Diluted): ₹2.50 (compared to ₹1.66 in Q2 FY26)

Standalone Financial Performance (H1 FY27)

  • Revenue from Operations: ₹1,268.32 crore (compared to ₹938.95 crore in H1 FY26)
  • Other Income: ₹17.08 crore (compared to ₹28.77 crore in H1 FY26)
  • Total Income: ₹1,285.40 crore (compared to ₹967.72 crore in H1 FY26)
  • Profit Before Tax: ₹166.71 crore (compared to ₹106.87 crore in H1 FY26)
  • Tax Expense: ₹41.83 crore (Current Tax: ₹43.71 crore, Deferred Tax: ₹-1.88 crore)
  • Profit for the Period: ₹124.88 crore (compared to ₹76.95 crore in H1 FY26)
  • Earnings Per Share (Basic & Diluted): ₹4.16 (compared to ₹2.56 in H1 FY26)

Consolidated Financial Performance (Q2 FY27)

  • Revenue from Operations: ₹739.44 crore
  • Other Income: ₹2.72 crore
  • Total Income: ₹742.16 crore
  • Profit Before Tax: ₹109.93 crore
  • Tax Expense: ₹28.55 crore (Current Tax: ₹30.10 crore, Deferred Tax: ₹-1.56 crore, Tax Adjustment: ₹0.01 crore)
  • Profit for the Period: ₹81.38 crore
  • Attributable to Owners: ₹79.80 crore
  • Non-controlling Interests: ₹1.58 crore
  • Earnings Per Share (Basic & Diluted): ₹2.66

Consolidated Financial Performance (H1 FY27)

  • Revenue from Operations: ₹1,311.78 crore
  • Other Income: ₹19.03 crore
  • Total Income: ₹1,330.81 crore
  • Profit Before Tax: ₹197.96 crore
  • Tax Expense: ₹52.29 crore (Current Tax: ₹51.54 crore, Deferred Tax: ₹0.74 crore, Tax Adjustment: ₹0.01 crore)
  • Profit for the Period: ₹145.67 crore
  • Attributable to Owners: ₹141.32 crore
  • Non-controlling Interests: ₹4.35 crore
  • Earnings Per Share (Basic & Diluted): ₹4.71

Balance Sheet Position (Standalone as of September 30, 2026)

  • Total Assets: ₹2,817.90 crore (compared to ₹2,500.30 crore as of March 31, 2026)
  • Property, Plant and Equipment: ₹139.17 crore
  • Capital Work-in-Progress: ₹266.23 crore
  • Inventories: ₹651.24 crore
  • Trade Receivables: ₹825.43 crore
  • Cash and Cash Equivalents: ₹10.58 crore
  • Total Equity: ₹1,561.67 crore
  • Borrowings: ₹544.58 crore (Non-current: ₹125.48 crore, Current: ₹419.10 crore)

Cash Flow Statement (Standalone H1 FY27)

  • Net Cash from Operating Activities: ₹43.77 crore
  • Net Cash from Investing Activities: ₹-132.31 crore
  • Net Cash from Financing Activities: ₹93.34 crore
  • Net Increase in Cash: ₹4.80 crore

Subsidiary Information

The Company incorporated a new subsidiary, Maxwell Grid Transformers (UK) Private Limited, in the United Kingdom on September 4, 2026. As of the signing date, the Company has not contributed any capital to the subsidiary, and the subsidiary has not commenced operations. Accordingly, this subsidiary has not been included in the consolidated financial results.

Segment Information

The operations of the Company are limited to one segment: Manufacturing of Transformers and rectifiers. Disclosure under Indian Accounting Standard (Ind AS) 108 on operating segments is not applicable.

Auditor Review

The financial results were subject to limited review by the statutory auditors, Manubhai & Shah LLP, who issued unqualified review reports for both standalone and consolidated results.

Additional Notes

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and SEBI guidelines. The results will be available on the Company's website at www.transformerindia.com.