Transformers and Rectifiers Q2 FY27 Profit Soars 347% YoY

Revenue from Operations: ₹709.04 crore (vs. ₹428.42 crore in Q2 FY26, +65.5% YoY)
Other Income: ₹2.80 crore (vs. ₹12.39 crore in Q2 FY26)
Total Income: ₹711.84 crore (vs. ₹440.81 crore in Q2 FY26, +61.5% YoY)
Profit Before Tax: ₹98.68 crore (vs. ₹25.61 crore in Q2 FY26, +285.3% YoY)
Total Tax Expense: ₹23.67 crore
Profit for the Period: ₹75.01 crore (vs. ₹16.80 crore in Q2 FY26, +347% YoY)
Basic EPS: ₹2.50 (vs. ₹0.56 in Q2 FY26)
Diluted EPS: ₹2.50 (vs. ₹0.56 in Q2 FY26)

Revenue from Operations: ₹1,268.32 crore (vs. ₹938.95 crore in H1 FY26, +35.1% YoY)
Other Income: ₹17.08 crore (vs. ₹28.77 crore in H1 FY26)
Total Income: ₹1,285.40 crore (vs. ₹967.72 crore in H1 FY26, +32.8% YoY)
Profit Before Tax: ₹166.71 crore (vs. ₹106.87 crore in H1 FY26, +56.0% YoY)
Total Tax Expense: ₹41.83 crore
Profit for the Period: ₹124.88 crore (vs. ₹76.95 crore in H1 FY26, +62.3% YoY)
Basic EPS: ₹4.16 (vs. ₹2.56 in H1 FY26)
Diluted EPS: ₹4.16 (vs. ₹2.56 in H1 FY26)

Revenue from Operations: ₹739.44 crore (vs. ₹460.03 crore in Q2 FY26, +60.7% YoY)
Other Income: ₹2.72 crore (vs. ₹13.92 crore in Q2 FY26)
Total Income: ₹742.16 crore (vs. ₹473.95 crore in Q2 FY26, +56.6% YoY)
Profit Before Tax: ₹109.93 crore (vs. ₹45.30 crore in Q2 FY26, +142.7% YoY)
Total Tax Expense: ₹28.55 crore
Profit for the Period: ₹81.38 crore (vs. ₹37.35 crore in Q2 FY26, +117.9% YoY)
Basic EPS: ₹2.66 (vs. ₹1.13 in Q2 FY26)
Diluted EPS: ₹2.66 (vs. ₹1.13 in Q2 FY26)

Revenue from Operations: ₹1,311.78 crore (vs. ₹989.37 crore in H1 FY26, +32.6% YoY)
Other Income: ₹19.03 crore (vs. ₹34.24 crore in H1 FY26)
Total Income: ₹1,330.81 crore (vs. ₹1,023.61 crore in H1 FY26, +30.0% YoY)
Profit Before Tax: ₹197.96 crore (vs. ₹135.78 crore in H1 FY26, +45.8% YoY)
Total Tax Expense: ₹52.29 crore
Profit for the Period: ₹145.67 crore (vs. ₹104.81 crore in H1 FY26, +39.0% YoY)
Basic EPS: ₹4.71 (vs. ₹3.37 in H1 FY26)
Diluted EPS: ₹4.71 (vs. ₹3.37 in H1 FY26)

Total Assets: ₹2,817.90 crore (vs. ₹2,500.30 crore as of March 31, 2026)
Property, Plant and Equipment: ₹139.17 crore
Capital work-in-progress: ₹266.23 crore (significant increase from ₹137.80 crore)
Inventories: ₹651.24 crore (vs. ₹560.88 crore)
Trade receivables: ₹825.43 crore (vs. ₹853.32 crore)
Total Equity: ₹1,561.67 crore (vs. ₹1,440.20 crore)
Borrowings (Non-current): ₹125.48 crore (vs. ₹53.08 crore)
Borrowings (Current): ₹419.10 crore (vs. ₹370.92 crore)

Total Assets: ₹3,017.04 crore (vs. ₹2,665.71 crore as of March 31, 2026)
Property, Plant and Equipment: ₹241.69 crore
Capital work-in-progress: ₹267.31 crore (significant increase from ₹138.31 crore)
Inventories: ₹723.26 crore (vs. ₹615.52 crore)
Trade receivables: ₹837.24 crore (vs. ₹887.34 crore)
Total Equity: ₹1,685.22 crore (vs. ₹1,542.99 crore)
Non-controlling Interest: ₹32.50 crore (vs. ₹28.16 crore)
Borrowings (Non-current): ₹135.62 crore (vs. ₹66.88 crore)
Borrowings (Current): ₹438.06 crore (vs. ₹389.73 crore)

Net Cash from Operating Activities: ₹43.77 crore (vs. negative ₹34.71 crore in H1 FY26)
Net Cash used in Investing Activities: ₹132.31 crore (vs. positive ₹12.13 crore in H1 FY26)
Net Cash from Financing Activities: ₹93.34 crore (vs. ₹61.50 crore in H1 FY26)
Net Increase in Cash & Cash Equivalents: ₹4.80 crore (vs. ₹38.92 crore in H1 FY26)

Net Cash from Operating Activities: ₹48.06 crore (vs. ₹89.77 crore in H1 FY26)
Net Cash used in Investing Activities: ₹132.08 crore (vs. ₹6.33 crore in H1 FY26)
Net Cash from Financing Activities: ₹90.36 crore (vs. ₹63.09 crore in H1 FY26)
Net Increase in Cash & Cash Equivalents: ₹6.32 crore (vs. ₹40.76 crore in H1 FY26)

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 (October 13, 2026), the company has not contributed any capital to the subsidiary, and the subsidiary has not yet commenced operations.
The new subsidiary has not been included in the preparation of the consolidated financial results for the period ended September 30, 2026.

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

1. Transformers and Rectifiers (India) Limited (Holding Company)

2. Transpares Limited

3. Transweld Mechanical Engineering Works Limited

4. TARIL Infrastructure Limited

5. Savas Engineering Company Private Limited

6. TARIL Switchgear Private Limited (formerly Triveni Transtech (India) Private Limited known as POSCO Poggenamp Electrical Steel Private Limited)