Transformers and Rectifiers Q4 FY26 PAT at INR 77 Crores

Transformers and Rectifiers held an earnings call to discuss audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026.
Company reported record annual revenue of INR 2,395 crores (standalone) and a robust unexecuted order book of over INR 5,000 crores providing 18-month visibility.
Management highlighted strategic focus on selective order intake, backward integration to improve margins by 150-200 bps, and entry into the HVDC transformer market.
CFO detailed Q4 standalone revenue of INR 752 crores, EBITDA of INR 117 crores (15.5% margin), and PAT of INR 77 crores, citing ESOP costs impacting margins.