Date: 20th July, 2026

Financial Performance

Consolidated Results (Quarter Ended June 30, 2026)

  • Revenue from operations: Rs. 572.34 crore (8% YoY growth from Rs. 529.33 crore in Q1 FY26)
  • Other Income: Rs. 16.31 crore
  • Total Income: Rs. 588.65 crore
  • EBITDA: Rs. 109.65 crore (mentioned in press release)
  • EBITDA Margin: 19.16%
  • Profit Before Tax: Rs. 88.03 crore
  • Total Tax Expense: Rs. 23.74 crore
  • Profit After Tax: Rs. 64.29 crore
  • Total Comprehensive Income: Rs. 64.34 crore
  • Basic EPS: Rs. 2.05
  • Diluted EPS: Rs. 2.05

Standalone Results (Quarter Ended June 30, 2026)

  • Revenue from operations: Rs. 559.28 crore
  • Other Income: Rs. 14.28 crore
  • Total Income: Rs. 573.56 crore
  • Profit Before Tax: Rs. 68.03 crore
  • Total Tax Expense: Rs. 18.16 crore
  • Profit for the period: Rs. 49.87 crore
  • Total Comprehensive Income: Rs. 49.92 crore
  • Basic EPS: Rs. 1.66
  • Diluted EPS: Rs. 1.66

Expense Breakdown (Consolidated)

  • Cost of Materials Consumed: Rs. 455.57 crore
  • Purchases of Stock-in-trade: Rs. 1.60 crore
  • Changes in Inventories: (Rs. 70.17) crore
  • Employee Benefits Expenses: Rs. 22.94 crore
  • Finance Cost: Rs. 14.80 crore
  • Depreciation & Amortization: Rs. 6.82 crore
  • Other Expenses: Rs. 69.06 crore
  • Total Expenses: Rs. 500.62 crore

YoY Comparison

Revenue growth was moderated by lower capacity utilization at the Changodar manufacturing facility due to ongoing expansion activities.

Business Update

Order Book & Pipeline

  • Order inflows: Rs. 2,114 crore (up 218% YoY)
  • Unexecuted order book: Rs. 6,630 crore (record high, up 26% YoY)
  • Enquiry pipeline: Approximately Rs. 23,000 crore

Strategic Initiatives

  • Changodar manufacturing facility expansion: Investment of approximately Rs. 150 crore (expected completion by August 2026)
  • Backward integration projects: Worth Rs. 900-1,000 crore
  • Development of three greenfield manufacturing facilities at Chiyada

Management Commentary

Mr. Satyen J. Mamtora, Managing Director & CEO, stated: "We have begun FY27 on a steady footing, supported by healthy project execution and sustained demand across the power sector. Our record order book and strong order inflows reflect the trust our customers continue to place in TARIL and provide us with strong visibility for the coming quarters. While the ongoing expansion at our Changodar facility temporarily moderated revenue growth during the quarter, it is a strategic investment that will significantly enhance our manufacturing capabilities and support future demand. With capacity expansion progressing as planned, a healthy enquiry pipeline and favourable industry fundamentals, we remain confident of sustaining our growth momentum. As India advances towards its Viksit Bharat 2047 vision, continued investments in transmission infrastructure will create significant opportunities, and TARIL remains committed to supporting this transformation through technology, manufacturing excellence and disciplined execution."

Industry Outlook

India's continued investments in power transmission, renewable energy and grid modernisation are expected to drive sustained demand for advanced transformer solutions. The company remains well positioned to capitalise on these opportunities.

Additional Information

  • The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors
  • Results subject to Limited Review by the Statutory Auditors
  • Prepared in accordance with Indian Accounting Standards (Ind AS)
  • Company operations are limited to one segment: Manufacturing of Transformers
  • Paid-up equity share capital: Rs. 30.02 crore (face value of Re. 1/- each)