TARIL Q2 Results Good Or Bad: 347% YoY Jump In Net Profit To Rs 75 Crore, Revenue Climbs 66%

The Transformers and Rectifiers (India) Limited, or (TARIL) has reported a strong quarter for Q2FY27. The company's standalone net profit skyrocketed by a whopping 346.5% YoY and 50.41% QoQ to Rs 75.01 crore in the quarter under review. Revenue also witnessed significant double-digit growth. TARIL said Q2FY27 performance reflects better execution, improved capacity utilization, and operating leverage across manufacturing facilities.

TARIL had reported profit of Rs 49.87 crore in Q1FY27 and Rs 16.80 crore in Q1FY26.

On the top-line front, TARIL registered a whopping 65.50% growth in consolidated revenue to Rs 709.04 crore in Q2FY27 versus Rs 428.42 crore in Q2FY26. Also, revenue surged by 26.77% from Rs 559.28 crore in Q1FY27.

EBITDA stood at Rs 113.90 crore in Q2FY27, skyrocketing by a multi-fold 205% from Rs 37.30 crore in the same quarter a year ago. Meanwhile, EBITDA margins expanded by 736 basis points YoY to 16.1%.

TARIL's order inflow stood at Rs 1,169 crore during Q2FY27, reflecting 97% YoY growth. While it has unexecuted order book of Rs 7,237 crore as on 30 September 2026, reflecting 32% YoY growth. TARIL is optimistic on executing these orders over the next 18-24 months.

Satyen Mamtora, Managing Director & CEO said, "Our performance during Q2FY27 reinforces our confidence in the Company's growth trajectory, supported by order inflows, improving capacity utilisation and continued progress on our expansion initiatives. The current order book provides comfortable revenue visibility, while the Changodar expansion positions us to service a larger opportunity pipeline across markets."

He added that, "Alongside capacity enhancement, we are strengthening our global customer engagement through our UK subsidiary, particularly across the US and European markets. Our entry into the nuclear power sector through the NPCIL Kaiga Units 5 & 6 project, along with recent orders from Damodar Valley Corporation and Gujarat Energy Transmission Corporation Limited, reflects the confidence customers place in our engineering and manufacturing capabilities."

"With these initiatives progressing as planned, we remain on track to achieve our FY27 guidance," the CEO added.

For H1FY27, TARIL's net profit surged 62% YoY to Rs 124.98 crore, while revenue climbed 35% YoY to Rs 1,268.32 crore. PAT margins expanded by 162 basis points YoY to 9.9%.

Earnings per share of the company nearly doubled to Rs 4.16 in H1FY27 versus Rs 2.58 in H1FY26. In Q2FY27, earnings per share reached Rs 2.50 from Rs 0.57.

TARIL shares ended at Rs 303.80 apiece on BSE, up by 3.05% with market cap of Rs 9,119.04 crore.

TARIL is one of India's leading transformer manufacturers with over four decades of operating legacy. Headquartered in Ahmedabad, Gujarat, the Company manufactures a comprehensive range of transformers including power, distribution, furnace, specialty, rectifier transformers and shunt reactors, solar application transformers, earthing transformers. TARIL's product capabilities span 5 kV to 1,200 kV and 0.5 MVA to 500 MVA, serving utilities, EPC players, industrial customers and renewable energy sectors.