Transformers and Rectifiers (India) Limited Q1 FY27 Results: Consolidated Revenue Up 8.1% YoY to ₹572.34 Crore; Net Profit at ₹64.29 Crore

Transformers and Rectifiers (India) Limited (TRIL) has declared its unaudited consolidated financial results for the first quarter ended June 30, 2026 (Q1 FY27). Driven by sustained demand in the power and transformer equipment sector, the company registered an 8.13% year-on-year (YoY) increase in operational revenue to ₹572.34 crore.

Key Financial Highlights (Q1 FY27 vs Q1 FY26)

Revenue from Operations: Reached ₹572.34 crore, marking an 8.13% YoY growth compared to ₹529.33 crore in Q1 FY26. Sequentially, operational revenue fell 26.87% from ₹782.67 crore in Q4 FY26 due to quarterly delivery seasonality.

Total Income: Advanced 7.09% YoY to ₹588.65 crore compared to ₹549.64 crore in Q1 FY26.

Profit Before Tax (PBT): Came in at ₹88.03 crore, slightly down 2.71% YoY from ₹90.48 crore in Q1 FY26 and down 26.32% QoQ from ₹119.47 crore in Q4 FY26.

Net Profit After Tax (PAT): Stood at ₹64.29 crore compared to ₹67.46 crore in Q1 FY26 (down 4.70% YoY) and ₹91.39 crore in Q4 FY26.

Profit Attributable to Owners: Stood at ₹61.52 crore for Q1 FY27, compared to ₹67.35 crore in Q1 FY26 and ₹89.28 crore in Q4 FY26. Non-controlling interests accounted for ₹2.77 crore.

Total Comprehensive Income: Came in at ₹64.34 crore versus ₹67.54 crore in Q1 FY26.

Earnings Per Share (EPS): Basic and Diluted EPS (face value Re. 1 per share, un-annualised) stood at ₹2.05 compared to ₹2.24 in Q1 FY26 and ₹3.04 in Q4 FY26.

Expense Analysis

Total expenses for Q1 FY27 increased 9.03% YoY to ₹500.62 crore from ₹459.15 crore in the same period last year:

Cost of Materials Consumed: Advanced to ₹455.57 crore compared to ₹342.73 crore in Q1 FY26 and ₹540.27 crore in Q4 FY26.

Changes in Inventories: Recorded an inventory build-up/adjustment of -(₹70.11 crore) against -(₹1.65 crore) in Q1 FY26.

Employee Benefits Expenses: Stood at ₹23.33 crore compared to ₹19.22 crore in Q1 FY26.

Finance Costs: Rose to ₹14.37 crore against ₹10.47 crore in Q1 FY26.

Depreciation & Amortisation Expense: Increased to ₹6.82 crore compared to ₹6.55 crore in Q1 FY26.

Other Expenses: Totaled ₹69.06 crore, reflecting a decline from ₹78.40 crore in Q1 FY26 and ₹91.01 crore in Q4 FY26.

Tax & Share Capital Metrics

Tax Expenses: Total tax provision for the quarter was ₹23.74 crore (comprising ₹21.44 crore in current tax and ₹2.30 crore in deferred tax) compared to ₹23.02 crore in Q1 FY26.

Paid-Up Equity Share Capital: Remained unchanged at ₹30.02 crore (consisting of equity shares with a face value of Re. 1 each).

Other Equity: Stood at ₹1,484.75 crore as per the audited full-year balance sheet for FY26.

Operational momentum remained robust, with order inflows increasing 218% year-on-year to Rs. 2,114 crore during the quarter. As of June 30, 2026, the Company's unexecuted order book reached a record Rs. 6,630 crore, representing a 26% year-on-year increase and providing healthy revenue visibility over the coming quarters. The Company also continues to maintain a healthy enquiry pipeline of approximately Rs. 23,000 crore, supported by increasing investments in power transmission infrastructure, renewable energy integration, industrial expansion and export opportunities.

The Company continues to make steady progress on its strategic growth initiatives. Expansion of the Changodar manufacturing facility with an investment of approximately Rs. 150 crore, backward integration projects worth Rs. 900- 1,000 crore, and the development of three greenfield manufacturing facilities at Chiyada are progressing as planned. These initiatives will strengthen TARIL's manufacturing capabilities, enhance operational efficiencies and support future growth Together these investments will strengthen manufacturing capabilities across critical transformer components, improve operational efficiencies and support the Company's long-term growth strategy.

"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." - Mr. Satyen J. Mamtora, Managing Director & CEO.

Shares of Transformers And Rectifiers (India) Limited was last trading in BSE at Rs. 333.55 as compared to the previous close of Rs. 332.65. The total number of shares traded during the day was 108993 in over 2009 trades.

The stock hit an intraday high of Rs. 334.35 and intraday low of 321.50. The net turnover during the day was Rs. 35873337.00.

Source : Equity Bulls

Keywords

TransformersAndRectifiersIndia INE763I01026 TRIL HeavyElectricalEquipment Q1FY27 Q1FY2027 ResultUpdate