Tarapur Transformers Reports Q2 Loss, Appoints New CFO and Company Secretary

2 min read     Updated on 13 Nov 2025, 08:27 PM
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Overview

Tarapur Transformers Limited reported a net loss of Rs. 44.34 lacs for Q2 FY2025-26, compared to a profit of Rs. 9.52 lacs in Q1. Total income decreased to Rs. 7.52 lacs from Rs. 55.37 lacs in the previous quarter. The company appointed Ms. Vaishali Anil Pawar as CFO and Mrs. Hiral Jainesh Shah as Company Secretary and Compliance Officer, effective November 13, 2025. Tarapur Transformers filed an insolvency application against Choudhary Global Limited for an outstanding amount of Rs. 8.66 crores and received a partial payment of Rs. 43.15 lacs from the same company.

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*this image is generated using AI for illustrative purposes only.

Tarapur Transformers Limited , a manufacturer and repairer of transformers, has reported a net loss of Rs. 44.34 lacs for the quarter ended September 30, 2025, according to the company's recent financial disclosure. This marks a significant change from the profit of Rs. 9.52 lacs reported in the preceding quarter ended June 30, 2025.

Financial Performance

The company's financial results for Q2 FY2025-26 reveal several key points:

Particulars Q2 FY2025-26 (Rs. in Lacs) Q1 FY2025-26 (Rs. in Lacs)
Total Income 7.52 55.37
Total Expenses 51.86 45.85
Net Profit/(Loss) (44.34) 9.52
EPS (Basic & Diluted) (0.23) 0.05

The total income for the quarter stood at Rs. 7.52 lacs, a substantial decrease from Rs. 55.37 lacs in the previous quarter. Total expenses increased to Rs. 51.86 lacs from Rs. 45.85 lacs in Q1.

Half-Yearly Performance

For the half-year ended September 30, 2025, Tarapur Transformers reported:

  • Total income: Rs. 62.89 lacs
  • Net loss: Rs. 34.82 lacs
  • EPS (Basic & Diluted): Rs. (0.18)

Key Management Appointments

The company's Board of Directors has approved two key management appointments:

  1. Chief Financial Officer (CFO): Ms. Vaishali Anil Pawar has been appointed as the new CFO, effective November 13, 2025. Ms. Pawar brings five years of banking experience to the role.

  2. Company Secretary and Compliance Officer: Mrs. Hiral Jainesh Shah (Membership No: A50037) has been appointed to this role, also effective from November 13, 2025. Mrs. Shah has over nine years of professional experience in corporate secretarial, legal, and compliance functions.

Other Notable Developments

  1. The company has filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, with the National Company Law Tribunal (NCLT) Mumbai Bench. This application is for initiating Corporate Insolvency Resolution Process against Choudhary Global Limited for an outstanding amount of Rs. 8.66 crores.

  2. Tarapur Transformers received Rs. 43.15 lacs from Choudhary Global Limited, leading to a partial reversal of the provision made for bad and doubtful advances in the previous financial year.

  3. The company continues to operate primarily in the business of manufacturing and repairing transformers as a single segment.

These financial results and management changes come at a crucial time for Tarapur Transformers as it navigates challenging market conditions. The appointment of new key personnel may signal a strategic shift in the company's approach to financial management and compliance.

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