Transformers & Rectifiers (India) Ltd (TARIL), a leading manufacturer of transformers, has announced an ambitious target of achieving $1 billion in revenue within the next three financial years. This bold vision comes alongside the company's impressive financial results for the first quarter of the fiscal year 2025-26.

Ambitious Growth Trajectory

The Co-Chairman of Transformers & Rectifiers has confirmed the company's path towards the billion-dollar revenue milestone, signaling a significant expansion of the company's operations and market presence. This target underscores TARIL's confidence in its growth strategy and the robust demand for its products in the power sector.

Strong Q1 FY26 Performance

The company's financial results for Q1 FY26 demonstrate substantial growth across key metrics:

The company has shown remarkable year-on-year growth, with revenue from operations increasing by 64.00% to ₹510.53 crore. Even more impressive is the 127.00% surge in EBITDA to ₹96.70 crore, reflecting improved operational efficiency. The profit after tax has more than tripled, reaching ₹60.20 crore, a 227.00% increase from the same quarter last year.

Order Book and Future Outlook

As of June 30, 2025, TARIL reported an unexecuted order book of ₹5,246 crore, providing a strong foundation for future growth. Additionally, the company has inquiries under negotiation worth over ₹18,000 crore, indicating robust market demand for its products.

Expansion and Strategic Initiatives

To support its growth ambitions, TARIL has initiated several strategic moves:

1. Construction of a new 22,000 MVA capacity expansion at the Moraiya facility.
2. Capacity expansion of the CRGO (Cold Rolled Grain Oriented) processing unit.
3. Ongoing construction for backward integration units to enhance self-reliance and quality control.

Management Commentary

Mr. Jitendra Mamtora, Chairman of TARIL, expressed confidence in the company's trajectory, stating, "We are on track in our journey towards US$ 1 Billion in revenue over the next three financial years."

Mr. Satyen Mamtora, Managing Director, highlighted operational achievements, including receiving an operational excellence award from Power Grid and successfully exporting one of the largest ratings of Electric Arc Furnace (EAF) Transformer ever manufactured globally.

With its strong financial performance, robust order book, and strategic expansion plans, Transformers & Rectifiers (India) Ltd appears well-positioned to pursue its ambitious growth targets in the coming years.

Transformers & Rectifiers (India) Ltd , a leading manufacturer of transformers, has reported an exceptional financial performance for the quarter ended June 30. The company's consolidated net profit soared to Rs 67.46 crore, marking a remarkable 224% increase from Rs 20.83 crore in the same period last year.

Strong Revenue Growth

The company witnessed substantial growth in its top line, with revenue from operations climbing to Rs 529.33 crore, up from Rs 322.00 crore in the corresponding quarter of the previous year. This represents a significant year-over-year growth of approximately 64%.

Improved Operational Efficiency

Transformers & Rectifiers demonstrated enhanced operational efficiency, as evidenced by its strong financial performance. The company's ability to manage costs effectively while driving revenue growth has contributed to its impressive results.

Consolidated Financial Highlights

The company's unaudited consolidated financial results for the quarter reveal the following key metrics:

Standalone Performance

On a standalone basis, the company posted a profit of Rs 60.15 crore, compared to Rs 18.37 crore in the previous year quarter. Standalone revenue increased to Rs 510.53 crore from Rs 311.59 crore year-on-year.

Company Profile

Transformers & Rectifiers operates as the second largest transformer manufacturing company based on capacity in India. The company has three plants located around Ahmedabad and employs approximately 1,200 people.

Conclusion

The robust quarterly performance demonstrates Transformers & Rectifiers' strong position in the transformer manufacturing sector. The significant improvement in profitability and operational metrics highlights the company's effective strategies and market demand for its products. Investors and stakeholders will likely be monitoring the company's performance in subsequent quarters to assess the sustainability of this growth trajectory.