Transformers & Rectifiers (India) Limited , a key player in the power equipment sector, has unveiled an ambitious growth strategy aimed at significantly boosting its revenue and operational efficiency over the next three years.

Revenue and Margin Targets

The company has set its sights on achieving a remarkable revenue target of $1 billion within the next three years. This goal underscores Transformers & Rectifiers' confidence in its growth potential and market opportunities. Alongside this revenue objective, the company is projecting impressive EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margins of 17-18%, indicating a strong focus on profitability and operational efficiency.

Order Book Projections

In a move that further reinforces its growth expectations, Transformers & Rectifiers anticipates building a robust unexecuted order book. The company projects that by the end of next year, its order book will reach a substantial Rs 5,000-5,500 crore. This healthy order book is expected to provide a solid foundation for the company's ambitious revenue targets.

Capacity Utilization Improvements

One of the key drivers behind the company's optimistic outlook is the expected improvement in capacity utilization. Transformers & Rectifiers foresees a significant increase in its capacity utilization rate, projecting it to reach 85-90% this year. This marks a substantial improvement from the previous year's utilization rate of 65%, suggesting enhanced operational efficiency and potentially higher production volumes.

Export Revenue Outlook

While focusing on overall growth, Transformers & Rectifiers expects its export revenue to maintain a steady contribution to the total revenue. The company anticipates that exports will continue to account for approximately 10% of its total revenue, indicating a balanced approach to domestic and international market opportunities.

The ambitious targets set by Transformers & Rectifiers reflect the company's strategic vision for growth and its confidence in market demand for its products. As the power sector continues to evolve, the company's focus on improving operational efficiency and expanding its order book positions it to capitalize on emerging opportunities in both domestic and international markets.

Transformers & Rectifiers (India) Limited (TARIL), a leading manufacturer of transformers, has announced its ambitious goal to achieve $1 billion in revenue within the next three financial years. This strategic vision comes on the heels of a robust financial performance in the first quarter of the fiscal year 2025-26.

Strong Q1 Financial Results

TARIL has reported impressive financial results for Q1 FY26, showcasing significant growth across key metrics:

The company's revenue from operations surged by 64% year-over-year to ₹510.53 crore, while EBITDA more than doubled to ₹96.70 crore. Notably, the EBITDA margin expanded by 488 basis points to 18.35%, indicating improved operational efficiency.

Path to $1 Billion Revenue

Jitendra U. Mamtora, Chairman and Wholetime Director of TARIL, confirmed the company's ambitious target of reaching $1 billion in revenue over the next three financial years. This goal aligns with the company's growth trajectory and recent performance.

Strategic Initiatives

To support its growth objectives, TARIL has outlined several key initiatives:

1. Capacity Expansion: Construction has commenced for a new 22,000 MVA capacity expansion at the Moraiya facility.
2. Backward Integration: The company is undertaking construction for backward integration units, aimed at enhancing self-reliance and quality control.
3. CRGO Processing: Capacity expansion of the CRGO (Cold Rolled Grain Oriented) processing unit has begun.

Order Book and Pipeline

As of June 30, 2025, TARIL reported:

• An unexecuted order book of ₹5,246 crore
• Inquiries under negotiation worth over ₹18,000 crore
• New order inflow of ₹665 crore in Q1 FY26

Market Position and Future Outlook

TARIL has positioned itself as a prominent player in the transformer manufacturing sector, with a global footprint spanning over 25 countries. The company's diverse product range and strategic initiatives are expected to drive its growth towards the $1 billion revenue target.

Satyen Mamtora, Managing Director of TARIL, expressed confidence in the company's trajectory, citing improvements in operational efficiency and process optimization. He also noted strong growth in the order pipeline from utilities, infrastructure, and industrial sectors.

As TARIL embarks on this ambitious journey, the company's recent performance and strategic initiatives provide a solid foundation for its future growth plans. Investors and industry observers will be keenly watching the company's progress towards its $1 billion revenue goal in the coming years.