Transformers and Rectifiers (India) Ltd (TARIL) reported a 135 per cent year-on-year rise in consolidated net profit to ₹80 crore for the second quarter of FY27, driven by stronger transformer demand and capacity expansion.
Revenue from operations rose 61 per cent year-on-year to ₹739 crore during the quarter, while order inflows nearly doubled to ₹1,169 crore, a 97 per cent increase from the prior year. TARIL’s unexecuted order book stood at ₹7,237 crore as of September 30, 2026, up 32 per cent year-on-year.
The company expects to execute the existing order book over the next 18 to 24 months, with an inquiry pipeline valued at around ₹21,000 crore. Approximately 80 per cent of opportunities are domestic, while the remainder are exports.
Recent orders include those from Damodar Valley Corporation and Gujarat Energy Transmission Corporation Ltd. TARIL has also entered the nuclear power sector through NPCIL’s Kaiga Units 5 and 6 project.
During the quarter, it completed dynamic short-circuit testing for three transformer units to validate their reliability under fault conditions. TARIL is nearing completion of its transformer manufacturing expansion at Changodar near Ahmedabad, with commercial production expected around Diwali.
CEO Satyen Mamtora highlighted the strong quarterly performance, capacity utilization improvements, and the strategic importance of the Changodar expansion to capture a larger market opportunity. The UK subsidiary is strengthening international engagement, especially in the US and Europe.
TARIL shares closed 3.05 per cent higher at ₹303.80 on the BSE.
