Business Update Neutral

2026-11-06 15:08

Concall Schedule Concall Date: 18th and 19th November, 2026 Concall Time: Not specified - Senior management of Transformers and Rectifiers (India) Limited will be meeting a group of investors in Singapore as part of a Non-Deal Roadshow (NDR) organized by Nuvama Institutional Equities. - The meetings will be held in person.

Business Update Neutral

2026-11-06 15:03

Concall Schedule Concall Date: 18th and 19th November, 2026 Concall Time: As per schedule - Transformers And Rectifiers (India) Limited announced a Non-Deal Roadshow (NDR) with investors in Singapore. - Senior management will participate in one-on-one meetings organized by Nuvama Institutional Equities.

Business Update Neutral

2026-11-06 14:43

Concall Schedule Concall Date: 16th and 17th November, 2026 Concall Time: Not Specified

Business Update Neutral

2026-11-06 14:38

Concall Schedule Concall Date: 16th and 17th November, 2026 Concall Time: Not Specified

Business Update Neutral

2026-11-03 16:44

Concall Schedule Concall Date: 25th November 2026 Concall Time: Not specified Details: In-person management interaction and plant visit in Ahmedabad as part of Citi's 2026 India Industrials Investor Tour.

Business Update Neutral

2026-11-03 16:42

Concall Schedule Concall Date: 25th November 2026 Concall Time: In-person meeting during Citi’s 2026 India Industrials Investor Tour in Ahmedabad

Business Update Positive

2026-10-27 11:25

Business Update: Transformers and Rectifiers (India) Ltd announced an investment of ₹1,250 crore to establish three greenfield manufacturing plants at Chiyada, Gujarat. - The plants will manufacture critical transformer components: Bushings up to 800 kV, Pressboard & Insulation Materials, and Continuously Transposed Conductors (CTC). - Commercial operations are expected to begin in Q1 FY2027-28, with an annual revenue potential of ~₹2,000 crore and creation of 1,000+ direct jobs.

Business Update Positive

2026-10-27 11:23

- Transformers and Rectifiers (India) Limited announced a Rs. 1,250 crore investment to establish three greenfield manufacturing plants at Chiyada, Gujarat. - The plants will produce Bushings, Pressboard & Insulation Materials, and Continuously Transposed Conductors (CTC). - Commercial operations are expected to begin in Q1 FY2027-28, generating an annual revenue potential of ~Rs. 2,000 crore and creating 1,000+ direct jobs.

Business Update Positive

2026-10-21 23:49

Order Book & Inflows - Unexecuted order book stood at ₹7,237 Cr as of September 30, 2026 (up 32% YoY), executable over the next 18-24 months. - Received Q2 FY27 order inflows of ₹1,169 Cr (up 97% YoY). - Active inquiry pipeline under negotiation stands at ~₹21,000 Cr (80% domestic, 20% exports). - Strategic wins include the first nuclear sector order from NPCIL for Kaiga Units 5 & 6, alongside major orders from MEIL, APTRANSCO, DVC, and GETCO. Management Guidance & Outlook - Reaffirmed FY27 revenue guidance of >25% growth (~₹3,200 Cr) with a 9% to 10% PAT margin. - Maintained long-term target of achieving USD 1 Billion in revenue by late FY29 or early FY30. - Targeting a reduction in net working capital cycle from 154 days to 110-120 days by the end of FY27. Capex & Backward Integration - Changodar expansion (capex ~₹150 Cr) to reach 35,000 MVA capacity, commencing commercial production around Diwali and taking total company capacity to 75,000 MVA. - Backward integration projects (CTC, pressboard, bushings, tanks) progressing as planned, projected to expand margins by 200-300 bps over FY28-FY29. - CTC plant commissioning around Diwali with commercial captive use in Q4 FY27 and third-party sales starting Q1 FY28. Growth Drivers - Robust demand driven by transmission infrastructure, renewables, and domestic/international data center opportunities. - Advancing into HVDC converter transformer manufacturing, expecting commercial qualification in ~18 months. - Established a UK subsidiary in September 2026 to expand customer support and assembly operations in European markets.

Business Update Positive

2026-10-21 23:48

Order Book & Pipeline - Unexecuted order book reached ₹7,237 Cr as of Sep 30, 2026 (up 32% YoY), executable over 18–24 months. - Q2 FY27 order inflows stood at ₹1,169 Cr (up 97% YoY), including maiden entry into the nuclear power sector via NPCIL Kaiga Units 5 & 6. - Total bidding pipeline/inquiries under negotiation stand at ₹21,000 Cr (80% domestic, 20% export). Management Guidance & Outlook - Maintained full-year FY27 guidance of 25%+ revenue growth with a 9%–10% PAT margin. - Reaffirmed target of achieving USD 1 billion in revenue by late FY29 or early FY30. - Backward integration initiatives are expected to expand margins by 200–300 bps progressively from FY28 and FY29. Capacity Expansion & Capex - Changodar expansion (adding capacity to reach 35,000 MVA; ₹150 Cr capex) near completion, with commercial production commencing around Diwali. - Ongoing backward integration projects (CTC, pressboard, tanks, bushings) are funded and progressing on schedule; CTC plant to start commercial production in Q4 FY27. - Qualification for HVDC converter transformer commercial orders is anticipated in ~18 months. Working Capital & Debt - Working capital cycle was at 154 days as of Sep 30, 2026, with internal targets to reduce it to 110–120 days by year-end to turn free cash flow positive. - Total standalone debt stood at ~₹575 Cr with a comfortable Debt-to-Equity ratio of 0.35x.

Business Update Neutral

2026-10-13 21:58

- Audio recording of the Earnings Conference Call held on 13th October, 2026, is now available on the company's website. - The call covered Unaudited Standalone and Consolidated Financial Results for Q2/H1 ended 30th September, 2026.

Business Update Neutral

2026-10-13 21:49

- Audio recording of Earnings Conference Call held on October 13, 2026, is available on the company's website. - The call covered Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026.

Business Update Positive

2026-10-13 16:21

- Q2FY27 Standalone Revenue up 66% YoY to ₹709 Cr; EBITDA surged 205% to ₹114 Cr and PAT jumped 338% to ₹75 Cr. - Order inflow rose 97% YoY to ₹1,169 Cr, taking unexecuted order book to ₹7,237 Cr. - Changodar expansion nears completion; management reiterated on track to achieve FY27 guidance.

Business Update Positive

2026-10-13 16:15

- Q2FY27 Standalone Revenue grew 66% YoY to ₹709 Cr; EBITDA rose 205% YoY to ₹114 Cr (margin at 16.1%). - PAT surged 338% YoY to ₹75 Cr. - Q2 order inflow up 97% YoY to ₹1,169 Cr; unexecuted order book reached ₹7,237 Cr. - Management confirmed being on track to achieve FY27 guidance.

Financials Positive

2026-10-13 16:10

Q2 FY27 Consolidated Revenue ₹739.44Cr vs ₹460.03Cr (▲61% YoY) EBITDA ₹128.77Cr vs ₹51.52Cr (▲150% YoY) PAT ₹81.38Cr vs ₹37.35Cr (▲118% YoY) EBITDA Margin 17.41% vs 11.20% (▲621bps)

Financials Positive

2026-10-13 16:04

Q2 FY27 Consolidated Revenue ₹739.44Cr vs ₹460.03Cr (▲61% YoY) EBITDA ₹128.77Cr vs ₹51.52Cr (▲150% YoY) PAT ₹81.38Cr vs ₹37.35Cr (▲118% YoY) EBITDA Margin 17.41% vs 11.20% (▲621bps)

Business Update Positive

2026-10-13 15:49

- Consolidated Revenue rose 61% YoY to ₹739 Cr; EBITDA increased 119% YoY to ₹129 Cr; PAT up 117% to ₹81 Cr in Q2 FY27. - Unexecuted order book stood at ₹7,237 Cr (up 32% YoY) with ₹21,000 Cr inquiries under negotiation. - Expanded capacity supports revenue potential of ₹5,000–6,000 Cr.

Financials Positive

2026-10-13 15:44

Q2 FY27 Consolidated Revenue ₹739.44Cr vs ₹460.03Cr (▲61% YoY) EBITDA ₹128.77Cr vs ₹51.52Cr (▲150% YoY) PAT ₹81.38Cr vs ₹37.35Cr (▲118% YoY) EBITDA Margin 17.4% vs 11.2% (▲621bps)

Financials Neutral

2026-10-13 15:39

Q2 FY27 Consolidated Revenue ₹739.44Cr vs ₹460.03Cr (▲61% YoY) EBITDA ₹128.77Cr vs ₹51.52Cr (▲150% YoY) PAT ₹81.38Cr vs ₹37.35Cr (▲118% YoY) EBITDA Margin 17.4% vs 11.2% (▲621bps)

Financials Positive

2026-10-13 15:38

Q2 FY27 Consolidated Revenue ₹739.44Cr vs ₹460.03Cr (▲61% YoY) EBITDA ₹128.77Cr vs ₹51.52Cr (▲150% YoY) PAT ₹81.38Cr vs ₹37.35Cr (▲118% YoY) EBITDA Margin 17.41% vs 11.20% (▲621bps)

Business Update Neutral

2026-10-06 17:20

Concall Schedule Concall Date: 13th October, 2026 Concall Time: 05:00 PM IST

Business Update Neutral

2026-10-06 17:18

Concall Schedule Concall Date: 13th October, 2026 Concall Time: 05:00 p.m. (IST)

Governance Neutral

2026-10-06 12:57

- Board Meeting scheduled on Tuesday, 13th October, 2026 to approve Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended 30th September, 2026. - Trading window to open on 16th October, 2026 for insiders/designated persons.

Business Update Positive

2026-10-02 16:33

Order Win: Transformers And Rectifiers (India) Limited won a large order from Gujarat Energy Transmission Corporation Limited (GETCO) Order Value: ₹100 Cr to ₹500 Cr (Large Order category) Completion Timeline: 24 to 30 months

Business Update Positive

2026-10-02 16:31

Order Win: Transformers and Rectifiers (India) Ltd won order from Gujarat Energy Transmission Corporation Limited (GETCO) Order Value: ₹100 Cr to ₹500 Cr (Large Order) Completion Timeline: 24 to 30 Months

Business Update Positive

2026-10-02 10:54

Order Win: Transformers and Rectifiers (India) Ltd won an order from Damodar Valley Corporation Order Value: ₹100 Cr to ₹500 Cr (Classified as Large Order) Completion Timeline: 15 to 28 Months Nature of Order: Manufacturing and supply of 500MVA and 200 MVA Auto Transformers and related work.

Business Update Positive

2026-10-02 10:54

Order Win: Transformers And Rectifiers (India) Limited won an order from Damodar Valley Corporation Order Value: Large Order (₹100 Cr to ₹500 Cr) Completion Timeline: 15 to 28 Months Nature of Order: Manufacturing and supply of 500MVA and 200 MVA Auto Transformers and related work.

Governance Neutral

2026-09-29 09:45

- Transformers and Rectifiers (India) Ltd announced the voting results of the Postal Ballot concluded on 28th September 2026. - The special resolution regarding the variation and reallocation of QIP proceeds utilization and revision in timeline was passed with the requisite majority (99.9917% votes in favour).

Governance Neutral

2026-09-29 09:45

- Transformers And Rectifiers (India) Limited submitted the voting results and scrutinizer's report for the Postal Ballot concluded on September 28, 2026. - The special resolution regarding the variation/reallocation in utilization of Qualified Institutions Placement (QIP) proceeds and revision in utilization timeline was passed with the requisite majority. - The resolution received 99.99% favorable votes from the total votes polled.

Routine Neutral

2026-09-28 08:48

- Transformers And Rectifiers (India) Limited has intimated the closure of the trading window for dealing in company securities. - The trading window remains closed from 1st October, 2026 until 48 hours after the declaration of unaudited standalone and consolidated financial results for the quarter and half year ending 30th September, 2026. - The closure applies to all designated persons, their immediate relatives, and other insiders as per PIT Regulations.

Routine Neutral

2026-09-28 08:47

- Trading window for dealing in company securities will remain closed from 1st October, 2026. - Closure is pursuant to SEBI (PIT) Regulations, 2015 for financial results for the quarter and half year ending 30th September, 2026. - The window reopens 48 hours after the declaration of financial results.

Governance Neutral

2026-09-21 17:25

- The 32nd Annual General Meeting (AGM) of Transformers and Rectifiers (India) Limited was held on Monday, September 21, 2026. - All four Ordinary Resolutions as set out in the Notice of the AGM, including adoption of financial statements, declaration of dividend, appointment of director, and ratification of cost auditor remuneration, were passed by the shareholders with requisite majority.

Governance Positive

2026-09-21 15:00

- The 32nd Annual General Meeting (AGM) was held on Monday, 21st September, 2026, at 11:00 a.m. via Video Conferencing/OAVM. - Resolutions included the adoption of audited financial statements for FY26 (standalone and consolidated). - A dividend of 25% (₹0.25/- per equity share) was declared. - Mr. Satyen J. Mamtora was re-appointed as a Director. - Remuneration payable to the Cost Auditor for FY27 was ratified.

Business Update Neutral

2026-09-15 17:17

- Transformers and Rectifiers (India) Limited management will meet a group of investors in Ahmedabad as part of JP Morgan's India Conference Industrials Tour. - Only publicly available documents will be referred to, and no unpublished price sensitive information (UPSI) will be discussed.

Business Update Neutral

2026-09-15 17:15

- Transformers and Rectifiers (India) Limited will meet a group of investors in Ahmedabad for an in-person management interaction as part of JP Morgan's India Conference Industrials Tour. - The company states no unpublished price sensitive information (UPSI) will be discussed.

Business Update Neutral

2026-09-14 18:53

- Intimation of Investor Meeting: Transformers and Rectifiers (India) Limited's management will meet a group of investors. - Meeting hosted by Goldman Sachs in Ahmedabad. - No Unpublished Price Sensitive Information (UPSI) will be discussed.

Business Update Neutral

2026-09-14 18:51

- Investor Meeting Schedule: Company management will hold an in-person interaction with a group of investors in Ahmedabad, hosted by Goldman Sachs. - Note: The schedule is indicative and subject to change, and no Unpublished Price Sensitive Information (UPSI) is intended to be discussed.

Business Update Positive

2026-09-10 16:24

- Transformers and Rectifiers (India) Limited has incorporated Maxwell Grid Transformers (UK) Private Limited, a subsidiary company in the United Kingdom. - This follows the approval for investment intimated on August 27, 2026.

Business Update Positive

2026-09-10 16:23

- Transformers and Rectifiers (India) Limited announced the incorporation of its subsidiary, Maxwell Grid Transformers (UK) Private Limited, in the United Kingdom, following prior approval for investment.

Business Update Positive

2026-08-31 12:28

- Order Win: Transformers and Rectifiers (India) Limited (TARIL) secured a landmark order for Generator Transformers from NPCIL for Kaiga Units 5 & 6 nuclear power project (received via MEIL). - Details: This marks TARIL's strategic entry into India's nuclear power sector, supporting 1,400 MW nuclear generation capacity.

Business Update Positive

2026-08-31 12:27

- Order Win: Transformers and Rectifiers (India) Limited (TARIL) secured a landmark order from Megha Engineering and Infrastructures Limited (MEIL) for the supply of Generator Transformers for NPCIL's Kaiga Units 5 & 6 nuclear power project. The order marks TARIL's strategic entry into India's nuclear power sector and will support 1,400 MW nuclear generation capacity.

Business Update Positive

2026-08-29 21:30

- Order Win: Transformers and Rectifiers (India) Limited (TARIL) secured a landmark order from Nuclear Power Corporation of India Limited (NPCIL). - Details: The order is for Super Generator Transformers and Reactors for NPCIL's Kaiga Units 5 & 6 nuclear power project (two 700 MWe PHWRs) in Karnataka. - Significance: This marks TARIL's strategic entry into India's nuclear power sector. - Order Value: Not specified in the filing. - Completion Timeline: Not specified in the filing.

Business Update Positive

2026-08-29 21:29

- Order Win: Transformers and Rectifiers (India) Limited (TARIL) secured a landmark order from Nuclear Power Corporation of India Limited (NPCIL). - Order Details: The order is for the supply of Generator Transformers for the Kaiga Units 5 & 6 nuclear power project in Karnataka, marking TARIL's strategic entry into India's nuclear power sector. - Order Value: Not specified in the filing. - Completion Timeline: Not specified in the filing.

Business Update Positive

2026-08-29 16:53

- Filing of Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26, pursuant to Regulation 34(2)(f) of SEBI LODR, 2015. - Highlights 33.33% female representation on the Board of Directors. - Reports 0 complaints pending for resolution under any principles of BRSR. - Worker turnover rate reduced from 4.36% to 2.45% in FY26, indicating improved retention.

Business Update Neutral

2026-08-29 16:50

- Filing of Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, as per Regulation 34(2)(f) of SEBI (LODR) Regulations, 2015. - The report indicates 33.33% female representation on the Board of Directors. - Zero complaints were pending for resolution under any BRSR principles. - Worker turnover rate reduced from 4.36% in FY 2024-25 to 2.45% in FY 2025-26, indicating improved retention.

Governance Neutral

2026-08-29 16:09

- The 32nd Annual General Meeting (AGM) will be held on Monday, 21st September, 2026 at 11:00 a.m. (IST). - The Record Date for dividend for FY 2025-26 (if declared) is Friday, 18th September, 2026. - The cut-off date for e-voting is Monday, 14th September, 2026. - Book Closure period is from 19th to 21st September, 2026. - Dividend, if declared, will be paid before 20th October, 2026.

Governance Neutral

2026-08-29 16:07

- 32nd AGM on Monday, 21st September, 2026 at 11:00 a.m. (IST). - Record Date for Dividend: Friday, 18th September, 2026. - Book Closure: Saturday, 19th September, 2026 to Monday, 21st September, 2026. - Dividend for FY 2025-26, if declared, will be paid before 20th October, 2026.

Business Update Positive

2026-08-29 14:26

- Order Win: Transformers and Rectifiers (India) Ltd won an order from Megha Engineering and Infrastructures Limited (MEIL) - Order Value: Between ₹100 Cr and ₹500 Cr (classified as 'Large Orders') - Completion Timeline: Within 35 months

Business Update Positive

2026-08-29 14:25

- Order Win: Transformers and Rectifiers (India) Ltd (TARIL) won an order from Megha Engineering and Infrastructures Limited (MEIL) - Order Value: Between Rs. 100 Cr and Rs. 500 Cr (classified as 'Large Orders') - Completion Timeline: Within next 35 months - Nature of Order: Manufacturing of Transformers and related work

Governance Negative

2026-08-29 14:03

CRITICAL RED FLAG DETECTED

- Postal Ballot to approve variation/reallocation of Qualified Institutions Placement (QIP) proceeds totaling ₹5,000 million and revise the utilization timeline to March 31, 2027. - The reallocation addresses a reported deviation where over 25% of gross QIP proceeds were utilized for General Corporate Purposes, not aligning with the original Placement Document objects. - E-voting period is from August 30, 2026, to September 28, 2026, with results announced by September 29, 2026.

Governance Negative

2026-08-29 14:01

CRITICAL RED FLAG DETECTED

- The company is seeking shareholder approval via Postal Ballot for the variation/reallocation of ₹5,000.00 million Qualified Institutions Placement (QIP) proceeds and revision of its utilization timeline to March 31, 2027. - A monitoring agency reported a deviation, noting over 25% of QIP funds were used for General Corporate Purposes, not aligning with the original placement document. - E-voting runs from August 30, 2026, to September 28, 2026.

Governance Neutral

2026-08-29 11:14

- Intimation of Postal Ballot to seek shareholder approval for variation/reallocation in utilization of Qualified Institutions Placement (QIP) proceeds and revision in utilization timeline. - E-voting period: August 30, 2026 to September 28, 2026. - Result declaration by September 30, 2026.

Governance Neutral

2026-08-29 11:14

- Intimation of Postal Ballot to seek shareholder approval for variation/reallocation of Qualified Institutions Placement (QIP) proceeds and revision in utilization timeline. - Mr. Tapan Shah appointed as Scrutinizer. - E-voting period from August 30, 2026, to September 28, 2026, with results declared by September 30, 2026.

Governance Positive

2026-08-27 13:53

- Board Meeting on August 27, 2026, approved re-allocation of unutilized QIP proceeds, pending shareholder approval via postal ballot. - Approved the incorporation of a 51% owned subsidiary in the United Kingdom, Maxwell Grid Transformers (UK) Private Limited, with an investment of GBP 10 million, to engage in transformer manufacturing and trading.

Business Update Positive

2026-08-27 13:53

- Board meeting on Aug 27, 2026, approved reallocation of unutilized QIP proceeds (subject to postal ballot). - Approved incorporation of a 51% owned subsidiary in the UK, Maxwell Grid Transformers (UK) Private Limited, with an investment of up to GBP 10 million, to manufacture and trade transformers.

Business Update Neutral

2026-08-17 22:06

- Concall Schedule - Concall Date: Thursday, 20 August, 2026 - Event: Kotak Manufacturing Forum 2026 (In person interaction with Investors/Analysts)

Business Update Neutral

2026-08-17 22:04

- Concall Schedule - Concall Date: Thursday, 20 August, 2026 - Interaction: Kotak Manufacturing Forum 2026 - Mode: In person

Business Update Positive

2026-08-14 10:46

- Order Win: Transformers and Rectifiers (India) Limited (TARIL) received a Letter of Intent from Transmission Corporation of Andhra Pradesh Limited (APTRANSCO) for manufacturing transformers and related work. - Order Value: Classified as a 'Large Order', indicating a value between ₹100 Cr and ₹500 Cr. - Completion Timeline: Scheduled for delivery within the next 13 months.

Business Update Positive

2026-08-14 10:46

- Order Win: Transformers and Rectifiers (India) Ltd received a Letter of Intent (LOI) from Transmission Corporation of Andhra Pradesh Limited (APTRANSCO) for manufacturing of transformers and related work. - Order Value: Classified as "Large Orders" (₹100 Cr to ₹500 Cr). - Completion Timeline: Scheduled for delivery within the next 13 months.

Business Update Neutral

2026-08-07 09:35

- Investor Meeting Schedule - Meeting Date: Thursday, 13 August, 2026 - Event: Emkay Confluence 2026 (In person) - Location: Grand Hyatt, Kalina, Mumbai

Business Update Neutral

2026-08-07 09:35

- Concall Schedule - Concall Date: Thursday, 13 August, 2026 - Call Details: Interaction with Investors/Analysts at Emkay Confluence 2026, Grand Hyatt, Kalina, Mumbai (In person). No UPSI will be discussed.

Governance Neutral

2026-08-04 11:56

- The company received an order dated August 3, 2026, from the Registrar of Companies, Gujarat, granting an extension of time to hold its 32nd Annual General Meeting for the financial year ended March 31, 2026. - The date of the AGM will be intimated later.

Governance Neutral

2026-08-04 11:55

- Company received an order dated August 3, 2026, from the Registrar of Companies granting an extension of time to hold its 32nd Annual General Meeting for the financial year ended March 31, 2026. - The date of the AGM will be intimated later.

Business Update Positive

2026-07-25 13:49

- Consolidated Q1FY27 Revenue at ₹572 crores, EBITDA at ₹110 crores (margin 19.2%), and PAT at ₹64 crores. - Unexecuted Order Book as of June 30, 2026, stood at ₹6,630 crores (▲26% YoY), providing 18-24 months revenue visibility. - Q1FY27 order inflow of ₹2,114 crores (▲218% YoY), including a major PGCIL order over ₹1,000 crores. - FY27 guidance: 25% revenue growth, 16% standalone EBITDA margin, and 9-10% standalone PAT margin. Consolidated EBITDA margin expected at 19-21%. - Targeting $1 billion (~₹8,000 crores) revenue by FY28-FY29. - Backward integration projects (total capex ₹900-1,000 crores) expected to add 200-300 bps to margins from FY28 and generate ₹800-1,000 crores additional revenue. - Q1FY27 revenue growth was impacted by lower capacity utilization at the Changodar facility due to expansion, with utilization expected to improve from Q3 FY27. - Debt-to-equity at 0.3x and debt-to-EBITDA at 1.1x (FY26), with no plans to significantly increase debt for capex.

Business Update Positive

2026-07-25 13:48

- Q1 FY27 Consolidated Revenue from operations stood at INR572 crores, with a 10% YoY growth. - EBITDA for Q1 FY27 was INR110 crores, with an EBITDA margin of 19.2%. - PAT for Q1 FY27 was INR64 crores. - Unexecuted Order Book as of June 30, 2026, was INR6,630 crores (▲26% YoY), providing 18-24 months of revenue visibility. - Q1 FY27 order inflow was INR2,114 crores (▲218% YoY), including a mega order from PGCIL above INR1,000 crores. - FY27 guidance includes 25% revenue growth, 16% EBITDA margin (standalone, consolidated expected 20-21%), and 9-10% PAT margin. - Backward integration projects (CTC, Pressboard, Bushings, Fabrication) are underway with commissioning expected from Q2 FY27 to Q1 FY28, aiming for 200-300 bps margin improvement from FY28. - Targeting $1 billion (approx. INR8,000 crores) revenue by FY28-FY29. - Temporary lower capacity utilization at Changodar in Q1 FY27 due to ongoing expansion, with improvement expected from Q3 FY27. - Debt levels are comfortable with a debt-to-equity ratio of ~0.3x and debt-to-EBITDA of ~1.1x.

Business Update Neutral

2026-07-21 19:43

- Audio recording of the Earnings Conference Call held on July 21, 2026, for Q1 FY2026-27 financial results is available on the company website. - The recording discusses Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.

Business Update Neutral

2026-07-21 19:42

- Audio recording of the Earnings Conference Call held on 21st July, 2026, is available. - The call discussed the Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June, 2026. - The recording can be accessed on the company's website.

Business Update Neutral

2026-07-21 18:21

- Audio recording of the Earnings Conference Call held on July 21, 2026, to discuss Q1 FY2026-27 Unaudited Standalone and Consolidated Financial Results is available online.

Business Update Neutral

2026-07-21 18:16

- Audio recording of the Earnings Conference Call held on July 21, 2026, to discuss Q1 FY2026-27 financial results is available on the company's website.

Financials Positive

2026-07-20 19:28

- Consolidated Revenue ₹572.34 Cr vs ₹529.33 Cr (▲8.12% YoY) - EBITDA ₹93.34 Cr vs ₹88.19 Cr (▲5.84% YoY) - PAT ₹64.29 Cr vs ₹67.46 Cr (▼4.69% YoY) - EBITDA Margin 16.31% vs 16.66% (▼35 bps)

Financials Positive

2026-07-20 19:27

- Consolidated Revenue ₹572.34 Cr vs ₹529.33 Cr (▲8.1% YoY) - EBITDA ₹109.65 Cr vs ₹88.19 Cr (▲24.3% YoY) - PAT ₹64.34 Cr vs ₹67.46 Cr (▼4.6% YoY) - EBITDA Margin 19.16% vs 16.66% (▲250 bps) - Record order inflows of ₹2,114 Cr (▲218% YoY) - Record unexecuted order book of ₹6,630 Cr (▲26% YoY) - Capacity expansion at Changodar and backward integration projects progressing as planned, expected to be completed by August 2026.

Financials Neutral

2026-07-20 18:14

- Consolidated Revenue ₹572.34Cr vs ₹529.33Cr (▲8.12% YoY) - EBITDA ₹93.34Cr vs ₹88.19Cr (▲5.84% YoY) - PAT ₹61.52Cr vs ₹67.35Cr (▼8.66% YoY) - EBITDA Margin 16.31% vs 16.66% (▼35bps)

Financials Neutral

2026-07-20 18:08

- Consolidated Revenue ₹572.34Cr vs ₹529.33Cr (▲8.1% YoY) - EBITDA ₹93.34Cr vs ₹88.19Cr (▲5.8% YoY) - PAT ₹64.29Cr vs ₹67.46Cr (▼4.7% YoY) - EBITDA Margin 16.31% vs 16.66% (▼35bps)

Financials Negative

2026-07-20 17:59

- Consolidated Revenue ₹572.34Cr vs ₹529.33Cr (▲8.12% YoY) - EBITDA ₹93.34Cr vs ₹88.19Cr (▲5.84% YoY) - PAT ₹64.29Cr vs ₹67.46Cr (▼4.70% YoY) - EBITDA Margin 16.31% vs 16.66% (▼35bps)

Business Update Neutral

2026-07-16 17:50

- Concall Schedule - Concall Date: 21st July, 2026 - Concall Time: 04:00 p.m. (IST)

Business Update Neutral

2026-07-16 17:46

- Concall Schedule - Concall Date: 21st July, 2026 - Concall Time: 04:00 p.m. (IST)

Governance Neutral

2026-07-15 11:28

- Filing of Reconciliation of Share Capital Audit Report for the quarter ended 30th June, 2026, pursuant to Regulation 76 of SEBI (Depositories and Participants) Regulations, 2018. - Total Issued Equity Share Capital is 30,01,65,834 shares with a face value of ₹1/- per share. - The Register of Members is updated, and there are no pending demat/remat requests. - Mr. Rajendra S. Shah has been re-appointed as an Independent Director for a second term of 5 years, from May 25, 2026, to May 24, 2031.

Routine Neutral

2026-07-13 21:21

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Routine Neutral

2026-07-13 21:18

New Filing detected. See link for details.

Financials Neutral

2026-07-13 16:54

- Board Meeting on Monday, 20th July, 2026, to consider and approve Unaudited Standalone and Consolidated Financial Results for the quarter ended 30th June, 2026. - Trading Window for dealing in securities will open from 23rd July, 2026.

Business Update Positive

2026-06-30 14:30

- Order Win: Transformers and Rectifiers (India) Limited won an order from Power Grid Corporation of India Limited (PGCIL) - Order Value: ₹1000 Cr and above (Ultra Mega Order) - Completion Timeline: Within next 30 months

Business Update Positive

2026-06-30 14:28

- Order Win: Transformers and Rectifiers (India) Limited won order from Power Grid Corporation of India Limited - Order Value: ₹1000 Cr and above (Ultra Mega Order) - Completition Timeline: Next 30 months

Routine Neutral

2026-06-26 15:38

- Trading window for dealing in company securities closed from July 1, 2026. - Closure is until 48 hours after the declaration of Unaudited Standalone and Consolidated Financial Results for the quarter ending on June 30, 2026. - The date of the Board Meeting for considering these results will be intimated in due course.

Routine Neutral

2026-06-26 15:38

- Trading window closed from July 1, 2026, until 48 hours after the declaration of Unaudited Financial Results for the quarter ended June 30, 2026. - This is in compliance with SEBI (Prohibition of Insider Trading) Regulations. - The date of the Board Meeting for considering results will be intimated later.

Governance Positive

2026-05-23 11:32

Transformers and Rectifiers (India) Limited announced the results of its postal ballot. Shareholders approved the special resolution for the re-appointment of Mr. Rajendra S. Shah as an Independent Director for a second term of five years, from May 25, 2026, to May 24, 2031. The resolution passed with 92.61% of total votes cast in favour.

Governance Neutral

2026-05-23 11:32

Transformers and Rectifiers (India) Limited announced the successful re-appointment of Mr. Rajendra S. Shah (DIN: 00061922) as an Independent Director for a second term of 5 years, effective from May 25, 2026, to May 24, 2031. The special resolution was passed through a postal ballot, with 92.61% of the total polled votes cast in favour of the re-appointment. The e-voting process concluded on May 22, 2026, and the resolution was declared passed.

Governance Neutral

2026-05-22 09:57

Transformers and Rectifiers (India) Limited submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, on May 22, 2026. The Company Secretary confirmed that the company has generally complied with all material provisions of applicable SEBI Regulations and circulars/guidelines. The report noted no actions taken against the company by SEBI or Stock Exchanges and no additional non-compliance observations.

Business Update Positive

2026-05-22 08:59

Order Win: Transformers and Rectifiers (India) Limited won an order from Gujarat Energy Transmission Corporation Limited (GETCO) for 6 Transformers and 2 Reactors. Order Value: ₹228.26 Crore. Completion Timeline: Delivery on or before August 2028.

Business Update Positive

2026-05-22 08:57

Order Win: Transformers and Rectifiers (India) Limited won an order from Gujarat Energy Transmission Corporation Limited (GETCO) for 6 Transformers and 2 Reactors. Order Value: ₹228.26 Cr. Completion Timeline: On or before August 2028.

Business Update Positive

2026-05-19 11:54

Order Win: Transformers and Rectifiers (India) Limited secured an order worth ₹175 Crore from Bhanwariya Infra Projects Private Limited (for 400/220 KV GSS Kumher, Bharatpur, RRVPNL and 400/220 KV GSS Amber, Jaipur, RRVPNL). The order includes 4 Transformers and 5 Reactors, with delivery scheduled on or before March 2028.

Financials Positive

2026-04-27 09:12

Consolidated Revenue ₹783Cr vs ₹737Cr (▲6.24% YoY). For Q4 FY26, Consolidated EBITDA was ₹141Cr and PAT was ₹91Cr, with an EBITDA Margin of 18.01%.

Business Update Positive

2026-04-27 09:04

Transformers and Rectifiers (India) Limited secured an export order of USD 16,258,352/- (approx. ₹150 Crore) for 5 Nos of Transformers from PDC AK LPIV, LLC. The delivery is scheduled by mid-2027.

Governance Neutral

2026-04-22 16:16

Notice of Postal Ballot for the re-appointment of Mr. Rajendra S. Shah as an Independent Director for a second 5-year term from May 25, 2026, to May 24, 2031. E-voting will commence on April 23, 2026, and conclude on May 22, 2026, with results by May 23, 2026.

Governance Neutral

2026-04-22 12:39

Transformers and Rectifiers (India) Limited announced a Postal Ballot to approve the re-appointment of Mr. Rajendra S. Shah as an Independent Director for a second 5-year term from May 25, 2026. E-voting commences on April 23, 2026, and concludes on May 22, 2026.

Financials Positive

2026-04-22 10:32

Q4 Revenue reported at ₹752Cr vs ₹648.28Cr (▲16% YoY). Q4 PAT stood at ₹77Cr. YoY growth for PAT and all EBITDA figures for the quarter were not explicitly provided.

Business Update Neutral

2026-04-21 17:49

Transformers and Rectifiers (India) Ltd informed about the availability of the audio recording of its Earning Conference Call held on 21st April, 2026. The call discussed the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended 31st March, 2026.

Financials Positive

2026-04-21 16:06

Standalone Revenue ₹2,395Cr vs ₹1,950Cr (▲22.8% YoY), EBITDA ₹370Cr vs ₹320Cr (▲15.6% YoY), PAT ₹225Cr vs ₹187Cr (▲20.3% YoY) for FY26 compared to FY25. EBITDA Margin 15.4% vs 16.4% (▼100bps).

Governance Positive

2026-04-21 16:00

Board Meeting on April 21, 2026, approved financial results for Q4/FY ended March 31, 2026, and recommended a dividend of Re.0.25/- per equity share. The re-appointment of Mr. Rajendra S. Shah as Independent Director for 5 years was also approved.

Financials Neutral

2026-04-21 16:00

Standalone Revenue ₹752.33Cr vs ₹647.31Cr (▲16.22% YoY), EBITDA ₹94.48Cr vs ₹107.03Cr (▼11.66% YoY), PAT ₹77.47Cr vs ₹76.59Cr (▲1.15% YoY). EBITDA Margin 12.56% vs 16.53% (▼397bps). Board also recommended a dividend of ₹0.25 per equity share.

Financials Neutral

2026-04-18 23:16

Transformers and Rectifiers (India) Ltd announced an earnings conference call on April 21, 2026, at 4:00 PM IST, to discuss its Q4 and full-year financial results ended March 31, 2026.

TARIL

Transformers And Rectifiers (India) Limited

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