Transformers and Rectifiers (India) Ltd

Transformers & Rectifiers FY26 Update 📊: Order Book Hits ₹5,005 Cr, Revenue Growth at 22.8%

• Order book as of March 31, 2026: ₹5,005 crores

• New orders in Q4 FY26: ₹698 crores (exports: ₹161 crores)

• Received landmark order from PGCIL for repairing HVDC transformer

• Installed capacity: ~75,000 MVA across units

• New capacity additions: 15,000 MVA at Changodar plant, 22,000 MVA planned at Moraiya

• Backward integration facilities targeting 100% integration by Q1 FY28

• Standalone FY26 revenue: ₹2,395 crores (22.8% growth from ₹1,950 crores in FY25)

• Consolidated FY26 revenue: ₹2,508.80 crores (24.2% growth from ₹2,019.38 crores in FY25)

• Standalone EBITDA margin: 15.4% in FY26

• Standalone PAT margin: 9.4% in FY26

• Consolidated PAT margin: 10.6% in FY26

• Aiming to achieve US$ 1 billion revenue in next 3 financial years