Transformers and Rectifiers share price jumps 14% after Q2 profit surges 135% | What should investors do next?
TARIL share price today: Transformers and Rectifiers (India) share price jumped 14% on Wednesday, 14 October, after the company reported a sharp rise in its September-quarter earnings, supported by strong revenue growth, improved operating margins and an exceptional gain.
The transformer manufacturer posted a 135% year-on-year (YoY) increase in consolidated net profit to ₹79.8 crore in Q2FY27, compared with ₹33.9 crore in the corresponding quarter of the previous financial year. The reported profit included an exceptional gain of ₹131.5 crore.
Revenue from operations rose 60.7% YoY to ₹739.4 crore in the July–September quarter, against ₹460 crore a year earlier, reflecting strong business momentum.
Operating performance also improved significantly. Earnings before interest, tax, depreciation and amortisation (EBITDA) more than doubled to ₹128.8 crore from ₹58.9 crore in the year-ago quarter. EBITDA margin expanded to 17.4% from 12.8%, indicating better operating efficiency.
The company reported an order inflow of ₹1,169 crore in Q2FY27, registering 97% YoY growth. Its unexecuted order book stood at ₹7,237 crore as of 30 September 2026, up 32% from a year earlier. The existing order book is expected to be executed over the next 18–24 months, providing revenue visibility.
The company also has an inquiry pipeline of approximately ₹21,000 crore under negotiation. Its historical order win ratio remains between 10% and 15%. Around 80% of the current bidding pipeline comprises domestic opportunities, while the remaining 20% relates to export markets, with opportunities spread across government and private-sector customers in utility and industrial segments.
During the quarter, Transformers and Rectifiers successfully completed dynamic short-circuit testing on three transformer units. The milestone validates the products' ability to withstand extreme electrical and mechanical stresses under fault conditions in line with stringent international standards.
Meanwhile, the manufacturing expansion at Changodar is nearing completion, with commercial production expected to begin around Diwali. The additional capacity is expected to help the company execute its growing order book and pursue further business opportunities.
Satyen Mamtora, Managing Director and CEO of Transformers and Rectifiers, said the company's Q2FY27 performance strengthened its confidence in the growth outlook, supported by order inflows, improving capacity utilisation and progress on expansion projects.
He added that the existing order book provides comfortable revenue visibility, while the Changodar expansion will improve the company's ability to address a larger opportunity pipeline.
The company is also expanding its international customer engagement through its UK subsidiary, particularly in the US and European markets.
Mamtora highlighted the company's entry into the nuclear power sector through the Nuclear Power Corporation of India (NPCIL) Kaiga Units 5 and 6 project. Recent orders from Damodar Valley Corporation (DVC) and Gujarat Energy Transmission Corporation Limited (GETCO) further reflect customer confidence in its engineering and manufacturing capabilities, he said.
Looking ahead, the company plans to invest in manufacturing capacity, technology and backward integration to capitalise on India's growing power infrastructure requirements and support sustainable long-term growth.
TARIL share price today opened at ₹334.35 apiece on the BSE; the stock touched an intraday high of ₹355 apiece and an intraday low of ₹332.10 per share.
Rajesh Bhosale, Technical Analyst at My Advisor Alpha, said the stock witnessed a strong gap-up opening, followed by sustained buying, with the morning rally accompanied by heavy volumes. He expects the positive momentum to continue and recommends holding positions with a 3–4-month investment horizon. On the upside, the stock could extend its rally towards ₹380, while the bullish gap around ₹320 is likely to act as a key support level, he added.
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HomeMarketsStock MarketsTransformers and Rectifiers share price jumps 14% after Q2 profit surges 135% | What should investors do next?
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