Transformers and Rectifiers (India) Ltd
Transformers and Rectifiers (India) Q2 FY27 Standalone Net Profit Up to Rs. 75.01 Crore
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 13 Oct 2026, 03:41 PM IST · BSE ID: a64107f5-88ed-41a5-b36e-81fdef2de01b
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's standalone profit jumped significantly in the last three months, with higher sales and improved efficiency.
🤖 AI Summary
- Standalone net profit for Q2 FY27 was Rs. 75.01 Crore, an increase from Rs. 16.80 Crore in Q2 FY26.
- Revenue from operations in Q2 FY27 increased to Rs. 709.04 Crore from Rs. 428.42 Crore in Q2 FY26.
- Half-year ended 30.09.2026 revenue from operations was Rs. 1,268.32 Crore, up from Rs. 938.95 Crore H1 FY26.
- The company incorporated a subsidiary, Maxwell Grid Transformers (UK) Private Limited, on September 4, 2026.
- Basic Earnings Per Share (EPS) for Q2 FY27 stood at Rs. 2.50, compared to Rs. 0.56 in Q2 FY26.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from Operations (Q2 FY27)
709.04 Rs. in Crore
65.5% YoY
Profit for the period (Q2 FY27)
75.01 Rs. in Crore
346.49% YoY
Basic EPS (Q2 FY27)
2.50 Rs.
346.43% YoY
Revenue from Operations (H1 FY27)
1268.32 Rs. in Crore
35.08% YoY
Profit for the period (H1 FY27)
124.88 Rs. in Crore
62.3% YoY
🏢 How This Affects the Company
Revenue from operations increased, indicating growth in core business activities for manufacturing transformers and rectifiers. The incorporation of a UK subsidiary suggests potential international expansion, although it has not yet commenced operations.
Profit for the period increased significantly both quarter-on-quarter and half-year-on-half-year. This has led to an increase in total equity to Rs. 1,561.67 Crore as of September 30, 2026, from Rs. 1,440.20 Crore as of March 31, 2026.
Capital work-in-progress increased to Rs. 266.23 Crore from Rs. 137.80 Crore, indicating ongoing investment in physical assets and potential capacity expansion. Inventory levels also rose to Rs. 651.24 Crore from Rs. 560.88 Crore.
The incorporation of a new subsidiary in the UK introduces a new entity, which may bring future operational and financial considerations, although it currently has no capital contribution and no operations.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, specifically the increase in basic EPS to Rs. 2.50 for Q2 FY27 from Rs. 0.56 in Q2 FY26.
🔍
Management Signal
The management's decision to incorporate a new UK subsidiary, Maxwell Grid Transformers (UK) Private Limited, indicates a strategic intent towards international market presence.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q3 FY27 results — monitor sustained growth in revenue from operations
Updates on Maxwell Grid Transformers (UK) Private Limited — commencement of operations
Order book updates — assess new contract wins for future revenue visibility
LOW RISK
No significant new risks identified; strong financial performance reported.
💡 Investor Takeaway
Transformers and Rectifiers (India) Ltd. reported standalone revenue from operations of Rs. 709.04 Crore and net profit of Rs. 75.01 Crore for Q2 FY27. Half-year revenue reached Rs. 1,268.32 Crore and profit Rs. 124.88 Crore. The company also incorporated a UK subsidiary.
⚖️ Strengths & Concerns
✅ Positives
- Revenue from Operations for Q2 FY27 was Rs. 709.04 Crore, a 65.5% increase compared to Rs. 428.42 Crore in Q2 FY26.
- Profit for the period in Q2 FY27 reached Rs. 75.01 Crore, a 346.49% increase from Rs. 16.80 Crore in Q2 FY26.
⚠️ Concerns
- Other Income for Q2 FY27 decreased to Rs. 2.80 Crore from Rs. 12.39 Crore in Q2 FY26, a 77.4% decline.
- The newly incorporated UK subsidiary, Maxwell Grid Transformers (UK) Private Limited, has not yet commenced operations or received capital contribution.
📅 Company Track Record
In a prior filing on April 22, 2026, Transformers and Rectifiers (India) Ltd. reported FY26 revenue of Rs. 2,395 Crore, marking a 23% year-on-year increase, and an order book of Rs. 5,005 Crore.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Transformers and Rectifiers (India) Ltd.'s standalone net profit in Q2 FY27?
Transformers and Rectifiers (India) Ltd. reported a standalone net profit of Rs. 75.01 Crore for the quarter ended September 30, 2026.
What was the revenue from operations for Transformers and Rectifiers (India) Ltd. in Q2 FY27?
The revenue from operations for Transformers and Rectifiers (India) Ltd. in Q2 FY27 was Rs. 709.04 Crore.
What was Transformers and Rectifiers (India) Ltd.'s Basic EPS for Q2 FY27?
The Basic Earnings Per Share (EPS) for Transformers and Rectifiers (India) Ltd. in Q2 FY27 was Rs. 2.50.
Has Transformers and Rectifiers (India) Ltd. incorporated any new subsidiaries?
Yes, Transformers and Rectifiers (India) Ltd. incorporated a subsidiary company, Maxwell Grid Transformers (UK) Private Limited, in the United Kingdom on September 4, 2026.
What was the total income for Transformers and Rectifiers (India) Ltd. in the half year ended September 30, 2026?
The total income for Transformers and Rectifiers (India) Ltd. for the half year ended September 30, 2026, was Rs. 1,285.40 Crore.
Questions based on this BSE filing only. For information purposes.