Transformers and Rectifiers (India) Ltd
Transformers and Rectifiers (India) Q2 FY27 PAT up 338% to ₹75.06 crore
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 13 Oct 2026, 04:18 PM IST · BSE ID: 1f0095b3-da18-4840-8c60-20435cd5c99c
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported strong financial results for Q2 FY27 with significantly higher profit and revenue, alongside a growing order book.
🤖 AI Summary
- Standalone PAT for Q2 FY27 increased 338% YoY to ₹75.06 crore from ₹17.13 crore in Q2 FY26.
- Revenue from operations grew 66% YoY to ₹709.04 crore in Q2 FY27 from ₹428.42 crore in Q2 FY26.
- Unexecuted order book as of September 30, 2026, stood at ₹7,237 crore, up 32% YoY.
- Order inflow for Q2 FY27 was ₹1,169 crore, registering a 97% YoY growth.
- Changodar manufacturing expansion is nearing completion, with commercial production expected around Diwali.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from Operations (Q2 FY27)
₹709.04 crore
66%
EBITDA (Q2 FY27)
₹113.90 crore
205%
PAT (Q2 FY27)
₹75.06 crore
338%
Unexecuted Order Book (as on 30 Sep 2026)
₹7,237 crore
32%
Order Inflow (Q2 FY27)
₹1,169 crore
97%
Revenue from Operations (H1 FY27)
₹1,268.32 crore
35%
PAT (H1 FY27)
₹124.98 crore
62%
🏢 How This Affects the Company
The increase in order inflow to ₹1,169 crore and the unexecuted order book reaching ₹7,237 crore strengthen the company's future revenue visibility over the next 18–24 months. Entry into the nuclear power sector via NPCIL Kaiga Units 5 & 6 expands market reach.
Q2 FY27 standalone PAT increased by 338% to ₹75.06 crore, and EBITDA rose 205% to ₹113.90 crore, demonstrating improved profitability and operational efficiency. EBITDA margin expanded to 16.1% from 8.7% YoY.
Improved capacity utilization across manufacturing facilities contributed to performance. The nearing completion of the Changodar expansion will add further capacity to service the growing order book.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this financial results press release.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, specifically the significant increase in PAT to ₹75.06 crore in Q2 FY27 and the expanded order book of ₹7,237 crore.
🔍
Management Signal
Management is focused on driving growth through improved execution, capacity expansion, and securing a substantial order book, as indicated by the Q2 FY27 results and expansion plans.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q3 FY27 financial results — check if revenue and profit growth trends continue.
Announcement of commercial production start date for Changodar expansion facility.
Updates on new order wins and progress on the ₹21,000 crore inquiry pipeline.
LOW RISK
The filing reports strong financial performance and order book growth, with no immediate risks highlighted.
💡 Investor Takeaway
Transformers and Rectifiers (India) Ltd. reported Q2 FY27 standalone net profit of ₹75.06 crore, a 338% YoY increase. Revenue from operations reached ₹709.04 crore, up 66% YoY. The unexecuted order book stood at ₹7,237 crore as of September 30, 2026.
⚖️ Strengths & Concerns
✅ Positives
- Q2 FY27 Standalone PAT increased 338% YoY to ₹75.06 crore, reflecting strong profitability growth.
- Unexecuted Order Book of ₹7,237 crore as of September 30, 2026, provides revenue visibility for 18–24 months.
📅 Company Track Record
In FY26, Transformers and Rectifiers (India) Ltd. reported a revenue of Rs. 2,395 crore, a 23% YoY increase, supported by an order book of Rs. 5,005 crore. This Q2 FY27 filing continues to show strong revenue and order book growth compared to prior periods.
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 (PAT) of ₹75.06 crore in Q2 FY27, which is a 338% YoY increase from ₹17.13 crore in Q2 FY26.
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 stood at ₹709.04 crore, representing a 66% YoY growth from ₹428.42 crore in Q2 FY26.
What is the unexecuted order book size for Transformers and Rectifiers (India) Ltd. as of September 30, 2026?
As of September 30, 2026, the unexecuted order book for Transformers and Rectifiers (India) Ltd. was ₹7,237 crore, marking a 32% YoY growth.
What was the order inflow for Transformers and Rectifiers (India) Ltd. during Q2 FY27?
Transformers and Rectifiers (India) Ltd. recorded an order inflow of ₹1,169 crore during Q2 FY27, reflecting a 97% YoY growth.
What is the status of the Changodar manufacturing expansion for Transformers and Rectifiers (India) Ltd.?
The ongoing transformer manufacturing expansion at Changodar is nearing completion, with commercial production expected to commence around Diwali.
Questions based on this BSE filing only. For information purposes.