Conference Call with Transformers & Rectifiers (India) Management and Analysts on Q3FY26 Performance and Outlook. Listen to the full earnings transcript.
Heavy Electrical Equipment company Transformers & Rectifiers (India) announced Q3FY26 results Financial Highlights: Revenue from Operations: Rs 736.76 crore against Rs 559.36 crore during Q3FY25, change 32%. EBITDA: Rs 129.24 crore against Rs 93.75 crore during Q3FY25, change 38%. EBITDA Margin: 17.54% for Q3FY26. PBT: Rs 107.79 crore against Rs 73.72 crore during Q3FY25, change 46%. PAT: Rs 76.00 crore against Rs 55.51 crore during Q3FY25, change 37%. PAT Margin: 10.26% for Q3FY26. Operational Highlights: Unexecuted Order Book Rs 5,450 crore. New Orders during the quarter Rs 665 crore. Exceptional Orders: Entry into HVDC transformer landscape. Rs 16,500+ crore Inquiries under Negotiation. Result PDF
Heavy Electrical Equipment company Transformers & Rectifiers (India) announced Q1FY26 results Revenue: Rs 529.33 crore compared to Rs 322.00 crore during Q1FY25, change 64%. EBITDA: Rs 108.50 crore compared to Rs 46.22 crore during Q1FY25, change 135%. EBITDA Margin: 19.74% for Q1FY26. PBT: Rs 90.48 crore compared to Rs 27.78 crore during Q1FY25, change 226%. PAT: Rs 67.41 crore compared to Rs 20.87 crore during Q1FY25, change 223%. PAT Margin: 12.26% for Q1FY26. Jitendra Mamtora, Chairman, said: Construction commenced for new 22,000 MVA capacity expansion at Moraiya facility. Capacity expansion of CRGO processing unit started. Construction underway for backward integration units aligned with self-reliance and quality control goals. On track in our journey towards USD 1 billion in revenue over the next three financial years. Satyen Mamtora, Managing Director, said: Revenue from operations Rs 510 crore, YoY increase of 64%. EBITDA Rs 97 crore, YoY increase of 127%. PAT of Rs 60 crore, YoY increase of 227%. Improvements in operational efficiency and process optimization have begun to reflect positively on profitability. New Orders during the quarter - Rs 665 crore. Strong growth in order pipeline from utilities, infrastructure, and industrial sectors. Revenue target for current Financial Year remains intact Result PDF
Conference Call with Transformers & Rectifiers (India) Management and Analysts on Q4FY25 and Full Year Performance and Outlook. Listen to the full earnings transcript.
Heavy Electrical Equipment company Transformers & Rectifiers (India) announced FY25 & Q4FY25 results Q4FY25 Financial Highlights: Revenue from operations: Rs 676.5 crore compared to Rs 512.7 crore during Q4FY24 change 32% YoY. EBITDA: Rs 138.2 crore compared to Rs 72.9 crore during Q4FY24, change 90% YoY. EBITDA Margin: 20.22% for Q4FY25. PAT margin: 13.78% for Q4FY25. PAT: Rs 94.2 crore compared to Rs 41.9 crore during Q4FY24, change 125% YoY. FY25 Financial Highlights: Revenue: Rs 1,950 crore compared to Rs 1,273 crore during FY24. EBITDA: Rs 320 crore compared to Rs 129 crore during FY24. EBITDA margin: 16.41% for FY25. PAT: Rs 187 crore compared to Rs 42 crore during FY24. PAT margin: 9.44% for FY25. Jitendra Mamtora, Chairman, Transformers & Rectifiers (India), said: First Phase of new capacity addition of 15,000 MVA will start for commercial production from May 2025. Phase 1 of the Journey towards USD 1 Billion Revenue in next 3 Financial Years, achieved in FY25 by achieving the target numbers. The company will expand its Extra High Voltage (EHV) transformer capacity by an additional 22,000 MVA. Commercial production from the expanded capacity is expected to begin in February 2026.With this addition, the total production capacity will exceed 75,000 MVA. New Capex infusion of Rs 550 crore in next 15 months of time. Implementation of 4 new backward integration facilities started. Target to be 100% backward integrated organization by Q1FY27. Satyen Mamtora, Managing Director, Transformers & Rectifiers (India), said: New Orders during the quarter - Rs 2,144 crore. Inquires under Negotiation – Rs 22,000+ crore. Achieved record order inflow, leading to highest-ever unexecuted order book as of March 2025. Secured landmark Rs 740 crore order from GETCO, our largest single order ever. Received order for 420KV three phase reactor with synthetic organic ester insulating fluid from Power Grid. Received order for 175MVA EAF transformer from Arcelor Mittal Mexico. Highest ever production in FY25 with record high EBITDA and PAT margins. Organization is geared up for upcoming challenges. Chanchal Singh Rajora, CFO, Transformers & Rectifiers (India), said: By achieving group revenue of Rs 2051 crore Phase 1 of the TARGET USD 1 billion Revenue in next 3 Financial Years is well in place. Q4FY25 revenue Rs 658 crore; FY25 revenue Rs 1,986 crore (Standalone). Q4FY25 EBIDTA Rs 115 crore and EBIDTA margin 17.46%; FY25 EBIDTA Rs 320 crore and EBIDTA margin 16.12%. FY25 PAT Rs 187 crore and PAT margin 9.45% - Highest ever profitability achieved. Successfully raised Rs 500 crore via QIP in just three weeks to support backward integration and expansion. Revenue improvement due to faster execution of major orders, better production planning, improved receivables, internal control systems, etc. Expect tailwinds to continue and good improvement going forward. Result PDF