TARIL Share Price Dips 8%; Revenue Grows 22.8% in FY26 Results

Transformers and Rectifiers (India) Limited (NSE: TARIL) reported a financial performance for FY26. The company’s revenue rose to ₹2,395 crore in FY26, compared to ₹1,950 crore in FY25 and ₹1,273 crore in FY24.

EBITDA stood at ₹370 crore, reflecting solid operational performance, although the EBITDA margin moderated slightly to 15.4% from 16.4% in the previous year. Profit after tax (PAT) increased to ₹225 crore, with a margin of 9.4%, demonstrating sustained earnings growth.

Quarterly Performance Highlights

In Q4 FY26, revenue from operations stood at ₹782.67 crore, marking a 15.7% year-on-year increase and a 6.2% rise compared to the previous quarter. Total income for the quarter reached ₹805.04 crore, supported by higher operational revenues and other income.

However, PAT for the quarter declined slightly by 3.3% year-on-year to ₹91.10 crore, although it improved 19.9% sequentially. The PAT margin stood at 11.3%, compared to 13.8% in Q4 FY25, indicating some pressure on margins during the quarter.

Full-Year Growth Momentum

For the full year, revenue from operations grew 24.2% to ₹2,508.80 crore, while total income stood at ₹2,569.65 crore. PAT increased by 25.6% to ₹272.09 crore, reflecting strong bottom-line growth.

The PAT margin remained stable at around 10.6%, indicating consistent profitability despite fluctuations in quarterly performance. The company’s ability to maintain margins while scaling operations reflects strong cost control and operational efficiency.

Robust Order Book and Pipeline

The company reported an order book of ₹5,005 crore as of March 31, 2026, providing strong revenue visibility for the coming quarters. Order inflow during FY26 stood at ₹2,374 crore, while Q4 inflow was ₹244 crore.

Additionally, inquiries under negotiation exceeded ₹23,000 crore, indicating a strong pipeline and future growth potential. This order position underscores the company’s strengthening presence in the power and infrastructure sector.

TARIL Share Price Today

On April 22, 2026, TARIL share price opened at ₹298.00. At 10:29 AM, the share price of TARIL was trading at ₹304.00, down by 8.79% on the NSE.

Also Read: Persistent Systems Recommends Final Dividend of ₹18 for FY 2025-26!

Conclusion

Transformers and Rectifiers has delivered a strong performance in FY26, supported by healthy revenue growth, stable margins, and a robust order book. With a strong pipeline and increasing demand in the power sector, the company is well-positioned to sustain its growth momentum in the coming years.

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