Transformers and Rectifiers India Share Price Gains Over 16% After Q2 FY27 Earnings Results: Total Income Up 56.6% YoY

On October 13, 2026, Transformers and Rectifiers (India) Limited has reported its unaudited consolidated financial results for the quarter and half-year ending September 30, 2026, as per the exchange filings.  

The company witnessed a substantial increase in total income and net profit, reflecting strong performance over the past year. 

Transformers and Rectifiers India Q2 FY27 Earnings Results 

For the quarter ending September 30, 2026, Transformers and Rectifiers (India) Limited recorded a total income of ₹742.16 crore, marking a 56.6% increase compared to ₹473.95 crore in the same quarter last year. The quarter-on-quarter growth from the June 2026 quarter was 26.1%, up from ₹588.65 crore.  

Net profit for the September 2026 quarter rose by 117.9% year-on-year to ₹81.38 crore, compared to ₹37.35 crore in the previous year, and increased by 26.6% from ₹64.29 crore in the June 2026 quarter. 

Half-Yearly Financial Performance 

For the half-year ending September 30, 2026, the company's total income stood at ₹1,330.81 crore, reflecting a 30.0% year-on-year increase from ₹1,023.61 crore in the corresponding period of the previous year.  

Net profit for this half-year period increased by 39.0% year-on-year to ₹145.67 crore, up from ₹104.81 crore in the previous year. 

Board Meeting and Financial Approvals 

The Board of Transformers and Rectifiers (India) Limited convened on October 13, 2026, to approve the unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2026. The meeting lasted from 12:30 p.m. to 03:30 p.m., with accounts prepared under Indian Accounting Standard 34. 

Balance Sheet and Cash Flow Overview 

The company's standalone total assets as of September 30, 2026, were ₹2,817.90 crore, while consolidated group assets reached ₹3,017.04 crore. Standalone equity was reported at ₹1,561.67 crore, including ₹30.02 crore in share capital. Consolidated equity stood at ₹1,685.22 crore, with a non-controlling interest of ₹32.50 crore. 

Net cash from standalone operating activities for the half-year was ₹43.77 crore, while consolidated operating activities generated ₹48.06 crore. Standalone closing cash and cash equivalents were ₹10.58 crore, with consolidated cash and cash equivalents at ₹14.43 crore. 

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Subsidiary Developments 

On September 4, 2026, the company incorporated a new subsidiary, Maxwell Grid Transformers (UK) Private Limited. As of the signing date, no capital has been contributed, and operations have not commenced.  

The consolidated statement includes operations from other subsidiaries like Transpares Limited and Transweld Mechanical Engineering Works, with total assets of ₹214.74 crore across five subsidiaries. 

Transformers and Rectifiers India Share Price Performance 

As of October 14, 2026, at 10:27 AM, Transformers and Rectifiers India share price on NSE was trading at ₹354.20, up by 16.51% from the previous closing price. 

Conclusion 

Transformers and Rectifiers (India) Limited reported a 56.6% YoY increase in total income to ₹742.16 crore for the September 2026 quarter. Net profit rose by 117.9% YoY to ₹81.38 crore. The half-year results showed a 30.0% YoY increase in total income to ₹1,330.81 crore and a 39.0% YoY increase in net profit to ₹145.67 crore. 

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