TARIL Q2 FY27 Profit Jumps 118%, Capacity Expansion Nears Completion
Transformers & Rectifiers (India) Ltd. (TARIL) [NSE: TARIL, BOM: 532928], a manufacturer of transformers and reactors, has announced its financial results for second quarter of FY27.
TARIL’s Q2 FY27 Standalone Financials
During Q2 FY27, the company reported a standalone revenue of Rs. 709.04 crore and Profit After Tax (PAT) of Rs. 75.01 crore.
Consolidated Financial Performance of TARIL for Q2 FY27
YoY Comparison of TARIL’s Financial Numbers: Q2 FY27 vs. Q2 FY26
The company clocked revenue of ₹739.44 crore in Q2 FY27, increasing YoY by 60.74% from Rs. 460.03 crore in Q2 FY26. Further, TARIL’s PAT stood at ₹81.38 crore in Q2 FY27. This was Rs. 37.35 crore in Q2 FY26, representing an increase of 117.88% (2.18 times) on a YoY basis.
TARIL’s Earnings Per Share also jumped to Rs. 2.66 in second quarter of FY27 from Rs. 1.13 in the second quarter of FY26.
Quarterly Analysis of TARIL’s Financial Performance: Q2 FY27 vs. Q1 FY27
Quarter-over-Quarter (QoQ) analysis of TARIL’s consolidated revenue shows a growth of 29.20% in Q2 FY27 against Q1 FY27’s revenue of ₹572.34 crore. The company’s PAT similarly jumped by 26.60% in Q2 FY27 as compared with Q1 FY27’s PAT of Rs. 64.29 crore.
TARIL’s Capacity Expansion on Track
TARIL is expanding its transformer manufacturing capacity at its Changodar and Moraiya plants in Gujarat. The company is expected to complete expansion at these plants around Diwali.
At the Changodar plant, the manufacturing capacity will increase from 12,000 MVA to 35,000 MVA. At the Moraiya plant, the company plans to expand its Extra High Voltage (EHV) transformer production capacity by 22,000 MVA.
TARIL’s Order Book Reaches Rs. 7,237 Crore
TARIL reported an order book of Rs. 7,237 crore as of 30th September 2026, according to its investor presentation. Power transformers accounted for 83% of the total order book. The company also secured new orders worth Rs. 3,283 crore during second quarter of FY27.
During the quarter, TARIL secured several major orders, including entry into the nuclear power sector through an order from Megha Engineering and Infrastructure Limited (MEIL). The company also received a ‘Large’ category order from the Transmission Corporation of Andhra Pradesh Limited (APTRANSCO) for the supply of transformers.
About Transformers & Rectifiers (India) Ltd.: TARIL was incorporated in 1994 and is headquartered in Ahmedabad, India. It manufactures power transformers, distribution transformers, furnaces, and rectifier transformers. The company has three manufacturing facilities in Western India, namely Moraiya, Changodar, and Odhav in Ahmedabad.
