Transformers and Rectifiers Shares Jump Following Strong Quarterly Profit and Revenue Growth

Transformers and Rectifiers shares jumped 14% on Wednesday after the company reported a sharp rise in September-quarter earnings, supported by strong revenue growth, improved operating margins and an exceptional gain.

Financial Results

The transformer manufacturer posted a 135% year-on-year increase in consolidated net profit to ₹79.8 crore in Q2FY27, compared with ₹33.9 crore in the previous financial year. This profit included an exceptional gain of ₹131.5 crore. Revenue from operations rose 60.7% year-on-year to ₹739.4 crore in the July-September quarter, up from ₹460 crore a year earlier. Earnings before interest, tax, depreciation and amortisation more than doubled to ₹128.8 crore, and the EBITDA margin expanded to 17.4% from 12.8%.

Orders And Expansion

The company reported an order inflow of ₹1,169 crore in Q2FY27, marking 97% growth from the previous year. Its unexecuted order book stood at ₹7,237 crore as of 30 September 2026, which is up 32% and expected to be executed over the next 18 to 24 months. Managing Director and CEO Satyen Mamtora stated that the performance strengthened confidence in the growth outlook. He noted that the company entered the nuclear power sector through the Nuclear Power Corporation of India Kaiga Units 5 and 6 project, alongside recent orders from the Damodar Valley Corporation and Gujarat Energy Transmission Corporation Limited.

Context

Power equipment manufacturers in India are benefiting from rising investments in national electrical infrastructure and renewable energy integration. Companies in this sector typically track order book growth and manufacturing capacity closely to gauge their ability to handle large utility contracts.