Transformers And Rectifiers (India) Limited (TARIL) has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company presented an investor presentation detailing these results.

For the third quarter of fiscal year 2026 (Q3 FY26), consolidated revenue from operations stood at ₹736.76 crore, marking a significant 32% year-on-year increase from ₹559.36 crore in Q3 FY25. Consolidated EBITDA also saw a substantial rise of 38% to ₹129.24 crore, up from ₹93.75 crore in the same period last year. The EBITDA margin improved to 17.54% from 16.76%. Consolidated Profit After Tax (PAT) grew by 37% to ₹76.00 crore from ₹55.51 crore, with PAT margin at 10.26% compared to 9.77% in the previous year.

On a standalone basis, revenue from operations for Q3 FY26 was ₹704.21 crore, a 29% increase year-on-year from ₹545.31 crore. Standalone EBITDA rose by 31% to ₹114.00 crore from ₹86.96 crore, with an EBITDA margin of 16.19%. Standalone PAT increased by 41% to ₹71.08 crore from ₹50.55 crore, and the PAT margin improved to 10.01% from 9.12%.

The company's unexecuted order book as of December 31, 2025, was ₹5,450 crore, with inquiries under negotiation totaling over ₹16,500 crore. New order inflow during Q3 FY26 was ₹665 crore. Management highlighted improvements in operational efficiency and process optimization contributing to profitability, and noted a revenue target of ₹2,600 crore for the current financial year. Key operational achievements include receiving an operational excellence award from Power Grid, successfully exporting a large EAF Transformer, and securing a maiden order for STATCOM transformers. TARIL also received PGCIL approval for reactors at its Changodar testing facility.