Transformers & Rectifiers (India) Limited (TARIL), a manufacturer of power and specialty transformers, reported a strong financial and operational performance for the third quarter ended December 31, 2025.

Consolidated revenue from operations stood at Rs 7.3676 billion, marking a year-on-year growth of 32 per cent. EBITDA rose 38 per cent year-on-year to Rs 1.29 billion, while profit after tax increased 37 per cent year-on-year to Rs 0.76 crore. Profitability improved on the back of better operating leverage, focused execution and ongoing process optimisation, which supported margin expansion.

Business momentum remained healthy during the quarter, with new order inflows of Rs 6.65 billion. Growth in the order pipeline continued, driven by sustained demand from utilities, infrastructure developers and industrial customers, providing visibility for future revenues.

Operational improvements across manufacturing and project execution strengthened delivery timelines and profitability. Efficiency enhancements and process optimisation measures increasingly translated into improved financial outcomes.

During the quarter, the Board of Directors approved a leadership transition, with Managing Director Satyen J Mamtora assuming additional charge as Chief Executive Officer. With over three decades of experience in the transformer manufacturing and power equipment sector, Mamtora has played a key role in strengthening TARIL’s operational capabilities, execution discipline and technology roadmap. In his expanded role, he will lead the next phase of growth, focusing on operational excellence, scaling advanced transformer solutions and expanding the Company’s domestic and international presence.

Satyen J Mamtora, Managing Director & CEO, said, “The strong growth in revenue and profitability during the quarter reflects the effectiveness of our execution strategy and sustained focus on operational excellence. Healthy order inflows and a growing pipeline from utilities, infrastructure and industrial segments provide strong visibility going forward. We remain committed to improving efficiencies, strengthening technology capabilities and delivering long-term value.”

Looking ahead, the Company remains optimistic about growth prospects, supported by continued investments in power transmission, infrastructure and industrial development. Backed by a strong pipeline and improving execution momentum, TARIL is targeting revenue of approximately Rs 26 billion for the current financial year.