Shares of Transformers and Rectifiers (India) Ltd crashed more than 11% to ₹295 on Wednesday following the company's Q4 results announcement. According to reports from The Economic Times, the stock dropped to an intraday low amid investor concerns over margin pressures despite strong revenue growth. The company reported a 5% year-on-year decline in consolidated net profit to ₹89 crore for Q4 FY26, while announcing a dividend of ₹0.25 per share.
Despite the profit decline, TARIL demonstrated robust revenue performance with consolidated revenue from operations increasing nearly 16% YoY to ₹783 crore during Q4 FY26. As reported by The Economic Times, total income grew 18% YoY to ₹805 crore, while total expenses increased nearly 21% YoY to ₹686 crore. The company maintained a strong order book of nearly ₹5,000 crore with FY26 inflows at ₹2,374 crore.
On a standalone basis, TARIL's net profit gained a little over 1% YoY to ₹77.5 crore, while revenue from operations increased 16% YoY to ₹752 crore during Q4. According to The Economic Times, net profit margin contracted 170 basis points to 10%, while EBITDA margin declined 200 basis points to 15.1%. For the entire financial year 2026, net profit gained more than 20% YoY to ₹225.43 crore with revenue increasing around 23% YoY to ₹2,395.49 crore.
Managing Director & CEO Satyen J. Mamtora highlighted the company's strong performance, stating that FY26 was a year of robust revenue growth and sustained profitability. As reported by The Economic Times, the company continues to benefit from improvements in manufacturing efficiency and supply chain optimization. TARIL announced a planned capex investment of approximately ₹600 crore over the next 15 months to enhance capacity and support future demand, while maintaining focus on improving efficiencies and strengthening margins.
Despite the recent decline, TARIL shares have demonstrated strong long-term performance with the stock rallying over 830% in three years and more than 3,350% in five years. According to The Economic Times, the company maintains a market capitalization of nearly ₹9,150 crore. The record date for determining shareholder eligibility for the announced dividend has yet to be announced by the company.
