Transformers and Rectifiers (India) Ltd (TARIL) shares experienced a sharp 12% decline on Wednesday, April 22, following the release of Q4 FY26 results. According to reports from LiveMint, the stock shed as much as 12.1% to its day's low of ₹292.90, despite the company reporting sequential improvements in profitability and revenue growth. The stock has now lost over 50% of its investor wealth from its 52-week high of ₹594.80 hit in April 2025, while touching its 52-week low of ₹224.30 in February 2026.
As reported by LiveMint, net profit (PAT) rose 9.06% QoQ to ₹77.47 crore in Q4 FY26, compared to ₹71.03 crore in Q3 FY26, though growth remained muted on a year-over-year basis with PAT increasing just 1.15% from the same quarter last year. Revenue from operations came in at ₹752.33 crore, up 6.83% QoQ from ₹704.21 crore, while registering a stronger 16.22% YoY growth. Total income for the quarter stood at ₹774.75 crore, rising 9.14% QoQ from ₹709.87 crore and posting an 18.24% increase compared to the year-ago period. However, total expenses increased 10.07% QoQ to ₹675.73 crore, up from ₹613.90 crore in the previous quarter, partially offsetting revenue gains.
According to LiveMint, alongside its Q4 results, TARIL announced a final dividend of 25%, translating to Re 0.25 per equity share of Re 1 each, subject to shareholder approval at the upcoming AGM. For the full financial year FY26, the company reported revenue from operations of ₹2,395.49 crore and total income of ₹2,452.34 crore. Profit before tax stood at ₹301.84 crore, while net profit came in at ₹225.43 crore.
As reported by LiveMint, during the quarter, TARIL secured new orders worth ₹244 crore while strategically deferring additional order wins to focus on projects with better margins, favourable payment terms, and alignment with its production cycle. The company noted that enquiries worth over ₹23,000 crore are currently under negotiation, indicating a strong pipeline. Continuous order inflows have led to a robust unexecuted order book of around ₹5,004 crore as of March 31, 2026. During the quarter, the company secured a landmark order from Power Grid Corporation of India (PGCIL) for the repair of an HVDC transformer, with successful execution potentially leading to approval of its HVDC transformer manufacturing technology by PGCIL.
According to LiveMint, the stock has given mixed returns in recent times, rising 7.5% in the last month and 26% in the past 3 months, however, it fell 36% in 6 months and 47% in 1 year. In the long term, it has given multibagger returns, soaring around 3,360% in 5 years. Management indicated that the organisation is well-prepared to handle upcoming challenges, particularly in execution and working capital management, with the company reporting its highest-ever production of around 33,000 MVA in FY26 while maintaining stable EBITDA and PAT margins.
