Transformers & Rectifiers Q2 FY27 consolidated revenue Rs 739.44 cr; PAT Rs 81.38 cr
Transformers and Rectifiers (India) Ltd’s consolidated Q2 FY27 revenue rose to Rs 739.44 cr and PAT to Rs 81.38 cr versus Rs 460.03 cr and Rs 37.35 cr a year earlier.
Key takeaways
- Revenue from operations was Rs 739.44 cr vs Rs 460.03 cr a year earlier.
- Total income stood at Rs 742.16 cr vs Rs 473.95 cr in Q2 FY26.
- Profit for the period was Rs 81.38 cr vs Rs 37.35 cr a year ago.
- Total expenses rose to Rs 632.23 cr from Rs 428.65 cr in Q2 FY26.
- Basic and diluted EPS were Rs 2.66 vs Rs 1.13 in the corresponding quarter.
Q2 FY27 · consolidated
| Metric | Sep 2026 | Sep 2025 | Change |
|---|---|---|---|
| Revenue | Rs 739.44 cr | Rs 460.03 cr | +60.7% |
| PAT | Rs 81.38 cr | Rs 37.35 cr | +117.9% |
As reported in the filing. Figures are transcribed, not computed.
What the numbers show
- Net margin was 11.01% of revenue, up 288 bps from 8.12%.
- Revenue rose 60.7% while total expenses rose 47.5%.
- Changes in inventories accounted for Rs 171.31 cr of the Rs 203.58 cr rise in total expenses (84%).
- Cost of materials took 65.5% of revenue, against 101.7% a year earlier.
From the statement of unaudited consolidated financial results for the quarter ended 30.09.2026:
- Revenue from operations: Rs 739.44 cr (Q2 FY26: Rs 460.03 cr)
- Other income: Rs 2.72 cr (Q2 FY26: Rs 13.92 cr)
- Total income: Rs 742.16 cr (Q2 FY26: Rs 473.95 cr)
- Cost of materials consumed: Rs 484.17 cr (Q2 FY26: Rs 467.63 cr)
- Purchases of stock-in-trade: Rs 4.33 cr (Q2 FY26: Rs 2.28 cr)
- Changes in inventories of finished goods & work-in-progress: Rs 16.60 cr (Q2 FY26: Rs (154.71) cr)
- Employee benefits expenses: Rs 36.28 cr (Q2 FY26: Rs 26.05 cr)
- Finance cost: Rs 14.34 cr (Q2 FY26: Rs 12.87 cr)
- Depreciation & amortization expense: Rs 7.22 cr (Q2 FY26: Rs 7.27 cr)
- Other expense: Rs 69.29 cr (Q2 FY26: Rs 67.26 cr)
- Total expenses: Rs 632.23 cr (Q2 FY26: Rs 428.65 cr)
- Profit before exceptional items and tax (3): Rs 109.93 cr (Q2 FY26: Rs 45.30 cr)
- Exceptional items – Reversal of impairment on investments (4): Rs 131.49 cr (Q2 FY26: Rs 65.44 cr)
- Profit before tax (5): Rs 109.93 cr (Q2 FY26: Rs 45.30 cr)
- Total tax expense: Rs 28.55 cr (Q2 FY26: Rs 7.95 cr)
- Profit for the period: Rs 81.38 cr (Q2 FY26: Rs 37.35 cr)
- Basic EPS: Rs 2.66 (Q2 FY26: Rs 1.13)
- Diluted EPS: Rs 2.66 (Q2 FY26: Rs 1.13)
On a consolidated basis, revenue from operations for the quarter ended 30.09.2026 increased to Rs 739.44 cr from Rs 460.03 cr in the corresponding quarter ended 30.09.2025, as per the statement of financial results. Total income moved up to Rs 742.16 cr from Rs 473.95 cr over the same period.
Total expenses rose to Rs 632.23 cr in Q2 FY27 from Rs 428.65 cr in Q2 FY26, with cost of materials consumed at Rs 484.17 cr versus Rs 467.63 cr a year earlier. Employee benefits expenses were Rs 36.28 cr compared with Rs 26.05 cr, while finance cost increased to Rs 14.34 cr from Rs 12.87 cr. Depreciation & amortization expense was Rs 7.22 cr versus Rs 7.27 cr, and other expense stood at Rs 69.29 cr against Rs 67.26 cr.
Profit before exceptional items and tax (line 3) was Rs 109.93 cr, up from Rs 45.30 cr in the year-ago quarter. After total tax expense of Rs 28.55 cr (Q2 FY26: Rs 7.95 cr), profit for the period came in at Rs 81.38 cr compared with Rs 37.35 cr a year earlier. Basic and diluted EPS for the quarter were both reported at Rs 2.66 versus Rs 1.13 in the corresponding prior period, based on a paid-up equity share capital of Rs 30.02 cr of face value Re. 1 each.
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