{ "title": "TARIL submits FY26 annual report, highlights record output, higher profitability and expansion plan", "content": "Transformers and Rectifiers (India) Limited said it has submitted its Annual Report for the financial year 2025-26 to the BSE and the National Stock Exchange of India Limited in line with Regulation 34(1) of the SEBI Listing Regulations. The report, dated 29 August 2026, covers the consolidated performance of the company and includes the notice convening the 32nd Annual General Meeting, which has been filed separately with the stock exchanges. Source: TARIL annual report submission letter to BSE and NSE, dated 29 August 2026, available via nsearchives.nseindia.com.
The company said the report is available on its website and stated that the Board has reviewed and approved the disclosure. Source: TARIL annual report submission letter and Annual Report 2025-26, nsearchives.nseindia.com. In its annual report, TARIL said FY26 was a record year operationally and financially.
On a standalone basis, revenue from operations rose to ₹2,395.49 crore, while profit after tax reached ₹225.43 crore. On a consolidated basis, revenue from operations rose to ₹2,508.80 crore and profit after tax to ₹272.17 crore. The company also said it manufactured 33,763.25 MVA during the year, its highest-ever annual output.
Source: Annual Report 2025-26, Management Discussion and Analysis and Board of Directors’ Report, nsearchives.nseindia.com. TARIL said its installed capacity stood at nearly 75,000 MVA and that it is expanding further through additions at Changodar and Moraiya in Gujarat. The company said Changodar added 22,000 MVA of new capacity and that it has begun work on a further 15,000 MVA addition at Moraiya.
It also said it is implementing backward integration facilities for CTC, pressboard, bushing, fabrication, CRGO processing and radiator manufacturing, with a target of becoming a fully backward integrated organisation by Q1 FY28. Source: Annual Report 2025-26, Chairman’s and MD & CEO’s statements, nsearchives.nseindia.com. The report said the company’s order book stood at ₹5,005 crore as of 31 March 2026, with inquiries under pipeline exceeding ₹23,000 crore.
TARIL said it expects consolidated revenue of approximately ₹3,200 crore in FY27 and reiterated its longer-term ambition to reach USD 1 billion in revenue over the next three financial years. Source: Annual Report 2025-26, MD & CEO and CFO statements, nsearchives.nseindia.com. On the market environment, TARIL said the transformer industry is benefiting from India’s transmission super-cycle, renewable integration demand and a structurally tight global supply chain.
The company also said raw-material inflation remained a headwind, noting that copper and grain-oriented electrical steel are among its key input costs. Source: Annual Report 2025-26, Management Discussion and Analysis, nsearchives.nseindia.com. The company also highlighted its first HVDC converter transformer order from Power Grid Corporation of India Limited, which it described as a major strategic milestone.
Source: Annual Report 2025-26, Board of Directors’ Report and MD & CEO statement, nsearchives.nseindia.com. TARIL said it maintained an unmodified audit opinion on both standalone and consolidated financial statements. It also said its BRSR disclosures received reasonable assurance from Bureau Veritas (India) Private Limited.
Source: Annual Report 2025-26, Statutory Auditors’ Report and BRSR Independent Assurance Statement, nsearchives.nseindia.com.", "keywords": ["TARIL", "annual report", "FY26", "transformers", "capacity expansion", "backward integration", "order book", "HVDC"], "marketImpact": "Medium", "geographicArea": "India, with export markets across more than 40 countries", "isImportant": true, "summary": "TARIL filed its FY26 annual report with the NSE and BSE, reporting record production, higher revenue and stronger profit. The company also outlined a major capacity-expansion and backward-integration plan, alongside a large order book and a medium-term revenue ambition. Sources: TARIL annual report submission letter dated 29 August 2026 and Annual Report 2025-26, nsearchives.nseindia.com.", "insufficientContent": false }
Source: nsearchives.nseindia.com