T R I L
T R I L Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
5 of 5 strong
The short version
Targeting $1 billion revenue by FY28-FY29, approx. Targeting revenue growth of ~25% for FY27, with standalone revenue guidance around INR8,000 crores by FY29 (approx.
From T R I L's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- Targeting $1 billion revenue by FY28-FY29, approx. INR8,000 crores considering current rupee levels.
- Expect 25% revenue growth for FY27, building on INR3,136 crores estimated revenue for FY27.
- Plan to add INR5,000+ crores revenue over FY28 and FY29 via expansion at Changodar and Moraiya plants.
- Backward integration to contribute additional INR800 crores to INR1,000 crores revenue by FY29.
- Capacity utilization to ramp up from 60%-65% in FY26 to 80%-85% in FY28-'29 improving volume execution.
- Domestic and export markets expected to grow around 30%; export business to maintain 10%-15% revenue share.
2 more points management made on revenue & sales performance
Profitability & Margins
See what T R I L said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Changodar Expansion: Ongoing capacity expansion with capex of around INR150 crores; expected completion by August 2026.
- Moraiya Expansion: Scheduled for Q3 2027, on track, aiming to enhance manufacturing capabilities.
- Backward Integration Program: Planned investment of approximately INR900-1,000 crores for facilities including CTC conductor, pressboard insulation, bushing, fabrication, and CRGO plants.
- Funding Strategy: Capex funded via QIP proceeds (~INR145 crores unutilized), leasing arrangements (finance leasing reduces cash outflow by ~50%, e.g., for INR1,000 crores capex on backward integration, only INR500 crores cash outflow), internal accruals, and minimal debt if required.
2 more points management made on capital expenditure plans
Top-ranked in Electrical Equipment
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what T R I L said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of June 30, 2026, Transformers and Rectifiers (India) Limited's Unexecuted Order Book stood at INR 6,630 crores, a 26% YoY growth.
- The order book is executable over the next 18 to 24 months.
- During Q1 FY27, the company received healthy order inflow of INR 2,114 crores (218% YoY growth).
- Major orders in Q1 include:
- Ultra Mega Order from PGCIL worth above INR 1,000 crores (30 months timeline)
- Order from GETCO around INR 228 crores
- Order from RRVPNL INR 175 crores
- Export order from PDC AK LPIV, LLC (USA) INR 150 crores
- There are INR 23,000 crores worth of inquiries under negotiation.
2 more points management made on order book & pipeline
T R I L — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹783 Cr, net profit ₹91 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Transformers & Rectifiers India Ltd's management said in earlier quarters
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Frequently Asked Questions
What were T R I L Q1 FY27 results?
Targeting $1 billion revenue by FY28-FY29, approx. Targeting revenue growth of ~25% for FY27, with standalone revenue guidance around INR8,000 crores by FY29 (approx.
What is T R I L share price analysis?
T R I L currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 34.7 with a market cap of ₹8,964 Cr. Investors should review the full earnings analysis for detailed insights.
Is T R I L planning capital expenditure?
Changodar Expansion: Ongoing capacity expansion with capex of around INR150 crores; expected completion by August 2026.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.