Transformers & Rectifiers India Ltd
Transformers & Rectifiers India Q2 FY27: Order Book ₹21,000 Cr
Q2 FY27 earnings call: what management guided on revenue, margins and order book.
Based on our transcription of the Q2 FY27 call recording. The company has not filed its transcript yet; this page will switch to it when it does.
What the Q2 FY27 call signalled
4 of 5 strong
The short version
The company targets revenue growth of 25% and beyond for FY27, maintaining focus on disciplined execution and profitable growth. The company is targeting a revenue growth of 25% and beyond for FY27, reflecting strong top-line momentum.
From Transformers & Rectifiers India Ltd's Q2 FY27 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- The company targets revenue growth of 25% and beyond for FY27, maintaining focus on disciplined execution and profitable growth.
- Expansion plans include increasing manufacturing capacities, with Changodar plant capacity reaching 35,000 MVA and Moraya facility adding 22,000 MVA for extra high voltage transformers.
- Revenue potential post-expansion is estimated at ₹5,000 to ₹6,000 crore, aiming for $1 billion (₹8,000 crore approx.) revenue over the next 2-3 years, including sales from transformers, bushings, press boards, CRGO, and tanks manufacturing.
- Capacity utilization expected to increase, with no additional capex required beyond ongoing backward integration projects.
2 more points from Transformers & Rectifiers India Ltd's call on revenue
Pro opens every point from 15K+ earnings calls
Profitability & Margins
See what Transformers & Rectifiers India Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Ongoing capacity expansion projects at Changodar and Moraya plants; Changodar reaching 35,000 MVA capacity soon.
- Backward integration initiatives progressing; CTC plant to be commissioned by Q3 FY27 with 3,000 MTPA capacity.
- Expect ~30% increase in manufacturing capacity at Moraya post Presbord plant operationalization.
- EHV transformer plant at Moraya expected to be ready for production by FY28.
- Total capex related to capacity expansion around 150 crore INR for Changodar.
- No additional capex planned beyond already funded projects for capacity expansion and backward integration.
- Plans to develop local assembly and sales presence in UK and Europe, with potential manufacturing base in future.
2 more points from Transformers & Rectifiers India Ltd's call on capex
Pro opens every point from 15K+ earnings calls
Fundraising & Capital Structure
See what Transformers & Rectifiers India Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book stands at approximately ₹21,000 crore. (Page 6, [17:48])
- Orders are executed based on a book not beyond 24 to 28 months to maintain manageable timelines. (Page 6, [18:25])
- ₹7,000 crore of orders expected to be executed/built in the next 18 to 24 months. (Page 6, [19:20])
2 more points from Transformers & Rectifiers India Ltd's call on order book
Pro opens every point from 15K+ earnings calls
Transformers & Rectifiers India Ltd — Quarterly revenue & net profit
Q2 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q2 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹783 Cr, net profit ₹91 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What T R I L's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
Arthneeti Pro · Annual
Transformers & Rectifiers India Ltd and 15K+ more earnings calls,
for less than your morning chai
a day
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were Transformers & Rectifiers India Ltd Q2 FY27 results?
The company targets revenue growth of 25% and beyond for FY27, maintaining focus on disciplined execution and profitable growth. The company is targeting a revenue growth of 25% and beyond for FY27, reflecting strong top-line momentum.
What is Transformers & Rectifiers India Ltd share price analysis?
Transformers & Rectifiers India Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 38.7 with a market cap of ₹10,009 Cr. Investors should review the full earnings analysis for detailed insights.
Is Transformers & Rectifiers India Ltd planning capital expenditure?
Ongoing capacity expansion projects at Changodar and Moraya plants; Changodar reaching 35,000 MVA capacity soon.
Keep Transformers & Rectifiers India Ltd on your radar — track it to get its next earnings analysis in your feed.
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.