Transformers & Rectifiers India Ltd
Transformers & Rectifiers India Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company expects a revenue growth of approximately 35% to 40% for FY'27. Revenue growth guidance for FY'27 is approximately 35% to 40% (Page 16).
From Transformers & Rectifiers India Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company expects a revenue growth of approximately 35% to 40% for FY'27.
- Revenue guidance for FY'27 is around INR 3,250 crores.
- Order intake is being limited to orders with delivery within 24 months to maintain quality.
- Capacity utilization is currently around 75% and expected to rise to 95% by the end of FY'26.
- Capacity expansion from 40,000 MVA to 75,000 MVA is underway with new plants like Changodar and Moraiya coming online.
- 50% capacity utilization is expected by H2 FY'27.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Transformers & Rectifiers India Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Changodar plant delayed due to extended monsoons; expected to start production in Q2 FY27.
- Post Changodar, plan to expand Moraiya plant, aiming to increase capacity from 40,000 MVA to 75,000 MVA.
- Focus on maximizing Moraiya plant capacity utilization before further expansions.
- Backward integration facilities expected to come into effect in H1 FY27, latest by FY28, for cost advantages and shorter lead times.
- Investment in laser and plasma cutting technologies to reduce dependency on gas and improve efficiency.
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 Transformers & Rectifiers India Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book is approximately INR 5,000 crore (Page 18).
- Orders in the current INR 5,500 crore book have no margin or cost issues (Page 19).
- The company is selective with orders, focusing on those with delivery within 24 months (Page 17).
- INR 18,000 crore MVA order inquiry expected within 24 months after Q1 (Page 18).
- Management aims to limit new orders to a 24-month delivery window for better quality and margin control (Pages 7, 17).
2 more points management made on order book & pipeline
Transformers & Rectifiers India Ltd — 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 Transformers & Rectifiers India Ltd Q4 FY26 results?
The company expects a revenue growth of approximately 35% to 40% for FY'27. Revenue growth guidance for FY'27 is approximately 35% to 40% (Page 16).
What is Transformers & Rectifiers India Ltd share price analysis?
Transformers & Rectifiers India Ltd currently shows a neutral. The stock trades at a P/E of 34.2 with a market cap of ₹8,846 Cr. Investors should review the full earnings analysis for detailed insights.
Is Transformers & Rectifiers India Ltd planning capital expenditure?
Changodar plant delayed due to extended monsoons; expected to start production in Q2 FY27.
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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.