Ahmedabad: Transformers & Rectifiers (India) Limited (TARIL), a leading manufacturer of power and specialty transformers, reported a strong financial and operational performance for the third quarter ended December 31, 2025.
During the quarter, the Company recorded consolidated revenue from operations of Rs.736.76 crore, representing a year-on-year growth of 32%. EBITDA for the quarter stood at Rs.129 crore, reflecting a 38% year-on-year increase, while profit after tax rose 37% year-on-year to Rs.76 crore. The improvement in profitability was supported by better operating leverage, focused execution, and ongoing process optimisation initiatives, which have begun to reflect positively on margins.
Business momentum during the quarter remained healthy, with new order inflows of Rs.665 crore. The Company continued to see strong growth in its order pipeline, driven by sustained demand from utilities, infrastructure developers, and industrial customers, reinforcing visibility for future revenues.
Operational improvements implemented across manufacturing and project execution processes have continued to strengthen delivery timelines and profitability. The Company noted that efficiency enhancements and process optimisation measures are increasingly translating into improved financial outcomes.
During the quarter, the Board of Directors approved a leadership transition, with the Company’s Managing Director, Satyen J. Mamtora, taking over the additional charge as Chief Executive Officer. With over three decades of experience in the transformer manufacturing and power equipment sector, Mr. Mamtora has played a pivotal role in strengthening TARIL’s operational capabilities, execution discipline, and technology roadmap. In his expanded role, he will lead the Company’s next phase of growth, with a focus on operational excellence, scaling advanced transformer solutions, and expanding TARIL’s presence across domestic and international markets.
Satyen J. Mamtora, Managing Director & CEO, said, “The strong growth in revenue and profitability during the quarter reflects the effectiveness of our execution strategy and our sustained focus on operational excellence. Healthy order inflows and a growing pipeline from utilities, infrastructure, and industrial segments provide strong visibility going forward. We remain committed to improving efficiencies, strengthening our technology capabilities, and delivering long-term value.”
