By Chaitanya | BBA Finance Graduate & 6+ Years of Experience in Stock Market & Finance
Transformers and Rectifiers India Limited (TRIL), a prominent player in India’s electrical equipment sector, has once again captured the market’s attention with its exceptional financial results for the first quarter of fiscal year 2026 (Q1 FY26), which concluded in June 2025. This strong Q1 performance comes after years of steady growth. In the last five years, the company’s stock has jumped by a massive 10,100%, reflecting how it has consistently gained investors’ trust and built solid momentum in the market. The latest quarterly figures not only reinforce this positive trend but also set an ambitious tone for the company’s future.
A Deep Dive into Q1 FY26 Financials
TRIL has posted strong growth in its Q1 FY26 results, showing solid performance across major financial areas. As per its official filings, the company reported a consolidated revenue of ₹529.3 crore for the June 2025 quarter a sharp rise of 64.4% from ₹322 crore in the same quarter last year. This significant top-line growth highlights robust demand and successful operational execution.
The surge in profitability is even more remarkable. Net profit for Q1 FY26 soared to ₹67.46 crore, a more than threefold increase from ₹20.83 crore in the corresponding period last year. This big jump in profit shows that the company has improved how it runs its operations and is now in a stronger financial position. On a standalone basis, which primarily reflects the core manufacturing operations, net sales for June 2025 stood at ₹510.53 crore, representing a 63.85% jump from ₹311.59 crore in June 2024. Standalone quarterly net profit also witnessed an impressive ascent, reaching ₹60.15 crore, up by a staggering 227.44% from ₹18.37 crore in June 2024.
Operational profitability, measured by EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation), also saw significant improvement. For Q1 FY26, consolidated EBITDA more than doubled to ₹88.3 crore, compared to ₹42.3 crore in Q1 FY25. The standalone EBITDA for June 2025 was ₹96.70 crore, a remarkable 127.37% increase from ₹42.53 crore a year earlier. Furthermore, the EBITDA margin improved notably by over 360 basis points, rising to 16.7% from 13.1% year-over-year, indicating better cost management and pricing power.
One of the key reasons behind the rise in profit was a sharp jump in other income, which grew to ₹20 crore in Q1 FY26, up from just ₹4 crore a year ago. This diverse income stream further bolstered the company’s overall financial health. Consequently, earnings per share (EPS) from continuing operations also saw a healthy rise, climbing to ₹2.24 in Q1 FY26 from ₹1.4 in Q1 FY25.
Market Reaction and Future Vision
After the company announced its strong Q1 FY26 results, shares of Transformers and Rectifiers India Limited rose by 4% on the same day. In the last one month, the stock has gained 12.5%, though it’s still down by 11.4% so far this year. This immediate positive market response suggests renewed investor confidence in the company’s growth trajectory and fundamental strength. The company’s consistent performance is also supported by strong order books and continued margin expansion, as highlighted in various market analyses.
Looking ahead, TRIL has set an ambitious target of achieving $1 billion in revenue. This bold objective, declared on the back of the robust Q1 FY26 performance, reflects the management’s strong confidence in sustaining its growth momentum and capitalising on market opportunities. The company’s ability to deliver such impressive numbers, as outlined in its official regulatory filings, bodes well for its future prospects and its journey towards this ambitious target.
Key Performance Highlights (Q1 FY26 vs. Q1 FY25)
- Consolidated Revenue: ₹529.3 crore (up 64.4%) from ₹322 crore
- Consolidated Net Profit: ₹67.46 crore (up over 223%) from ₹20.83 crore
- Consolidated EBITDA: ₹88.3 crore (more than double) from ₹42.3 crore
- EBITDA Margin: 16.7% (improved by 360+ basis points) from 13.1%
- Earnings Per Share (EPS): ₹2.24 from ₹1.4
Conclusion
In short, Transformers and Rectifiers India Limited has posted a very strong Q1 FY26 performance, with solid growth in both sales and profits. The net profit has jumped more than three times, and the EBITDA has nearly doubled showing the company’s strong operations and good financial control. With a positive market reaction and an ambitious $1 billion revenue target, TRIL is clearly positioning itself for continued expansion and leadership in the transformers and rectifiers market. Investors and industry observers will be keenly watching how the company leverages this momentum to achieve its long-term vision.
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