India · Delayed Price · Currency is INR Transformers and Rectifiers (India) Earnings Call Transcripts
Fiscal Year 2026
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Record revenue and profitability achieved, driven by operational efficiency, selective order intake, and capacity expansion. Backward integration and entry into HVDC transformers position for margin improvement and future growth, with FY27 revenue targeted at INR 3,250 crore.
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Q3 FY26 saw robust revenue and margin growth, driven by improved execution, cost controls, and strategic backward integration. The order book is set to reach INR 8,000 crores, with FY26 revenue guidance at INR 2,600 crores and stable margins. Backward integration and capacity expansions underpin long-term growth.
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Q2 FY 2026 saw revenue and margins impacted by raw material shortages and deferred deliveries, but strong order pipeline and ongoing capacity expansions support a robust outlook. Backward integration projects and operational improvements are expected to drive margin recovery and growth in H2 and beyond.
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Q1 FY26 delivered strong revenue and profit growth, with a robust order book and margin expansion. Capacity and export initiatives are progressing, supporting a $1 billion revenue target in three years. Margins and liquidity remain strong, with high industry demand and ongoing operational improvements.
Fiscal Year 2025
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FY 2025 saw record revenue, profitability, and operational milestones, with robust order inflow and a strong order book ensuring revenue visibility. Margin expansion, backward integration, and capacity growth position the company to achieve its $1 billion revenue target in three years.
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Q3 FY25 saw 49% revenue growth and 276% PAT growth year-over-year, with a robust order book and strong domestic demand. Backward integration and capacity expansion are set to drive further margin improvement, while the company maintains a selective, high-margin order intake strategy.
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Q1 FY25 saw record revenue and profit growth, with a robust order book and strong demand from renewables, utilities, and exports. FY25 guidance is reaffirmed, with major capacity expansions and backward integration set to boost margins and scale.
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Q1 FY25 saw record revenue and profit growth, a robust order book, and a successful INR 500 crore QIP. Guidance for FY25 is maintained at INR 2,000 crore revenue and 15% margins, with major capacity expansion and export growth planned.