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TARIL to Meet Top Institutional Investors at Nuvama India Conference
Transformers And Rectifiers (India) Limited (TARIL) has scheduled a series of high-profile investor meetings on February 11, 2026, at the Nuvama India Conference in Mumbai. The company will engage in one-on-one sessions with major global firms including Goldman Sachs Asset Management, Fidelity Management and Research, and William Blair. Additionally, two large group meetings are scheduled with over 40 institutional participants such as ICICI Prudential, Nippon Life, and Tata Asset Management. While the company stated no new price-sensitive information will be shared, the extensive list of participants indicates strong institutional interest in the stock.
Key Highlights
Scheduled 1-on-1 meetings with 4 major global entities: William Blair, Goldman Sachs, Miras Investments, and Fidelity.
Participation in two large-scale group meetings involving over 40 domestic and international institutional investors.
Key domestic participants include ICICI Prudential AMC, Nippon Life Insurance, Invesco Mutual Fund, and Motilal Oswal AMC.
The conference is organized by Nuvama Institutional Equities and held at Grand Hyatt, Mumbai on February 11, 2026.
Company confirms that no unpublished price sensitive information (UPSI) or formal presentations will be shared.
💼 Action for Investors
Investors should monitor for any subsequent analyst reports or rating changes that often follow such large-scale institutional interactions. The high level of interest from top-tier global and domestic funds suggests strong market confidence in TARIL's growth trajectory.
TARIL Q3 FY26: Revenue hits ₹737 Cr, EBITDA margin at 16.2% with ₹8,000 Cr order book target
Transformers And Rectifiers (India) Limited reported a strong Q3 FY26 with consolidated revenue reaching ₹737 crores and a robust EBITDA margin of 16.19%. The company maintained its full-year FY26 guidance of ₹2,600 crores in revenue with margins between 16-17%, supported by a current order book of ₹5,500 crores. A significant strategic milestone was achieved as TARIL became the first Indian origin company to receive an HVDC repair order from PowerGrid, enhancing its technological profile.
Key Highlights
Consolidated revenue for Q3 FY26 stood at ₹737 crores with a PAT of ₹76 crores.
EBITDA margins expanded to 16.19% due to better operating leverage and execution of high-margin projects.
Order book currently stands at ₹5,500 crores, with management targeting ₹8,000 crores by the end of the fiscal year.
Six backward integration facilities are under development, with the CTC plant and Press Board facility slated for FY27 commissioning.
The company is targeting a long-term revenue goal of $1 billion (₹8,000 crores) by FY28-29.
💼 Action for Investors
Investors should view the margin expansion and the entry into the high-tech HVDC segment as strong positive indicators of long-term value creation. Monitor the timely commissioning of backward integration plants in FY27 as they are critical for maintaining the 16%+ EBITDA margin trajectory.
TARIL CEO Mukul Srivastava Resigns Effective January 7, 2026
Transformers And Rectifiers (India) Limited (TARIL) has announced the resignation of Mr. Mukul Srivastava from the position of Chief Executive Officer (CEO). The resignation, cited due to personal circumstances, became effective at the close of business hours on January 7, 2026. Mr. Srivastava had submitted his resignation letter earlier on November 18, 2025, allowing for a transition period. Investors should now look for the company's announcement regarding a successor to lead the executive team.
Key Highlights
Mr. Mukul Srivastava resigned as CEO effective from the close of business hours on January 7, 2026.
The resignation letter was originally dated November 18, 2025, indicating a planned exit.
The reason provided for the departure is personal circumstances.
The company officially notified the stock exchanges on January 8, 2026, following the effective date.
💼 Action for Investors
Investors should monitor the company's upcoming announcements for the appointment of a new CEO to ensure leadership continuity. Evaluate if the change in top management impacts the company's ongoing expansion plans or operational efficiency.
TARIL Q3 FY26 Results: PAT Up 37% YoY to ₹76 Cr; Order Book Reaches ₹5,450 Cr
Transformers And Rectifiers (India) Limited (TARIL) reported a strong Q3 FY26 performance with consolidated revenue growing 32% YoY to ₹736.76 crore. Profit After Tax (PAT) increased by 37% to ₹76 crore, driven by improved operational efficiencies and a higher EBITDA margin of 17.54%. The company's unexecuted order book remains robust at ₹5,450 crore, supported by a massive inquiry pipeline exceeding ₹16,500 crore. Management has reiterated a confident revenue target of ₹2,600 crore for the full financial year 2025-26.
Key Highlights
Consolidated Revenue increased 32% YoY to ₹736.76 Cr, while PAT rose 37% YoY to ₹76 Cr.
EBITDA margins expanded to 17.54% from 16.76% in the previous year's quarter.
Unexecuted Order Book stands at ₹5,450 Cr with new order inflows of ₹665 Cr during Q3.
Massive inquiry pipeline of ₹16,500+ Cr indicates strong future demand in power and industrial sectors.
Successfully entered the HVDC transformer landscape and exported a record-breaking 220/253 MVA EAF transformer.
💼 Action for Investors
Investors should take note of the significant margin expansion and the massive inquiry pipeline which provides high revenue visibility. The company's successful entry into high-value HVDC and export markets suggests a transition toward higher-margin specialized products.
TARIL Q3 Net Profit Jumps 40% YoY to ₹71 Cr; MD Satyen Mamtora Appointed as CEO
Transformers And Rectifiers (India) Ltd (TARIL) reported a strong financial performance for the quarter ended December 31, 2025, with standalone revenue rising 29% YoY to ₹704.21 crore. Net profit surged 40.6% YoY to ₹71.03 crore, while sequential growth was even more impressive, with profits rising over 300% from ₹16.80 crore in Q2 FY26. The company also announced that Managing Director Satyen J. Mamtora will take on the additional role of CEO following the resignation of Mukul Srivastava. Despite higher employee costs due to ESOPs and new labor code adjustments, the company maintained robust profitability.
Key Highlights
Standalone Revenue from Operations grew 29% YoY to ₹704.21 crore in Q3 FY26.
Net Profit increased by 40.6% YoY to ₹71.03 crore from ₹50.51 crore in Q3 FY25.
Sequential Net Profit saw a massive jump of 322% compared to ₹16.80 crore in Q2 FY26.
CEO Mukul Srivastava resigned effective Jan 7, 2026; MD Satyen J. Mamtora appointed as MD & CEO.
Recognized ₹2.79 crore as ESOP expense and accounted for gratuity liability under New Labour Codes.
💼 Action for Investors
The strong sequential and year-on-year growth reflects high execution momentum in the power equipment sector. Investors should view the leadership transition as stable since the MD is taking over, but should monitor the impact of rising raw material costs and labor code changes on future margins.
TARIL Q3 FY26 Net Profit Rises 40% YoY to ₹71 Cr; MD Satyen Mamtora Appointed as CEO
Transformers And Rectifiers (India) Ltd (TARIL) reported a strong financial performance for Q3 FY26, with standalone net profit rising 40.6% YoY to ₹71.03 crore. Revenue from operations grew 29% YoY to ₹704.21 crore, showing a significant recovery from the previous quarter's ₹428.42 crore. Alongside the results, the company announced that Managing Director Satyen J. Mamtora will take on the additional role of CEO following the resignation of Mukul Srivastava. For the nine-month period ending December 2025, the company has already surpassed previous year profits, reaching ₹147.98 crore.
Key Highlights
Standalone Revenue from Operations increased 29% YoY to ₹704.21 crore in Q3 FY26.
Net Profit surged 40.6% YoY to ₹71.03 crore, with a massive sequential jump from ₹16.80 crore in Q2 FY26.
Profit Before Tax (PBT) for the quarter stood at ₹95.97 crore compared to ₹67.74 crore in Q3 FY25.
Managing Director Satyen J. Mamtora appointed as CEO effective January 8, 2026, following the resignation of Mukul Srivastava.
9M FY26 Net Profit reached ₹147.98 crore, up from ₹110.99 crore in the same period last year.
💼 Action for Investors
The strong sequential and year-on-year growth indicates robust execution and demand in the power equipment sector; investors should view the leadership consolidation under the MD as a move toward streamlined management.
TARIL secures order of ₹53.33 Cr from Power Grid Corporation
Transformers and Rectifiers (India) Limited (TARIL) has secured an order worth ₹53.33 Cr from Power Grid Corporation of India Limited. The order involves repair, erection, testing, and commissioning of a 397 MVA HVDC Converter Transformer. This order positions TARIL as the first Indian origin private sector company to receive such an order, entering a unique club of HVDC transformer manufacturers. The delivery of the transformers is expected by the next financial year.
Key Highlights
Order value: ₹53.33 Cr
Order from: Power Grid Corporation of India Limited
Involves: 397 MVA HVDC Converter Transformer
Delivery by: Next financial year
💼 Action for Investors
This order signifies TARIL's entry into the HVDC transformer market, a rapidly growing segment in India. Investors should monitor the company's execution of this order and its ability to secure further HVDC contracts.