Transformers & Rectifiers India Ltd Share Price – NSE /  BSE

Capital Goods - Electrical Equipment, Small Cap

Chanchal S S Rajora has step-down from the position of CFO with effect from 5th March 2026. However, he will continue in his existing role as director (finance) and will remain designated as senior management personnel.

Shah is a Chartered Accountant and a seasoned finance professional with over 26 years of experience in strategic accounting, financial operations, fund management, budgeting, compliance, taxation, and corporate governance.

He has worked with reputed organisations such as Nirma, Adani Enterprises, Reliance Logistics, Arvind Smart Spaces, Gujarat Ambuja Exports, and Asian Granito India, managing key finance and business responsibilities.

Transformers and Rectifiers (India) is a leading manufacturer of transformers and reactors. It caters to power generation, transmission, distribution, and industrial sectors on a B2B model. Its product portfolio spans single-phase power transformers up to 500 MVA and 1200 kV, furnace, rectifier, and distribution transformers, as well as specialty units for locomotive traction, solar applications, green hydrogen, and mobile substations. With an installed capacity of around 40,000 MVA, TARIL serves clients across more than 25 countries.

The company?s consolidated net profit jumped 34.9% to Rs 73.85 crore on 31.7% increase in net sales to Rs 736.76 crore in Q3 FY26 over Q3 FY25.

The scrip rose 0.22% to Rs 290.90 on the BSE.

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Transformers & Rectifiers India announced the resignation of Mukul Srivastava from the position of Chief Executive Officer (CEO) of the Company, with effect from the close of business hours on 07 January 2026.

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Net profit of Transformers & Rectifiers India rose 34.89% to Rs 73.85 crore in the quarter ended December 2025 as against Rs 54.75 crore during the previous quarter ended December 2024. Sales rose 31.71% to Rs 736.76 crore in the quarter ended December 2025 as against Rs 559.36 crore during the previous quarter ended December 2024.

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Following his exit, the board appointed Satyen J. Mamtora, the company?s managing director (MD), as CEO with effect from 8 January 2026.

Satyen J. Mamtora is the MD of TARIL and a second-generation entrepreneur with over three decades of experience in the transformer manufacturing and power equipment sector. He joined TARIL in 1997 as director ? marketing and has since played a central role in expanding the company?s market presence, strengthening customer relationships, and guiding its evolution from a regional manufacturer to a globally recognised transformer organisation.

Meanwhile, the company announced its Q3 result, reporting 36.93% YoY jump in consolidated net profit to Rs 75.97 crore on 31.71% increase in revenue from operations to Rs 736.76 crore in Q3 FY26 over Q3 FY25.

Profit before tax (PBT) jumped 46.2% YoY to Rs 107.79 crore in Q3 FY26. EBITDA surged 38% YoY to Rs 129.24 crore in Q3 FY26. EBITDA margin expanded to 17.54% in Q3 FY26 as against 16.76% in Q3 FY25.

The unexecuted order book stood at Rs 5,450 crore, up 47.86% YoY and down 0.4% QoQ.

The company?s revenue target for current financial year is Rs 2,600 crore.

Headquartered in Ahmedabad, Transformer & Rectifiers (India) (TARIL) is a leading manufacturer of transformers and reactors. It caters to power generation, transmission, distribution, and industrial sectors on a B2B model. Its product portfolio spans single-phase power transformers up to 500 MVA and 1200 kV, furnace, rectifier, and distribution transformers, as well as specialty units for locomotive traction, solar applications, green hydrogen, and mobile substations.

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