Transformers And Rectifiers (India) Limited has informed the Exchange regarding Board meeting held on January 08, 2026.
TARIL · price
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The Board approved unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025. Standalone revenue from operations grew to ₹704.21 crore in Q3 (up ~29% YoY from ₹545.31 crore) and ₹1,643.16 crore for 9M FY26 (up ~26% YoY). Standalone profit after tax rose to ₹71.03 crore in Q3 (~41% YoY) and ₹147.98 crore for 9M FY26 (~33% YoY), with EPS of ₹2.37 and ₹4.93 respectively. Consolidated revenue was ₹736.76 crore in Q3 (~32% YoY) and 9M PAT jumped to ₹180.78 crore (~48% YoY). The auditor's review report on consolidated results includes an emphasis of matter on subsidiary Triveni Transtech, whose current liabilities exceed current assets, though management considers the going concern basis appropriate with holding company support. Additionally, CEO Mukul Srivastava resigned for personal reasons effective January 7, 2026, and existing Managing Director Satyen J. Mamtora was appointed as MD & CEO effective January 8, 2026.
Strong YoY growth in both revenue and profits signals robust operational momentum and is positive for shareholders. The smooth internal transition to Satyen Mamtora as MD & CEO should ensure continuity, though the emphasis of matter on a subsidiary's current liability position warrants monitoring.