Transformers & Rectifiers India's Q2 FY 2025-26 Quarterly Results

Result Summary

• Transformers & Rectifiers India Ltd reported a 13.8% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 0.1%.
• Its expenses for the quarter were down by 6.6% QoQ and up 4.7% YoY.
• The net profit decreased 44.6% QoQ and decreased 18.6% YoY.
• The earnings per share (EPS) of Transformers & Rectifiers India Ltd stood at 1.13 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Transformers & Rectifiers India Ltd is a prominent player in the electrical equipment manufacturing industry, primarily focusing on the production of transformers and rectifiers. These products are essential components in power distribution and transmission networks. The company caters to various sectors including power generation, distribution utilities, and industrial clients. It is known for its commitment to quality and technological advancement in its products. As of the most recent data, no major developments have been highlighted for this period. The company's market position and strategic initiatives are pivotal to its operations, although specific recent developments are not available from the provided data.

Revenue

In the second quarter of fiscal year 2026 (Q2FY26), Transformers & Rectifiers India Ltd reported a total income of ₹473.95 crores, showing a marginal year-over-year increase of 0.1% compared to ₹473.31 crores in Q2FY25. However, on a quarter-over-quarter basis, there was a notable decline of 13.8% from ₹549.64 crores in Q1FY26. This fluctuation in revenue reflects changes in market demand and sales performance within the period. The financial data indicates a stable year-over-year revenue but highlights a significant quarter-over-quarter decrease, which suggests variability in the company's income stream.

Profitability

The profitability of Transformers & Rectifiers India Ltd experienced a downturn in Q2FY26. The company recorded a Profit Before Tax (PBT) of ₹45.30 crores, which represents a year-over-year decrease of 29.3% from ₹64.08 crores in Q2FY25, and a quarter-over-quarter decrease of 49.9% from ₹90.48 crores in Q1FY26. Correspondingly, the Profit After Tax (PAT) for Q2FY26 stood at ₹37.35 crores, down 18.6% year-over-year from ₹45.91 crores in Q2FY25, and down 44.6% quarter-over-quarter from ₹67.46 crores in Q1FY26. The earnings per share (EPS) also followed this declining trend, decreasing to ₹1.13 in Q2FY26 from ₹3.04 in Q2FY25, marking a substantial year-over-year decline of 62.8%. The quarter-over-quarter change in EPS was a decrease of 49.6% from ₹2.24 in Q1FY26.

Operating Metrics

The total expenses for Transformers & Rectifiers India Ltd in Q2FY26 amounted to ₹428.65 crores, which is an increase of 4.7% from ₹409.23 crores in Q2FY25. However, there was a decrease of 6.6% from ₹459.16 crores in Q1FY26. The effective tax paid in Q2FY26 was ₹7.95 crores, which is a significant decrease from both the previous quarter and the same quarter last year, amounting to a 65.5% decrease quarter-over-quarter from ₹23.02 crores in Q1FY26 and a 56.2% decrease year-over-year from ₹18.17 crores in Q2FY25. These metrics reflect the company's cost management and tax planning strategies during the period.