Transformers and Rectifiers stock rallies over 18% after strong Q2 earnings; 135% PAT jump, margin growth in focus

Transformers and Rectifiers India shares rallied more than 18% during the morning market hours on Wednesday, October 14, as equity market investors reacted to the company’s strong profit growth and margin expansion in the July to September quarter of the financial year 2026-27.

NSE data showed that Transformers and Rectifiers shares jumped 18.6% to touch an early market intraday high of ₹360.80 apiece on Wednesday’s market, in comparison to ₹304 apiece at the previous equity market close.

Trading activity surged above 2.97 crore equity shares during the morning market hours on October 14, registering a nearly 10 times increase in overall volumes when compared to 30,68,841 equity shares, the one-week average on the National Stock Exchange.

The exchange data also showed that the high-volume gains on Wednesday’s market were triggered by the overall trading activity increasing above the two-week average volume of 90,99,265 equity shares.

Q2 snapshot

NSE filings showed that Transformers and Rectifiers posted a 135% rise in its consolidated net profit to ₹80 crore in the second quarter of the financial year 2026-27, in comparison to ₹34 crore in the corresponding quarter of the previous year.

The company’s revenue from operations grew 61% to ₹739 crore in the September quarter results for FY27, as against ₹460 crore in the same quarter a year earlier.

While TARIL’s operating profits surged to ₹128 crore, from ₹52 crore levels, the EBITDA margins expanded by 600 basis points to 17.35%, in comparison to 11.35% in the same period the previous financial year.

The company’s management attributed TARIL’s overall revenue growth to the improved utilisation levels at the Changodar and Moraiya plants. Satyen Mamtora, the MD and CEO of Transformers and Rectifiers, said that the company is well positioned to further scale its manufacturing capabilities in H2FY27.

How have TARIL shares performed?

NSE data showed that Transformers and Rectifiers (TARIL) shares have delivered more than 2,249% returns to investors in the last five years, and have given over 305% gains on their investment in the last three years.

However, in the last one-year period, the stock has lost a little over 26% of its value.

On a year-to-date basis, the TARIL shares have risen 14.7% in 2026 and have gained 22% in the last one-month period. The exchange data also showed that the company’s stock has delivered 22% returns in the last five market sessions.

Transformers and Rectifiers shares hit their 52-week high of ₹495.95 apiece on October 13, 2025, while the 52-week low was at ₹224.05 apiece on February 2, 2026. The company’s market capitalisation (m-cap) was at ₹10,591 crore as of Wednesday’s trading session.