Shares of Transformers & Rectifiers leapt 11.2% to ₹338 on the NSE after the company posted a 135% jump in net profit to ₹79.8 cr, while EBITDA surged 149.6% to ₹128.6 cr.
The jump in earnings was matched by a 6.2‑percentage‑point climb in EBITDA margin, rising to 17.4% from 11.2% a year earlier, a 620‑basis‑point swing that eclipses the sector’s average of 14%.
Order inflow for the quarter doubled, climbing 97% to ₹1,169 cr, pushing the overall book to ₹7,237 cr, up 32% year‑on‑year, underpinning the 56% contribution of power transformers to top line.
Analysts had priced net profit at ₹66.8 cr; the company beat that by ₹13 cr, while revenue topped estimates by ₹135 cr, and EBITDA outperformed by ₹30 cr, giving a margin of 17.4% versus the 16% expectation.
Management reiterated FY27 targets of 25% revenue growth, 16% EBITDA, and a 9–10% PAT margin, and flagged that the Changodar plant should be ready for commercial output by Diwali, a move that may reinforce investor confidence.