Transformers and Rectifiers (India) Limited reported a strong year-on-year performance for the third quarter ended 31 December 2025, supported by higher execution, improved operating leverage, and stable cost control.
During Q3 FY26, revenue from operations stood at ₹736.76 crore, registering a robust growth of around 32% compared with ₹559.36 crore reported in the same quarter last year. The improvement reflects healthy demand momentum and steady project execution across key segments. Total income for the quarter increased to ₹741.02 crore from ₹568.32 crore in Q3 FY25, marking a YoY rise of nearly 30%.
On the cost front, total expenses rose to ₹633.23 crore compared with ₹494.59 crore in the corresponding quarter of the previous year, largely in line with higher operating scale. Cost of materials consumed increased to ₹419.54 crore from ₹380.08 crore, while employee benefit expenses rose to ₹21.77 crore from ₹13.33 crore, reflecting workforce expansion and wage revisions. Other expenses stood at ₹88.34 crore versus ₹63.09 crore a year ago.
Despite higher expenses, profitability improved meaningfully. Profit before tax for Q3 FY26 came in at ₹107.79 crore, a strong increase of about 46% over ₹73.73 crore reported in Q3 FY25. After accounting for a total tax expense of ₹31.82 crore, profit after tax for the quarter stood at ₹74 crore, compared with ₹35 crore in the same period last year, translating into a YoY growth of nearly 37%.