Transformers and Rectifiers (India)532928Quarterly results
Q2 FY27 results: standalone revenue Rs. 709.04 crore, profit for the period Rs. 75.01 crore
Board meeting outcome (13.10.2026): the Board considered and approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2026.
By ScoutQuest · · 2 min read
₹709.04 Cr+65.5%
Q2 FY26 2025₹428.42 CrQ2 FY27 2026₹709.04 Cr
- Standalone Q2 revenue from operations
- Rs. 709.04 crore
- Standalone Q2 profit for the period
- Rs. 75.01 crore
- Standalone Q2 EPS
- Rs. 2.50
What the board approved
- The Board of Directors met on 13th October, 2026, from 12:30 p.m. to 03:30 p.m., and considered and approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2026.
- Statutory auditors Manubhai & Shah LLP issued Limited Review Reports on both the standalone and consolidated results.
Standalone results (Rs. in crore)
- Revenue from operations for the quarter: 709.04, against 428.42 in the quarter ended 30th September, 2025.
- Total income for the quarter: 711.84, against 440.81.
- Profit before tax for the quarter: 98.68, against 25.51.
- Profit for the period: 75.01, against 16.80.
- Basic and diluted EPS for the quarter: Rs. 2.50, against Rs. 0.56.
- Half year ended 30th September, 2026: revenue from operations 1,268.32, total income 1,285.40, profit before tax 166.71, profit for the period 124.88, basic and diluted EPS Rs. 4.16.
Consolidated results (Rs. in crore)
- Revenue from operations for the quarter: 739.44; total income 742.16.
- Profit before tax: 109.93; profit for the period 81.38.
- Profit attributable to owners of the Company: 79.80; non-controlling interests 1.58.
- Basic and diluted EPS for the quarter: Rs. 2.66.
- Half year ended 30th September, 2026: revenue from operations 1,311.78, profit before tax 197.96, profit for the period 145.67, basic and diluted EPS Rs. 4.71.
Standalone balance sheet as at 30th September, 2026 (Rs. in crore)
- Total assets 2,817.90, against 2,500.30 as at 31st March, 2026.
- Total equity 1,561.67, against 1,440.20.
- Paid-up equity share capital 30.02, comprising shares of face value Re. 1/- each.
Standalone cash flow for the half year (Rs. in crore)
- Net cash from operating activities 43.77, against (34.71) for the half year ended 30th September, 2025.
- Cash and cash equivalents at the close of the half year: 10.58.
Other points in the standalone results
- The Company incorporated a subsidiary, Maxwell Grid Transformers (UK) Private Limited, in the United Kingdom on September 4, 2026; no capital has been contributed to the subsidiary and it has not yet commenced operations.
- The operations of the Company are limited to one segment, manufacturing of transformers and rectifiers.
Auditor's conclusion
- The review was carried out under Standard on Review Engagement 2410 and provides moderate assurance; it is not an audit and no audit opinion is expressed.
- Based on the review, nothing has come to the auditor's attention that causes them to believe the statements contain a material misstatement or fail to disclose information required to be disclosed.
How to read this
- The quarter's standalone and consolidated revenue from operations, profit before tax and profit for the period are higher than in the quarter ended 30th September, 2025, and the half-year figures run in the same direction. The statements also show the audited year ended 31st March, 2026 column alongside, which allows a like-for-like comparison.
- These are unaudited results that have been subjected to a limited review.
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More numbers
- Standalone revenue from operations, Q2 FY27 (quarter ended 30.09.2026)709.04
- Standalone revenue from operations, Q2 FY26 (quarter ended 30.09.2025)428.42
- Standalone profit for the period, Q2 FY2775.01
- Standalone basic EPS, Q2 FY27 (in Rs.)2.50
- Standalone profit for the period, half year ended 30.09.2026124.88
- Consolidated revenue from operations, Q2 FY27739.44
- Consolidated profit for the period, Q2 FY2781.38
- Consolidated basic EPS, half year ended 30.09.2026 (in Rs.)4.71
Source: BSE · 13 Oct 2026
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