Press Release

Date: 20th July, 2026 Ref: TARIL/SECT/2026-27/NSE-BSE/COMPL/027 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra - Kurla Complex, Mumbai - 400 001 Bandra (E), Mumbai - 400 051 Security Code : 532928 Trading Symbol : TARIL Dear Sir/Madam, Sub: Press Release- Q1-2026-27 In terms of Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we send herewith Press Release on the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended 30th June, 2026. Please take the same on your record. Thanking you, Yours faithfully, For Transformers and Rectifiers (India) Limited Rakesh Kiri Company Secretary Encl.: As above TRANSFORMERS & RECTIFIERS (INDIA) LTD. PRESS RELEASE Transformers & Rectifiers (India) Ltd. Reports Q1 FY27 Results; Strong Order Book and Strategic Investments Position Company for Sustained Growth ● Profit After Tax (PAT) stood at Rs. 64.34 crore; Revenue grows 8% YoY to Rs. 572.34 crore ● Record order book of Rs. 6,630 crore; Robust order inflows provide strong visibility for future growth Rs. 572.34 cr 19.16% Rs. 6,630 cr REVENUE (Q1 FY27) EBITDA MARGIN ORDER BOOK +8% YoY EBITDA: Rs. 109.65 cr Record, +26% YoY Key Highlights Financial Performance ● Revenue from operations grew 8% YoY to Rs. 572.34 crore. ● EBITDA stood at Rs. 109.65 crore, with an EBITDA margin of 19.16%. ● Profit After Tax (PAT) stood at Rs. 64.34 crore Business Update ● Order inflows stood at Rs. 2,114 crore, up 218% YoY. ● Record unexecuted order book of Rs. 6,630 crore, up 26% YoY, providing healthy revenue visibility. ● Robust enquiry pipeline of approximately Rs. 23,000 crore. ● Capacity expansion at Changodar and backward integration projects continue to progress as planned. Full Report Ahmedabad, July 20, 2026: Transformers & Rectifiers (India) Limited (TARIL), one of India's leading manufacturers of power and specialty transformers, today announced its financial results for the first quarter ended June 30, 2026. Company delivered steady revenue growth during the quarter while achieving record order inflows and its highest-ever unexecuted order book, reflecting sustained customer demand and providing strong visibility for future growth. Supported by continued investments in manufacturing capacity and favourable industry tailwinds, TARIL remains well positioned to capitalise on India's expanding power infrastructure opportunities. For the first quarter of FY27, the Company reported revenue from operations of Rs. 572.34 crore, compared with Rs. 529 crore in the corresponding quarter of the previous year, registering an 8% year-on-year growth. EBITDA stood at Rs. 109.65 crore, while EBITDA margin was 19.16%. Profit After Tax (PAT) for the quarter stood at Rs. 64.34 crore, reflecting the Company's continued focus on disciplined execution and operational efficiency. Revenue growth during the quarter was moderated by lower capacity utilisation at the Changodar manufacturing facility owing to ongoing expansion activities. The expansion is expected to be completed by August 2026, following which the plant is anticipated to operate at improved utilisation levels. TARIL — Q1 FY27 Results | Page 1 TRANSFORMERS & RECTIFIERS (INDIA) LTD. PRESS RELEASE Operational momentum remained robust, with order inflows increasing 218% year-on-year to Rs. 2,114 crore during the quarter. As of June 30, 2026, the Company's unexecuted order book reached a record Rs. 6,630 crore, representing a 26% year-on-year increase and providing healthy revenue visibility over the coming quarters. The Company also continues to maintain a healthy enquiry pipeline of approximately Rs. 23,000 crore, supported by increasing investments in power transmission infrastructure, renewable energy integration, industrial expansion and export opportunities. The Company continues to make steady progress on its strategic growth initiatives. Expansion of the Changodar manufacturing facility with an investment of approximately Rs. 150 crore, backward integration projects worth Rs. 900– 1,000 crore, and the development of three greenfield manufacturing facilities at Chiyada are progressing as planned. These initiatives will strengthen TARIL's manufacturing capabilities, enhance operational efficiencies and support future growth Together these investments will strengthen manufacturing capabilities across critical transformer components, improve operational efficiencies and support the Company's long-term growth strategy. “We have begun FY27 on a steady footing, supported by healthy project execution and sustained demand across the power sector. Our record order book and strong order inflows reflect the trust our customers continue to place in TARIL and provide us with strong visibility for the coming quarters. While the ongoing expansion at our Changodar facility temporarily moderated revenue growth during the quarter, it is a strategic investment that will significantly enhance our manufacturing capabilities and support future demand. With capacity expansion progressing as planned, a healthy enquiry pipeline and favourable industry fundamentals, we remain confident of sustaining our growth momentum. As India advances towards its Viksit Bharat 2047 vision, continued investments in transmission infrastructure will create significant opportunities, and TARIL remains committed to supporting this transformation through technology, manufacturing excellence and disciplined execution.” — Mr. Satyen J. Mamtora, Managing Director & CEO India's continued investments in power transmission, renewable energy and grid modernisation are expected to drive sustained demand for advanced transformer solutions. Backed by a record order book, expanding manufacturing capabilities and continued strategic investments, TARIL remains well positioned to capitalise on these opportunities while delivering sustainable growth and long-term value to its stakeholders. TARIL — Q1 FY27 Results | Page 2 Transformers and Rectifiers (India) limited Registered Office : Survey No. 427 P/3-4, & 431 P/1-2, Sarkhej-Bavla Highway, Morniya, Taluka: Sanand, Dist. Ahmedabad, Gojarat-3822H ClN :t33l21GJl994PLC02.24GO, E-Mal!: cs@transformerindla.com, Website; www.transformerindia.com Statement of Unaudited Standalone Financial Results for the Quarter ended June 30, 2026 tRs. in Crorn ex•n~ • Mf share data I Quarter Ended \'ear Ended l'artici,lars No 30.06.202(1 31.03.2026 30.06.2025 31.03.2026 (Unaudited) (Audited\ IUnaudltedl {Audited) l Income o. Revenua from Operntion.s 559.28 752.33 510.53 2,395.49 b. Other Income I 1.4.28 22.42 15.38 56.8' 'Total Income 573.56 774.75 52.6.91 ~ 1'<~ >, 2 Expenses a. Cost of Materials Consumed 451..191 543-A0 336.15 1,163.00 b. Purchases of Stock-in-trade 0.31 0.15 0.68 1.94 c. Changes in Inventories of Finished Goods & Work-In-Progress (49.92) (13.40) 7.98 (79.43) §!,!. Frnnloyee Benefits Expenses 18-45 29.78 15.66 85.09 e. Finance Cost 14.28 12.62 9.19 44,92 f. Depredation & Amortiz.ition Expenses 5.06 5.26 6.25 23.20 g. Other Expenses 66,16 97.92 69.74 31L78 Toto/ Expenses 505.53 675,73 445.SS 2,lS0.50 3 Profit before exeeptionol items an(/ tax (J-2) 68.03 99.02 81.26 301.84 4 Exceptiono/ Items Reversal of impairment on Investments 5 Ptcfit Before Tax 13+41 6S.03 99.02 $1,26 301.84 6 Tox Expense . Current fax 17.82 26.12 17.51 80.46 Oeferr ed Tax 0.34 14.57 3.60 (5.96 Tax Adiustment of Earlier Years 1.91 Total Tax E,mense 18.16 21.SS 21.11 76.41 ...2.. £!Ef!J. for the cerlcd (5·6! 49.87 77.47 "'"~ 225.43 s Other Comprehensive Income • Items that will not be redasslfled to profit or loss • Rerm,asurement of Defined Benefit Obligation 0.10 (0.21) 0.10 M9 -· Income tax liability of items that will not tie reclassified to profit (O.OS) 0.05 {0.05) {CLOS} /or loss 9 rota/ ComJJrehenslve Income {7+-8) 49.92 77.31, 60,20 225A7 10 Paid•un Eou/tv Share Capital of Face Value of R [Showing first 8,000 characters — download PDF for full document]