Transformers and Rectifiers Battles Rising Expenses; Announces Significant Capex

Transformers and Rectifiers (India) reported a slight 3% drop in consolidated net profit, falling to Rs 91.39 crore for the March quarter of FY26, affected by escalating expenses. The company's net profit had been Rs 94.19 crore in the same timeframe last year, according to their recent exchange filing.

Total income for the company increased to Rs 805.04 crore, rising from Rs 683.42 crore in the January-March quarter of FY25. This was offset by a surge in expenses, which jumped to Rs 685.57 crore from the previous year's Rs 567.43 crore. CEO Satyen J Mamtora announced plans for a Rs 600 crore capex to boost capacity and meet future market demands.

The company maintains a robust order book valued at Rs 5,005 crore, with FY26 inflows of Rs 2,374 crore. Mamtora emphasized the company's strategic focus on enhancing technological capabilities and operational efficiencies to deliver sustainable growth and improve margins.

(With inputs from agencies.)