Transformers and Rectifiers Q4 FY26 Results: FY26 Annual Revenue ₹2,395 Crore (+23%), Transformers and Rectifiers Q4 PAT ₹89 Crore — Order Book ₹5,005 Crore, HVDC Milestone

Transformers and Rectifiers Q4 FY26 results were declared on April 21, 2026. The Transformers and Rectifiers Q4 FY26 standalone net profit came in at approximately ₹89 crore — down about 5% year-on-year from ₹94.2 crore in Transformers and Rectifiers Q4 FY25. However, the Transformers and Rectifiers Q4 quarterly result should be viewed alongside the strong full-year picture: FY26 standalone revenue reached ₹2,395.49 crore — up 23% YoY — and FY26 PAT was ₹225.43 crore, up 20.2% YoY. Transformers and Rectifiers Q4 on a consolidated basis showed even stronger full-year numbers: total income ₹2,569.65 crore and PAT ₹272.17 crore (+25.7% YoY).

The Transformers and Rectifiers Q4 FY26 board declared a final dividend of ₹0.25 per equity share (25% on face value of ₹1) — a direct reward to shareholders from the Transformers and Rectifiers Q4 strong full-year performance. The Transformers and Rectifiers Q4 unexecuted order book stands at ₹5,005 crore with ₹23,000+ crore in active tender negotiations — providing exceptional Transformers and Rectifiers Q4 and FY27 revenue visibility.

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Transformers and Rectifiers Q4 FY26 — Financial Results Table

Source: Transformers and Rectifiers Q4 FY26 standalone and consolidated audited results, Investywise, BSE/NSE filing April 21, 2026.

Transformers and Rectifiers Q4: The HVDC Breakthrough

The most significant strategic development from the Transformers and Rectifiers Q4 and full-year results is the HVDC milestone. During FY26, Transformers and Rectifiers Q4 and annual operations secured India’s first-ever HVDC (High Voltage Direct Current) transformer repair order from PowerGrid Corporation of India (PGCIL). This makes Transformers and Rectifiers Q4 and the overall company the first Indian entity to enter the highly specialised HVDC ecosystem — previously dominated by global OEMs like ABB, Siemens, and Alstom. Transformers and Rectifiers Q4 and HVDC capability positions the company for high-margin future HVDC manufacturing orders as India expands its 765 kV and HVDC transmission corridors.

For Transformers and Rectifiers Q4 investors, this HVDC milestone is not just about the current repair order — it is a qualification gateway. Post this Transformers and Rectifiers Q4 achievement, the company can bid for future HVDC equipment supply orders, which carry significantly higher value and margins than conventional power transformers. This transforms the Transformers and Rectifiers Q4 long-term growth trajectory.

Transformers and Rectifiers Q4: India’s Power Sector Super-Cycle

Transformers and Rectifiers Q4 revenue growth of 23% YoY for FY26 is directly tied to India’s power infrastructure super-cycle. The government has committed to adding 500 GW of renewable energy by 2030, requiring massive grid upgrades. Every renewable energy project — solar, wind, hydro — requires multiple power transformers to step up voltage for grid transmission. Transformers and Rectifiers Q4 and FY27 order pipeline of ₹16,000+ crore in active tenders reflects the scale of this opportunity. The Transformers and Rectifiers Q4 order book of ₹5,005 crore provides approximately 2x annual revenue coverage — excellent visibility for Transformers and Rectifiers Q4 and FY27 execution.

The Transformers and Rectifiers Q4 FY26 full-year EBITDA of ₹370 crore (+17% YoY) at a 15.1% margin is healthy for a manufacturing business. Transformers and Rectifiers Q4 backward integration initiatives — CTC plant (Q1 FY27), Press Board (Q3 FY27), bushings and fabrication — will add approximately 200 basis points to Transformers and Rectifiers Q4 and future EBITDA margins once fully operational. The Transformers and Rectifiers Q4 manufacturing capacity has now reached 75,000 MVA with further expansion planned.

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Transformers and Rectifiers Q4 FY26: Conclusion

Transformers and Rectifiers Q4 FY26 results confirm a company on a strong long-term growth trajectory. While the Transformers and Rectifiers Q4 standalone PAT of ₹89 crore was slightly below the Transformers and Rectifiers Q4 FY25 base of ₹94 crore (−5%), the full-year picture is excellent: Transformers and Rectifiers Q4 and FY26 full-year revenue +23%, PAT +20%, EBITDA +17%, HVDC breakthrough, and order book at ₹5,005 crore. The Transformers and Rectifiers Q4 dividend of ₹0.25/share and the roadmap to US$1 billion revenue by FY29 make this Transformers and Rectifiers Q4 result a positive one overall.

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Transformers and Rectifiers Q4 FY26 — Frequently Asked Questions

1. What was Transformers and Rectifiers Q4 FY26 PAT?

Transformers and Rectifiers Q4 FY26 standalone PAT was approximately ₹89 crore — down about 5% YoY from ₹94.2 crore in Transformers and Rectifiers Q4 FY25. Transformers and Rectifiers Q4 consolidated full-year FY26 PAT was ₹272.17 crore (+25.7% YoY).

2. What is Transformers and Rectifiers Q4 FY26 annual revenue?

Transformers and Rectifiers Q4 and full FY26 standalone revenue was ₹2,395.49 crore — up 23% YoY from ₹1,950 crore in FY25. Transformers and Rectifiers Q4 consolidated full-year revenue was ₹2,569.65 crore.

3. What is the Transformers and Rectifiers Q4 order book?

Transformers and Rectifiers Q4 and year-end unexecuted order book stands at ₹5,005 crore. Additionally, Transformers and Rectifiers Q4 has ₹23,000+ crore in active tender negotiations — exceptional revenue visibility for FY27.

4. What was the Transformers and Rectifiers Q4 HVDC milestone?

Transformers and Rectifiers Q4 period saw the company secure India’s first HVDC transformer repair order from PGCIL — making Transformers and Rectifiers Q4 and the company the first Indian entity in the HVDC ecosystem. This Transformers and Rectifiers Q4 milestone opens the path to future high-value HVDC manufacturing orders.

5. What dividend did Transformers and Rectifiers Q4 declare?

Transformers and Rectifiers Q4 FY26 board declared a final dividend of ₹0.25 per equity share (25% on face value of ₹1), subject to shareholder approval at the AGM.

6. What is Transformers and Rectifiers Q4 revenue target?

Transformers and Rectifiers Q4 management has outlined a roadmap to US$1 billion (~₹8,500 crore) in revenue over three years — against Transformers and Rectifiers Q4 FY26 standalone revenue of ₹2,395 crore.

7. When do TCS announce Q4 results?

TCS Q4 FY26 results were declared on April 9, 2026.

8. Is Transformers and Rectifiers Q4 a good investment after results?

Transformers and Rectifiers Q4 results confirm a strong power infrastructure play. The Transformers and Rectifiers Q4 order book, HVDC entry, and 23% revenue growth are compelling. Execution risk on capacity expansion is the key watchpoint. Consult a SEBI-registered financial advisor before investing based on Transformers and Rectifiers Q4 results.

Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only. All financial data sourced from publicly available NSE/BSE filings and news sources. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.

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