Transformers & Rectifiers (India) (TARIL) reported a robust financial performance for the third quarter ended December 31, 2025, posting strong growth across revenue and profitability metrics. The company, a leading manufacturer of power and specialty transformers, benefited from improved operating leverage, disciplined execution and ongoing process optimisation initiatives.During the quarter, TARIL recorded consolidated revenue from operations of Rs 7.36 billion, marking a year-on-year growth of 32 per cent. EBITDA stood at Rs 1.29 billion, up 38 per cent year-on-year, while profit after tax increased 37 per cent to Rs 760 million. The improvement in margins was driven by better capacity utilisation, tighter cost controls and efficiency gains across manufacturing and project execution.Business momentum remained healthy, supported by fresh order inflows of Rs 6.65 billion during the quarter. The company continues to witness a strong and expanding order pipeline, driven by sustained demand from utilities, infrastructure developers and industrial customers. This trend provides improved revenue visibility for the coming quarters.Operational enhancements across manufacturing and delivery processes have further strengthened execution timelines and profitability. Management noted that efficiency improvements implemented over recent periods are now translating into tangible financial benefits.During the quarter, the Board of Directors approved a leadership transition, with Satyen J. Mamtora, Managing Director, assuming the additional role of Chief Executive Officer. With over three decades of experience in the transformer and power equipment sector, Mamtora has been instrumental in strengthening TARIL’s execution discipline, operational capabilities and technology roadmap. In his expanded role, he will lead the company’s next growth phase, focusing on operational excellence, advanced transformer solutions and market expansion.Commenting on the performance, Satyen J Mamtora, Managing Director & CEO, Transformers & Rectifiers (India), said, “The strong growth in revenue and profitability during the quarter reflects the effectiveness of our execution strategy and our sustained focus on operational excellence.”Looking ahead, TARIL remains optimistic about growth prospects, supported by continued investments in power transmission, infrastructure and industrial development. The company is targeting revenue of around Rs 26 billion for the current financial year, backed by a strong pipeline and improving execution momentum.