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Transformer & Rectifiers drops after CEO, Mukul Srivastava resigns; Q3 PAT climbs 37% YoY

08-Jan-26   16:43 Hrs IST
Following his exit, the board appointed Satyen J. Mamtora, the company's managing director (MD), as CEO with effect from 8 January 2026.

Satyen J. Mamtora is the MD of TARIL and a second-generation entrepreneur with over three decades of experience in the transformer manufacturing and power equipment sector. He joined TARIL in 1997 as director ' marketing and has since played a central role in expanding the company's market presence, strengthening customer relationships, and guiding its evolution from a regional manufacturer to a globally recognised transformer organisation.

Meanwhile, the company announced its Q3 result, reporting 36.93% YoY jump in consolidated net profit to Rs 75.97 crore on 31.71% increase in revenue from operations to Rs 736.76 crore in Q3 FY26 over Q3 FY25.

Profit before tax (PBT) jumped 46.2% YoY to Rs 107.79 crore in Q3 FY26. EBITDA surged 38% YoY to Rs 129.24 crore in Q3 FY26. EBITDA margin expanded to 17.54% in Q3 FY26 as against 16.76% in Q3 FY25.

The unexecuted order book stood at Rs 5,450 crore, up 47.86% YoY and down 0.4% QoQ.

The company's revenue target for current financial year is Rs 2,600 crore.

Headquartered in Ahmedabad, Transformer & Rectifiers (India) (TARIL) is a leading manufacturer of transformers and reactors. It caters to power generation, transmission, distribution, and industrial sectors on a B2B model. Its product portfolio spans single-phase power transformers up to 500 MVA and 1200 kV, furnace, rectifier, and distribution transformers, as well as specialty units for locomotive traction, solar applications, green hydrogen, and mobile substations.

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