1 hour ago
HomeMarket NewsTransformers & Rectifiers shares tank 10% after Q4 margins shrink to six-quarter low
For FY27, the company has guided for revenue of ₹3,200 crore and EBITDA margins in the 15-17% range.
By Meghna Sen April 22, 2026, 10:17:05 AM IST (Updated)
2 Min Read
Shares of Transformers and Rectifiers (India) Ltd. declined as much as 10% on Wednesday, April 22, after the company's Q4FY26 results came in below expectations, weighed down by margin pressures and weak order trends.
Margins fell to their lowest level since Q2FY25, impacted by a sharp 64% YoY increase in employee costs.
The company has been seeing sluggish momentum, with order inflows remaining weak over the past four quarters. Its order backlog has also been declining for the last three quarters, indicating soft demand visibility.
Revenue for the quarter rose 15.7% YoY to ₹782.67 crore, compared with ₹676.48 crore in Q4FY25.
However, earnings before interest, tax, depreciation and amortisation (EBITDA) declined 9.79% YoY to ₹118.44 crore from ₹131.30 crore, leading to a contraction in EBITDA margin to 15.13% from 19.41% a year ago.
Profit after tax (PAT) stood at ₹91.4 crore, slightly lower than ₹94.2 crore in the year-ago quarter, showing a 2.97% YoY decline.
In ₹cr /td> | |||
Q4FY26 | Q4FY25 | YoY% | |
Rev | 782.67 | 676.48 | 15.70% |
Ebitda | 118.44 | 131.30 | -9.79% |
EBITDA margin | 15.13% | 19.41% | |
Pat | 91.4 | 94.2 | -2.97% |
First Published:
Apr 22, 2026 10:15 AM
IST
