TARIL Share Price Drops 12% Following Q4 Earnings Release, Declares Dividend of ₹0.25 Per Share

TARIL Q4 Results 2026: Weak Quarter Impacts Small-Cap Stock's Share Price

Transformers and Rectifiers (India) (TARIL), a small-cap stock, witnessed a significant decline of 12% in its share price on Wednesday, April 22, following the release of its quarterly results for the period ended March 2026 (Q4FY26).

The company reported a steady sequential improvement in its March quarter performance, with profitability and revenue both moving higher. Net profit (PAT) rose 9.06% QoQ to ₹77.47 crore in Q4 FY26, compared to ₹71.03 crore in Q3 FY26. However, the growth remained muted on a YoY basis, with PAT increasing just 1.15% from the same quarter last year.

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Revenue from operations came in at ₹752.33 crore, up 6.83% QoQ from ₹704.21 crore, while registering a stronger 16.22% YoY growth, indicating improved execution and demand momentum. Total income for the quarter stood at ₹774.75 crore, rising 9.14% QoQ from ₹709.87 crore and posting an 18.24% increase compared to the year-ago period.

On the cost front, total expenses increased 10.07% QoQ to ₹675.73 crore, up from ₹613.90 crore in the previous quarter and ₹563.12 crore in Q4 FY25, partially offsetting the gains in revenue.

For the full financial year FY26, TARIL reported revenue from operations of ₹2,395.49 crore and total income of ₹2,452.34 crore. Profit before tax stood at ₹301.84 crore, while net profit came in at ₹225.43 crore.

The company also announced a final dividend of 25%, translating to Re 0.25 per equity share of Re 1 each, subject to shareholder approval at the upcoming AGM.

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Other notable highlights from the quarter include:

• The company secured new orders worth ₹244 crore during the quarter, while strategically deferring additional order wins to focus on projects with better margins, favourable payment terms, and alignment with its production cycle.
• Enquiries worth over ₹23,000 crore are currently under negotiation, indicating a strong pipeline.
• Continuous order inflows have also led to a robust unexecuted order book of around ₹5,005 crore as of March 31, 2026.
• The company secured a landmark order from Power Grid Corporation of India (PGCIL) for the repair of an HVDC transformer, which could lead to approval of its HVDC transformer manufacturing technology by PGCIL.
• Operationally, the company reported its highest-ever production of around 33,000 MVA in FY26, while maintaining stable EBITDA and PAT margins.

The company's stock performance has been volatile in recent times, shedding as much as 12.1% to its day's low of ₹292.90. It has now lost over 50% of its investor wealth from its 52-week high of ₹594.80, hit in April 2025. However, it has given multibagger returns in the long term, soaring around 3360% in 5 years.