Shares of Transformers and Rectifiers (India) Ltd (TARIL) jumped 18.7 per cent to INR 360.80 on October 14, marking the stock’s biggest single-day gain in 10 months. The surge followed the company’s Q2 FY27 results, which showed a 135 per cent year-on-year increase in consolidated net profit to INR 80 crore.

TARIL’s operational revenue grew 61 per cent to INR 739 crore, while EBITDA rose to INR 128 crore from INR 52 crore a year earlier. For the first half of FY27, net profit increased 39 per cent to INR 141 crore, and revenue from operations expanded 33 per cent to INR 1,312 crore. The quarter reported no exceptional items.

Order inflow for the quarter was INR 1,169 crore, up 97 per cent year-on-year, with the unexecuted order book at INR 7,237 crore as of September 30, 2026. Another report mentioned a quarterly order inflow of INR 3,283 crore, highlighting differing figures.

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On a standalone basis, revenue from operations rose 66 per cent to INR 709 crore. Standalone profit after tax was reported at approximately INR 75 crore in one report and INR 73 crore in another. The company reaffirmed its FY27 guidance of 25 per cent revenue growth, a 16 per cent EBITDA margin, and a profit after tax margin of 9 to 10 per cent.

The stock’s rally follows a sharp decline on November 10, 2025, when it hit its 20 per cent lower circuit at INR 314.20. During that period, Q2 FY26 profit after tax fell 19 per cent to INR 37.5 crore, and the EBITDA margin narrowed to 13.8 per cent from 17.1 per cent. TARIL, headquartered in Ahmedabad, manufactures transformers and reactors, serving customers in over 25 countries with an installed capacity of around 40,000 MVA.