TARIL appoints Satyen J. Mamtora as MD and CEO; Q3 FY26 results reported

Transformers and Rectifiers (India) Limited (TARIL) has informed the stock exchanges about changes in senior management and its unaudited financial performance for the third quarter of FY26.

Based on the recommendation of the Nomination and Remuneration Committee and the Board of Directors, Mr Satyen J. Mamtora, Managing Director of the company, has been appointed as Chief Executive Officer with effect from 08 January 2026. From this date, he will hold the designation of Managing Director and Chief Executive Officer. 

In a separate disclosure, the company stated that Mr Mukul Srivastava has resigned from the position of Chief Executive Officer, effective at the close of business hours on 07 January 2026. The resignation was tendered due to personal circumstances, as mentioned in his letter dated 18 November 2025.

For the quarter ended 31 December 2025, TARIL reported consolidated revenue from operations of Rs 736.76 crores, an increase of 32% year on year. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at Rs 129.24 crores, up 38% year on year, with an EBITDA margin of 17.54%. Profit After Tax (PAT) was reported at Rs 76.00 crores, a 37% year on year increase, resulting in a PAT margin of 10.26%.

On a standalone basis, revenue from operations was Rs 704.21 crores, reflecting a 29% year on year increase. Standalone PAT stood at Rs 71.08 crores, up 41% year on year.

The company also reported updates on operations and order inflows. As of 31 December 2025, TARIL’s unexecuted order book stood at Rs 5,450 crores. New order inflow during Q3 was Rs 665 crores, while inquiries under negotiation were valued at over Rs 16,500 crores. The company has set a revenue target of Rs 2,600 crores for the current financial year.