Shares of Transformers and Rectifiers (India) Ltd (TARIL) surged 16.04 per cent on Friday to close at Rs 277.50, recovering 20.65 per cent from an intraday all-time low of Rs 230 hit yesterday. Despite the rebound, the stock remains down 44.94 per cent over the past six months. Advertisement

Earlier this month, TARIL secured a Rs 53.33 crore order for an HVDC converter transformer and related works. Prior to that, it won a Rs 389.97 crore contract to manufacture transformers.

The stock had fallen sharply following weak quarterly results and a World Bank debarment. For Q2 FY26, TARIL reported revenue of Rs 460 crore, flat year-on-year (YoY). EBITDA declined 26 per cent to Rs 52 crore, and profit after tax fell 19 per cent to Rs 37 crore. EBITDA and PAT margins dropped 380 basis points (b

See Full Page