Transformers & Rectifiers (India) (TARIL) reported a strong financial performance for Q3 ending December 31, 2025, with consolidated revenue of Rs 7.36 billion, marking a 32% year-on-year growth. EBITDA increased by 38% to Rs 1.29 billion, and profit after tax rose 37% to Rs 760 million, driven by better capacity utilization and cost efficiencies. The company achieved fresh order inflows of Rs 6.65 billion and maintains a robust order pipeline, ensuring revenue visibility. Satyen J. Mamtora, the Managing Director, has transitioned to CEO, aiming to enhance operational capabilities and growth prospects. TARIL targets approximately Rs 26 billion in revenue for the current financial year.
Power Transmission And Storage Solutions
Tata Projects–backed Tata AutoComp Renewable Infrastructure Limited (TARIL) has delivered a powerful financial performance in the third quarter of FY26, reinforcing its position as one of India’s fastest-growing clean energy infrastructure companies. The company posted a 32 percent year-on-year jump in revenue to Rs 7.36 billion, while profits surged sharply on the back of strong project execution, growing renewable energy investments, and rising demand for power transmission and storage solutions. This performance comes at a time when India’s renewable energy sector is witnessing unprecedented growth, driven by government policies, private sector participation, and global investor interest in decarbonization.
The Q3 FY26 numbers not only reflect TARIL’s strong operational momentum but also signal increasing confidence among stakeholders in the company’s long-term strategy The revenue growth was primarily driven by a significant ramp-up in engineering, procurement and construction activity across solar, wind, hybrid power, and grid-connected energy storage projects. TARIL has emerged as a key EPC player supporting India’s transition to clean energy, and its expanding project pipeline has translated into higher billing and improved cash flows. The company has benefited from the strong push toward renewable integration in India’s power system, as grid.
Goal Being Aggressively Pursued
Operators increasingly require battery energy storage systems and advanced transmission infrastructure to stabilize renewable output. This trend aligns closely with India’s target of achieving 500 GW of non-fossil fuel power capacity by 2030, a goal being aggressively pursued by agencies such as the Ministry of New and Renewable Energy Profitability during the quarter improved substantially as TARIL achieved better project execution efficiency, lower input costs, and higher margins from value-added contracts such as turnkey solar parks, grid substations, and integrated renewable hubs. The surge in profits also reflects a more balanced project mix.
With an increasing share of high-margin renewable infrastructure compared to traditional EPC contracts. The company’s focus on technologically advanced solutions such as large-scale solar inverters, battery storage integration, and digital monitoring One of the key factors behind TARIL’s strong Q3 FY26 performance has been the continued expansion of its order book. The company has secured multiple new contracts for solar power plants, wind-solar hybrid projects, and transmission infrastructure across several Indian states. These projects are not only large in scale but are also strategically important for India’s clean energy roadmap. TARIL’s diversified.
Market Fluctuations Rising demand
Presence across generation, evacuation, and storage allows it to capture value across the entire renewable energy value chain. This integrated approach has reduced its dependency on any single segment and has made its earnings more resilient to market fluctuations The rising demand for battery energy storage systems has been another growth driver for TARIL. As renewable penetration increases, utilities and grid operators need storage solutions to balance intermittent supply and maintain grid stability. TARIL has positioned itself as a key EPC and system integrator in this segment, delivering utility-scale battery projects that support round-the-clock renewable power.
This aligns with broader trends in the Indian power sector TARIL’s performance also reflects strong policy tailwinds. Government incentives for renewable energy, including production-linked incentives, viability gap funding for storage, and green corridor investments, have created a favorable business environment for infrastructure providers. In addition, state-level renewable tenders and corporate power purchase agreements have increased demand for EPC services. TARIL has leveraged its technical expertise and project management capabilities to win these contracts, allowing it to maintain high utilization rates and steady revenue inflows. The company’s close alignment with national clean energy.
TARIL To Reduce Debt And Reinvest
Objectives gives it a competitive edge as India accelerates its decarbonization drive From a financial standpoint, the company’s balance sheet has strengthened as well. Higher profitability has improved cash generation, enabling TARIL to reduce debt and reinvest in growth initiatives. This financial discipline is crucial in a capital-intensive industry like energy infrastructure, where project delays or cost overruns can quickly erode margins. By maintaining tight control over project execution and working capital, TARIL has been able to translate revenue growth into sustainable profits Market sentiment around TARIL has also been boosted by the broader rally in renewable energy stocks in India.
As global capital increasingly flows into green infrastructure, companies with proven execution capabilities and strong order pipelines are attracting premium valuations. TARIL’s Q3 FY26 results reinforce the view that it is well positioned to benefit from this structural trend. Its (India) association with the Tata Group further enhances investor confidence, as it brings governance standards, financial backing, and strategic synergies that few competitors can match TARIL’s growth prospects remain robust. The company is actively bidding for new projects in solar parks, wind farms, hybrid renewable systems, and battery storage facilities. With India expected to add tens of gigawatts of renewable capacity.
Complex Projects Efficiently, Supporting
Every year over the next decade, the demand for EPC and infrastructure services is likely to remain strong. TARIL’s investments in technology, digital project management, and skilled manpower will help it execute larger and more complex projects efficiently, supporting both revenue growth and margin expansion The Q3 FY26 performance also highlights the company’s ability to adapt to changing market dynamics. While traditional power EPC faced pricing pressure in the past, TARIL has successfully pivoted toward renewable and grid-modernization projects, which offer better growth and profitability. This strategic shift is paying off, as seen in the 32 percent jump in revenue and the sharp rise in profits.
As energy transition accelerates, companies like TARIL that can deliver end-to-end clean energy solutions will play a crucial role in shaping India’s power landscape TARIL’s Q3 FY26 results mark a significant milestone in its growth journey. The combination of strong revenue expansion, rising profitability, and a healthy order book underscores the company’s operational excellence and strategic clarity. (India) With India’s renewable energy ambitions gathering momentum, TARIL is well positioned to capitalize on the massive investment cycle underway in clean power, transmission, and energy storage. Its performance not only strengthens its standing among.
Q1. What was TARIL’s revenue in Q3 FY26?
TARIL reported revenue of Rs 7.36 billion in Q3 FY26, marking a 32 percent year-on-year increase.
Q2. What drove TARIL’s profit surge in Q3 FY26?
Higher project execution, better margins from renewable infrastructure, and strong demand for energy storage and transmission projects led to profit growth.
Q3. Which sectors contribute most to TARIL’s growth?
Solar, wind, hybrid renewable energy, battery storage, and power transmission infrastructure are the key growth drivers.
Q4. How does TARIL benefit from India’s clean energy push?
Government incentives, rising renewable tenders, and grid modernization programs create strong demand for TARIL’s EPC and infrastructure services.
Q5. Is TARIL positioned for future growth?
Yes, its expanding order book, strong financials, and focus on clean energy infrastructure support long-term growth.
