Transformers and Rectifiers (India) Ltd reported a weak performance for the September quarter (Q2 FY26), with net profit declining 24% year-on-year to ₹34 crore from ₹45 crore.

The company's revenue remained largely flat at ₹460 crore compared to ₹462 crore in the same period last year.

Operating performance also softened, with EBITDA down 27% YoY to ₹51.3 crore from ₹70 crore, while margins contracted to 11.15% from 15.13% a year earlier, reflecting cost pressures and lower operating efficiency.

In a key management update, the company announced that Chanchal SS Rajora, currently serving as CFO and advisor to the board, has been elevated to the position of Director (Finance) with immediate effect.

Additionally, on the recommendation of the Nomination and Remuneration Committee,

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