Indo Tech Transformers Q1 FY26: profit up 224% YoY

Q1 snapshot: growth stays strong year-on-year

Indo Tech Transformers reported a sharp year-on-year improvement in profitability for the quarter ended Jun 25, even as revenue fell sequentially compared with the preceding quarter ended Mar 26. The company’s net income for the Jun 25 quarter came in at ₹19.17 crore, up 224.37% from ₹5.91 crore in Jun 24. Total revenue stood at ₹163.93 crore, nearly doubling from ₹82.15 crore a year ago, a 99.55% year-on-year increase.

On a quarter-on-quarter basis, the picture was softer. Revenue declined 20.44% from ₹238.99 crore in Mar 26 to ₹163.93 crore in Jun 25. Net income also decreased 8.63% from ₹23.92 crore in Mar 26. The data reflects a strong base effect versus the prior-year quarter, while the sequential comparison captures a cooler quarter after a higher Mar 26 run-rate.

Key reported numbers for the quarter ended Jun 25

The company reported operating income of ₹22.88 crore for Jun 25 versus ₹7.11 crore in Jun 24, translating into 221.80% year-on-year growth. In the same period, operating expenses increased year-on-year to ₹141.05 crore from ₹75.04 crore, but were lower than Mar 26 levels of ₹207.92 crore.

Net income before taxes was ₹25.01 crore in Jun 25, compared with ₹8.33 crore in Jun 24, showing a 200.24% year-on-year increase. Depreciation and amortisation for the quarter was ₹1.12 crore, broadly stable versus ₹1.08 crore last year. Diluted normalised EPS for Jun 25 was reported at ₹18.05, up from ₹5.56 in Jun 24, while lower than ₹22.53 in Mar 26.

Expenses: sequential decline after Mar 26 peak

The Jun 25 quarter showed a decline in cost lines compared with Mar 26. Total operating expense was ₹141.05 crore, down 24.38% versus ₹207.92 crore in Mar 26. Other operating expenses total fell 27.89% to ₹15.54 crore from ₹19.44 crore. Selling, general and administrative expenses also declined 19.98% to ₹8.53 crore compared with ₹10.15 crore in Mar 26.

Year-on-year, however, total operating expense rose 87.97% from ₹75.04 crore in Jun 24, reflecting a materially higher scale of operations alongside higher reported revenue.

Table: Indo Tech Transformers Jun 25 quarter performance

All figures are in ₹ crore except per-share values.

How recent quarters moved: sales and profit trajectory

A separate quarterly financial snapshot shows net sales of ₹163.93 crore for Jun 2025, after ₹206.06 crore in Mar 2025. Sales then rose to ₹182.86 crore in Sep 2025 and ₹196.30 crore in Dec 2025, before climbing to ₹238.99 crore in Mar 2026. Profit after tax in this series was ₹19.17 crore in Jun 2025 and ₹23.92 crore in Mar 2026. Adjusted EPS was reported at ₹18.05 for Jun 2025 and ₹22.52 for Mar 2026.

The same dataset shows total expenditure of ₹139.93 crore in Jun 2025 and ₹206.63 crore in Mar 2026. Operating profit was ₹24.00 crore in Jun 2025 and ₹32.36 crore in Mar 2026. Interest cost remained low at around ₹0.51 crore to ₹0.62 crore in the quarters shown.

FY26 audited results: revenue ₹782.08 crore, profit ₹92.77 crore

Indo Tech Transformers also reported audited financial results for the quarter and financial year ended March 31, 2026. For FY26, sales were reported at ₹782.08 crore, up 27.84% from ₹611.78 crore in FY25. Full-year net profit was reported at ₹92.77 crore, up 45.23% from ₹63.88 crore in FY25.

For the quarter ended March 31, 2026, reported standalone net sales were ₹238.99 crore, up 15.98% from ₹206.06 crore in the quarter ended March 2025. Quarterly net profit for March 2026 was ₹23.92 crore, up 14.01% from ₹20.98 crore in March 2025. EPS for March 2026 was reported at ₹22.53 versus ₹19.75 in March 2025.

Audit and board approvals: unmodified opinion

The audited results for the quarter and year ended March 31, 2026 were approved by the Board on May 20, 2026. The statutory auditors, ASA & Associates LLP, issued an audit report with an unmodified opinion on the audited standalone financial results, as stated in the company’s disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The filing also notes that the March 31, 2026 quarter is the balancing figure between audited full-year numbers and the published unaudited year-to-date figures up to the third quarter that were subject to limited review.

Profitability markers: EBITDA and margin data points

For the quarter ended March 31, 2026, the company reported EBITDA of ₹33.67 crore, up 29.4% from ₹26.02 crore in March 2025. Another set of metrics in the provided data states Q4 EBITDA rose to ₹32.3 crore from ₹20.7 crore year-on-year, and the EBITDA margin expanded to 13.54% from 10.03%.

While the Jun 25 quarter dataset focuses on operating income rather than EBITDA, the combination of higher revenue year-on-year and controlled sequential operating expenses provides context to the reported earnings profile across quarters.

Stock and trading cues cited in the data

A market price snapshot shows the stock at 3,585.00, up 19.70 (0.55%), marked as an “IST delayed quote” with an update timestamp of Aug 6, 2026 at 4:35 p.m. Separately, the stated current share price is ₹3,560.

The dataset also notes that shares closed at 2,454.90 on May 19, 2026 (NSE) and delivered 43.39% returns over the prior six months and -2.66% over the prior 12 months, as per the cited snapshot.

What investors may track next

The headline Q1 takeaway is the sharp year-on-year improvement in profit and EPS for the Jun 25 quarter, alongside a sequential decline from the Mar 26 quarter. Investors typically watch whether revenue normalises after a softer sequential quarter and whether margins hold as the cost base scales.

On the compliance side, the audited FY26 results approved on May 20, 2026 and the unmodified audit opinion provide clarity on reporting and regulatory adherence. Any subsequent quarterly updates will help investors assess whether the stronger FY26 trend in revenue and profit continues.

Conclusion

Indo Tech Transformers’ Jun 25 quarter delivered revenue of ₹163.93 crore and net profit of ₹19.17 crore, with year-on-year profit growth above 200% and EPS at ₹18.05. The company’s audited FY26 numbers show sales of ₹782.08 crore and net profit of ₹92.77 crore, approved by the Board on May 20, 2026 with an unmodified audit opinion. The next key signposts will be upcoming quarterly disclosures that clarify the trajectory after the sequentially softer Jun 25 quarter.