Transformers and Rectifiers India CFO Chanchal Rajora said near-term pressures from deferred Middle East exports and higher input costs are temporary, while the long-term outlook remains positive. Speaking to NDTV Profit, Rajora clarified that margin guidance has consistently been around 17% and remains on track. He said export delays worth Rs 90–100 crore due to regional conflict are firm orders and will be executed once conditions stabilise.