| Revenue guidance | 25.0% → 27.0% Raised by 2.0 percentage points |
|---|---|
| Management target | Revenue 27.0% FY26 |
| Revenue growth | 30% YoY growth in FY26. |
|---|---|
| Margins | EBITDA margin at 11.91%; PAT margin at 6.11%. |
| Order book | ₹16,361 Cr (including L1); 61% domestic, 39% international. |
| Demand visibility | Strong; ₹16,361 Cr order book provides multi-year visibility. |
| Management confidence | High; exceeded revised growth guidance. |
Growth
FY26 revenue grew 30% YoY to ₹6,880 Cr; EBITDA rose 21% to ₹820 Cr; PAT increased 28% to ₹421 Cr.
Outlook
Targeting 196,000 TPA tower capacity; ₹16,361 Cr order book including L1; focus on HVDC and Solar EPC.
Risks
New labour code provision of ₹17 Cr impacted Q3 FY26 PAT; high working capital intensity noted.
Last quarter's promises, checked
Delivered
- Guided 25-27% Revenue Growth → delivered 30% (= BEAT)
- Guided 11.5-12.0% EBITDA Margin → delivered 11.92% (= BEAT)
- Guided Net Debt Reduction → delivered 30% YoY reduction (= BEAT)
Partly delivered
- Guided Phase 1 Tower Capacity Expansion → 1,72,000 MTPA reached, full 1,96,000 MTPA delayed to Q2 FY27 (= PARTIAL)
Missed
- Guided ~₹10,000 Cr Order Intake → delivered ₹8,520 Cr (= MISS)
Earnings Call filed with BSE, NSE: TRANSRAILL. Summary written with AI assistance from the document.
Transrail Lighting Ltd: key numbers
- Share price
- ₹482.40
- Market cap
- ₹6,477 Cr
- Revenue (annual)
- ₹6,880 Cr
- Net profit (annual)
- ₹403.6 Cr
- P/E (TTM)
- 16.0×Sector 53.9×
- Promoter holding
- 71.12%+0.00% QoQ
- FII holding
- 2.49%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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