Q4 FY26 earnings call: INR700cr provision, INR4000cr South Africa win, Vision 2030 outlined

Mgmt Guided Margin ImprovementOrder Pipeline DisclosedAnalyst Day Multiyear TargetsCfo Debt Reduction RoadmapMgmt Evaded Key QuestionInvestor Communications View source PDF

TEXRAIL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.7%1-day move

₹109.00

prior close

₹106.95

base price

After-mkt

timing

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AI summary

Texmaco Rail posted Q4 FY26 revenue of INR1,167cr (down 13.3% YoY), EBITDA INR116cr (~10% margin), and PAT INR58cr (5% margin, up 206bps). FY26 revenue was INR4,377cr (down 14%) with PAT INR194cr. Company created a INR700cr contingency provision from free reserves due to macro uncertainties; statutory auditors qualified their report on this. Net debt fell to INR444cr (D/E 0.18 vs 0.22). Won a ~INR4,000cr South Africa order (2,200 wagons, 30 diesel locos, 15-year maintenance) to be delivered by FY28. Outlined Texmaco 2.0/Vision 2030: 2x topline, mid-teen EBITDA, diversification into defense (INR200cr capex approved), wheels, metro, real estate and AI/GCC. Total capex envelope of INR1,500-2,000cr.

Likely market impact

Revenue declined but margins improved; INR700cr provision is a near-term overhang. Strong South Africa order and Vision 2030 growth plan support long-term growth narrative.