Transindia Real Estate Limited has informed the Exchange about Transcript
TREL · price
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Transindia Real Estate has filed the transcript of its Q4 FY25 earnings call held on May 16, 2025. The company is now debt-free with cash and equivalents of INR 165 crores, and sold its 12-acre Hosur facility to Caterpillar India for INR 68 crores during the quarter. FY25 consolidated revenue stood at INR 83 crores, EBITDA at INR 36 crores, and profit from continuing operations at INR 53 crores, all lower year-on-year. Management outlined a INR 1,000 crore capex plan starting Q3 FY26 across 4–5 projects (Bhiwandi, Mubarikpur, Dankuni, Hoskote) spread over ~200 acres, expected to add INR 70–80 crores of annual rental income once operational. The company is also exploring other asset classes such as industrial townships, plotted development, and residential, and highlighted that India is projected to grow at 6.2–6.3% per the IMF, supporting demand for Grade A warehousing.
Near-term revenue and margins are likely to remain soft as the company's major growth projects won't start contributing until late FY27; logistics park EBITDA margins are running at 44–56% versus the 90%+ net operating income margin typical of the industry due to higher S&GA and manpower costs for new projects. For shareholders, the debt-free balance sheet with INR 165 crores cash and a clear land bank of ~INR 480 crores provides execution optionality, but stock catalysts will depend on visible project launches from Q3 FY26 onwards.