Transrail Lighting Limited has informed the Exchange about Transcript of Earnings call held on 6th August, 2025 for unaudited Financial Results for the quarter ended 30th June, 2025
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Transrail Lighting reported a strong Q1 FY26 with revenue of Rs. 1,660 crores, up 81% year-on-year, while profit after tax more than doubled to Rs. 106 crores. EBITDA margin stood at 12.03%, which the company called one of the best in the industry, with ROCE at a healthy 27.47% and net debt-to-equity at 0.37x. The company secured new orders worth Rs. 1,748 crores in the quarter (72% higher than last year's Q1), pushing the total unsecured order book including L1 to Rs. 15,637 crores, of which 93% is in the T&D segment. CRISIL upgraded its credit rating to AA-/A1+ from A+/A1, which should help reduce borrowing costs. Management maintained its full-year guidance of 22-25% revenue growth and 11.5-12% EBITDA margins, and indicated a bid pipeline of Rs. 8,000 crores already submitted plus Rs. 25,000 crores to be bid in the next 3-4 months.
This is a clearly positive update for shareholders, with strong revenue and profit growth, a robust order book providing multi-year visibility, and a credit rating upgrade that should lower future interest costs. However, net debt is expected to rise by Rs. 200-300 crores to fund the Rs. 520 crore capacity expansion, so balance sheet leverage will increase modestly over the next 12-18 months.