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Earnings Call

Titagarh Rail Systems Earnings Call: Key Takeaways

Titagarh Rail Systems achieved record passenger rail turnover and exited its loss-making Italian subsidiary, Firema. Management is pivoting towards high-margin passenger segments while maintaining a steady-state freight business.

Why this was an Alfa AlertNot a filter event. Results were strong but did not exceed guided ranges by over 10% with explicit management confirmation of a beat.
Highlights
Revenue growthHighest ever passenger segment turnover; freight business remains steady-state.
MarginsPassenger margins at 19% (Q4) but steady-state guided at 12%.
Order bookOrder book stands at ₹27,540cr, heavily weighted towards passenger segment.
Demand visibilityStrong visibility due to Indian Railways' ₹20 lakh crore infrastructure push.
Management confidenceConfident, specifically regarding the 'India story' and passenger segment ramp-up.

Growth

Passenger car sales surged from 12 to 63 units YoY. Order book is strong at ₹27,540cr.

Outlook

Targeting 200 passenger cars for FY27; wheel production starts June FY26.

Risks

Supply chain constraints for gas and steel; execution risks in scaling passenger production 3x.

Source

Earnings Call filed with BSE, NSE: TITAGARH. Summary written with AI assistance from the document.

Read the document ↗

Titagarh Rail Systems Ltd: key numbers

Share price
₹738.40
Market cap
₹9,944 Cr
Revenue (annual)
₹3,186 Cr
Net profit (annual)
₹122.8 Cr
P/E (TTM)
45.8×Sector 32.5×
Promoter holding
40.46%+0.00% QoQ
FII holding
11.39%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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