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Earnings Call

Titagarh Rail Systems Earnings Call: Key Takeaways

TRSL reported mixed FY26 results with consolidated revenue at ₹3,143.58cr, down from FY25. Focus remains on scaling Passenger Rail Systems and execution of a ₹27,540cr total order book.

Highlights
Revenue growthFY26 revenue down 16% YoY; Passenger segment up 111%.
MarginsPassenger EBIT margin improved significantly to 14.27% from 8.27%.
Order bookStandalone: ₹14,240cr; JV share: ₹13,300cr.
Demand visibilityStrong; Total order book at ₹27,540cr (including JVs).
Management confidenceStrong outlook for FY27 coach ramp-up and Vande Bharat.

Growth

FY26 Consolidated Revenue down ~16% YoY to ₹3,143cr; Passenger Rail segment revenue surged 111% YoY to ₹539cr.

Outlook

Targeting 200+ coaches in FY27; Vande Bharat deliveries start FY27. ₹600cr capex for Falta shipyard brownfield expansion.

Risks

Supply chain constraints in wheelsets and West Asia issues impacted Freight segment delivery and revenue.

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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