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Earnings Call

Titagarh Rail Systems Earnings Call: Key Takeaways

Titagarh Rail Systems achieved record turnover and profitability in FY26. Management successfully exited the loss-making Firema investment and is scaling the passenger rail segment toward 200 cars in FY27.

Why this was an Alfa AlertNot a filter event. Performance was largely in line with long-term strategic plans and prior guidance.
Highlights
Revenue growthHighest ever turnover reported; passenger segment grew 425% in car volume.
MarginsPassenger EBIT at 19% (Q4) and 14.3% (FY26); guidance remains 12-15%.
Order bookINR 27,540cr total; INR 10,600cr standalone passenger, INR 3,100cr standalone freight.
Demand visibilityStrong; wagon demand tied to 3 billion ton railway target by 2030.
Management confidenceHigh; citing strong 'India story' and robust railway infrastructure investment.

Growth

FY26 passenger rail sales grew from 12 to 63 cars; total order book stands at INR 27,540 crores.

Outlook

Targeting 200 passenger cars in FY27 and 1,000 wagons/month capacity; INR 610cr shipbuilding capex planned.

Risks

Supply chain constraints for gas/steel and potential geopolitical impacts in West Asia remain watchful areas.

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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