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Earnings Call Transcript

Titagarh Rail Systems Earnings Call Transcript: Key Takeaways

TRSL reported Q1 FY27 results highlighting a shift towards Passenger Rail Systems (PRS), now 31% of revenue. Focus is on ramping up coach production capacity to 850 per annum by 2028-29.

Guidance and delivery
Management target Revenue 2028-2029
Highlights
Revenue growthPRS revenue up ~400% YoY; total order book INR 26,635 Cr.
MarginsAiming for steady-state margins in wheel JV similar to standard forging.
Order bookINR 13,335 Cr (Standalone); INR 10,395 Cr is PRS segment.
Demand visibilityStrong for passenger rail; waiting for larger Indian Railways wagon tender.
Management confidenceHigh confidence in ramping up PRS; confident in meeting execution plans.

Growth

PRS revenue grew ~400% YoY to INR 230 Cr. Wagon dispatches were muted at 1,284 units due to order visibility.

Outlook

Targeting 45-50 coaches/quarter in FY27; total standalone order book at INR 13,335 Cr; total including JV INR 26,635 Cr.

Risks

Potential delays in Indian Railway wagon tenders and execution of long-term metro prototypes.

Source

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

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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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