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Earnings Call Transcript

Titagarh Rail Systems Earnings Call Transcript: Key Takeaways

Q2 FY27 metro execution improved and wagon visibility was restored via the option order, but no revenue or profit was disclosed. Management hedged on timelines, withheld project-level figures, and deflected margin and tender questions.

Titagarh Rail Systems Q2 FY27 concall: date, live audio and summaryConcall page →
Highlights
Revenue growthRevenue figure not disclosed; PRS record quarterly revenue, ~30% of total.
MarginsNo margin figures; propulsion backward integration to lift margins later.
Order book~₹28,600 Cr incl JVs (transcript ambiguous); ~70% passenger rail.
Demand visibilityWagon option order gives 3-4 quarters visibility; metro pipeline unquantified.
Management confidenceBalanced-to-optimistic; heavy hedging ('endeavour', 'close to', 'expect').

Growth

Q2 metro invoicing 51 vs 30 in Q1; H1 ~81 already exceeds FY26's 63. No revenue or profit growth disclosed.

Outlook

Targets ~275 metro coaches FY28 and ~200 metro coaches FY27 (endeavour); 1,000 wagons/month by Q4 FY27.

Risks

FY26 missed 100-coach target (delivered 63); Vande Bharat prototype timing unquantified; Line 6 delay blamed on chip shortages.

Source

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

Read the document ↗

Titagarh Rail Systems Ltd: key numbers

Share price
₹737.15
Market cap
₹9,927 Cr
Revenue (annual)
₹3,186 Cr
Net profit (annual)
₹122.8 Cr
P/E (TTM)
45.7×Sector 33.1×
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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