| Management target | Revenue FY27 |
|---|
| Revenue growth | Q2 +32% YoY; H1 +18% YoY |
|---|---|
| Margins | Q2 EBITDA 11.6% vs 11.9%; PAT margin 5.0% vs 5.9% |
| Order book | Rs.14,218 Cr at Sep-26; Rs.1,747 Cr added Oct-26 |
| Demand visibility | Rs.14,218 Cr order book; ~Rs.18,000 Cr bids under evaluation |
Growth
H1 revenue +18% to Rs.3,792 Cr, EBITDA +14%, PAT +7% to Rs.212 Cr; Q2 PAT margin 5.0% vs 5.9%.
Outlook
FY27E guidance: revenue growth 20-22% (H1 18%), EBITDA margin 11% (H1 11.6%). Proposed Rs.3,900 Cr SPV acquisition.
Risks
Q2 PAT margin compressed; tax rate ~34% (Rs.54 Cr on Rs.158 Cr PBT); interest expense up 22% YoY.
Last quarter's promises, checked
Delivered
- Guided EBITDA margin 11%+ FY27 → Q1 11.7%, Q2 11.6% (= BEAT)
- Guided revenue growth 20%+ YoY → Q2 +32% YoY (= BEAT)
Partly delivered
- Guided FY27 revenue growth 20%+ → H1 +18% (= PARTIAL)
Missed
- Guided tax rate ~25% normalized → 34% (Rs.54 Cr on Rs.158 Cr PBT) (= MISS)
Investor Presentation filed with NSE, NSE: TRANSRAILL. Summary written with AI assistance from the document.
Transrail Lighting Ltd: key numbers
- Share price
- ₹442.05
- Market cap
- ₹5,935 Cr
- Revenue (annual)
- ₹6,880 Cr
- Net profit (annual)
- ₹403.6 Cr
- P/E (TTM)
- 14.7×Sector 51.9×
- Promoter holding
- 71.12%+0.00% QoQ
- FII holding
- 1.85%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Transrail Lighting Ltd
All →Transrail Lighting Management Change
Transrail Lighting appointed three senior management personnel and recorded two departures, effective 3 November 2026. Changes cover civil, poles and lighting, and supply chain roles.
Transrail Lighting Results Update
Transrail Lighting posted Q2 FY27 revenue of Rs. 2,056 crore, up 32% year-on-year. H1 FY27 operating cash flow reached Rs. 435 crore.
Transrail Lighting Q2 FY27 Results: Net Profit ₹103.9 Cr, Up 12.4% YoY
Transrail Lighting Ltd reported revenue from operations of ₹2,056 Cr (+31.7% YoY) and net profit of ₹103.9 Cr (+12.4% YoY) for Q2 FY27.
- Key figure
- Net profit ₹103.9 Cr · +12.4% YoY
Transrail Lighting Board Meeting Date
Transrail Lighting will hold a board meeting on 3 November 2026 to consider Q2 and H1 FY27 unaudited standalone and consolidated results. The trading window stays closed until 5 November 2026.
Transrail Lighting Bags ₹927 Cr Order
Transrail Lighting has secured fresh orders worth ₹927 Crore in its Domestic Power T&D business. This win contributes to an order intake of ₹3,356 Crore year-to-date.
- Value
- ₹927.0 Cr
Transrail Lighting Acquisition Worth ₹20 Cr
Transrail Lighting Limited will acquire a 49% equity stake in NOPL Pace Green Energy Private Limited for a cash consideration of up to ₹20 crore.
- Value
- ₹20.00 Cr
- solar power portfolio capacity
- 990.0 MW