| Management target | Revenue 20.0% FY29 |
|---|
| Revenue growth | 32% YoY growth to ₹2,056 Cr driven by execution momentum. |
|---|---|
| Margins | EBITDA margins stable at 11.6%; aiming for 11%+ sustainability. |
| Order book | Robust at ₹14,218 Cr; additional ₹1,747 Cr secured post-quarter. |
| Demand visibility | Strong multi-decadal cycle in power T&D; GEC-III program provides massive pipeline. |
| Management confidence | High, emphasizing resilience against Middle East logistics crises and margin stability. |
Growth
Revenue grew 32% YoY to ₹2,056 Cr; H1 revenue stands at ₹3,792 Cr with consistent 11.6% EBITDA margins.
Outlook
Management guides for 20% annual revenue growth over the next three years, targeting ₹12,000 Cr by FY29.
Risks
One-off tax impacts and rising interest costs from higher working capital limits narrowed PAT growth to 12%.
Last quarter's promises, checked
Delivered
- Guided FY27 revenue +20% YoY → Q2 +32% YoY to ₹2,056 Cr (= BEAT)
- Guided EBITDA 11%+ → 11.6% H1 (= BEAT)
Partly delivered
- Guided 10–15% win rate on ₹20,000 Cr bids → ₹1,747 Cr secured post-quarter (= PARTIAL)
- Guided ₹10,000 Cr+ FY27 order intake → order book ₹16,035 Cr to ₹14,218 Cr (= PARTIAL)
Missed
- Guided conductor brownfield complete Q1 FY27 → Q2 start pending approvals, not confirmed (= MISS)
- Guided ~25% normalised tax rate → one-off tax impacts cut PAT growth to 12% (= MISS)
Earnings Call Transcript filed with NSE, NSE: TRANSRAILL. Summary written with AI assistance from the document.
Transrail Lighting Ltd: key numbers
- Share price
- ₹456.50
- Market cap
- ₹6,129 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 Other Announcement
Transrail Lighting filed CARE Ratings' monitoring report for the quarter ended September 2026. It shows nil deviation from IPO objects, with proceeds fully utilised.
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 Investor Presentation: Key Takeaways
Q2 FY27 revenue Rs.2,056 Cr (+32% YoY, record), EBITDA Rs.238 Cr (11.6% margin), PAT Rs.104 Cr (+12%). Entering 990 MW renewable generation via 49% SPV stake.
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.