Transrail Lighting Ltd

In a regulatory filing, the engineering, procurement and construction (EPC) company said the newly secured orders are primarily from the power transmission and distribution (T&D) segment, along with contracts in its civil construction and pole businesses. The company said the latest orders include the construction of a 500 kV high-voltage direct current (HVDC) transmission line for a major customer, supply of products to international markets, specialised civil construction work and pole supply contracts. Transrail Lighting added that the orders were received in the normal course of business. The company also highlighted a strong bidding pipeline across domestic and international markets, which, together with its existing unexecuted order book, is expected to support future growth. Commenting on the development, managing director and CEO Randeep Narang said the order wins reflect the company's diversified capabilities across the T&D, civil construction and pole manufacturing segments. He added that the company remains focused on sustaining growth momentum while maintaining execution discipline and margins. Transrail Lighting is a turnkey EPC company focused on power transmission and distribution projects. The company also operates in civil construction, railways, solar EPC, and poles and lighting. It has a presence in 63 countries across five continents and operates manufacturing facilities in India for transmission towers, conductors and monopoles. The company's consolidated net profit declined 24.14% to Rs 96.50 crore on a 3.94% drop in revenue from operations to Rs 1,831.45 crore in Q4 FY26 over Q4 FY25. Powered by Capital Market - Live

Transrail Lighting has secured new orders worth Rs 575 crore, primarily in the T&D segment along with orders in Civil & Pole businesses. The company further holds L1 position of around Rs 400 crore and enjoys a strong bidding pipeline across both domestic and international markets.

Net profit of Transrail Lighting declined 23.76% to Rs 96.50 crore in the quarter ended March 2026 as against Rs 126.57 crore during the previous quarter ended March 2025. Sales declined 3.94% to Rs 1831.45 crore in the quarter ended March 2026 as against Rs 1906.65 crore during the previous quarter ended March 2025. For the full year,net profit rose 23.56% to Rs 403.59 crore in the year ended March 2026 as against Rs 326.63 crore during the previous year ended March 2025. Sales rose 30.08% to Rs 6779.95 crore in the year ended March 2026 as against Rs 5212.24 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1831.451906.65 -4 6779.955212.24 30 OPM %11.2812.38 -12.0912.92 - PBDT163.09192.97 -15 650.38523.61 24 PBT143.50176.75 -19 584.01467.13 25 NP96.50126.57 -24 403.59326.63 24 Powered by Capital Market - Live

Transrail Lighting announced that the Board of Directors of the Company at its meeting held on 26 May 2026, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 100%) , subject to the approval of the shareholders.

Profit before tax declined 18.81% to Rs 143.50 crore in Q4 FY26 as against Rs 176.75 crore reported in Q4 FY25. EBITDA dropped 13% to Rs 207 crore in Q4 FY26 from Rs 237 crore in Q4 FY25. As of 31st March 2026, the unexecuted order book (UEOB), including L1, stood at Rs 16,361 crore, up by 12% Y-o-Y, providing strong revenue visibility for the coming years. For FY26, the company's revenue surged 30% YoY to Rs 6,880 crore, while EBITDA increased 21% YoY to Rs 820 crore. Operating Profit Before Tax stood at Rs 584 crore, up 25% YoY, while Operating Profit After Tax rose 28% YoY to Rs 421 crore. The company reported operating cash flows of Rs 817 crore during FY26, nearly double compared to the previous year, aided by improved working capital efficiency and leverage metrics. The company said it continues to explore opportunities across Power T&D, Railways, Civil, and Pole businesses while maintaining a diversified project portfolio. The board of directors has approved a further capex plan of Rs 203 crore. The company's board recommended a final dividend of Rs 2 per equity share (i.e., 100% of the face value of Rs 2 each) for the financial year ended 31 March 2026, subject to shareholders' approval at the ensuing Annual General Meeting (AGM) of the company. Randeep Narang, MD & CEO, said, 'The stellar performance for FY26 reflected continued growth momentum for Transrail despite a dynamic operating environment. We have posted our highest-ever revenue, EBITDA and PAT numbers. This was supported by robust execution across key business segments and geographies resulting in industry-leading margins. Additionally, we made significant progress in strengthening our balance sheet through improved working capital efficiency, debt reduction, and robust operating cash flow generation of Rs 817 crore, nearly double the level achieved in the previous year. During the year, we have doubled our tower manufacturing capacity and commissioned a new greenfield plant at Butiburi and are in process to do the same for conductors. Backed by a healthy order book and strong bidding pipeline across businesses and geographies, Transrail remains well positioned to sustain its growth trajectory over the medium to long term.' Transrail Lighting is a leading turnkey engineering, procurement, and construction (EPC) company with a primary focus on the power transmission and distribution business, backed by over four decades of experience.Powered by Capital Market - Live

Transrail Lighting will hold a meeting of the Board of Directors of the Company on 26 May 2026.

The board of Transrail Lighting will meet on 26 May 2026 to consider proposal of fund raising by way of issuance of debt securities through one or more modes as may be permitted under applicable laws, in one or more tranches, subject to such regulatory or statutory approvals as may be required.

The company also said that its brownfield expansion projects at tower manufacturing facilities in Deoli, Baroda, and Silvassa have been partially completed. Following these developments, the total installed capacity of the company's tower manufacturing facilities has increased significantly from 84,000 MTPA to 1,72,400 MTPA. Transrail Lighting is a leading turnkey engineering, procurement, and construction (EPC) company with a primary focus on the power transmission and distribution business, with 4 decades of experience in construction and manufacturing. The company's consolidated net profit increased 17.7% to Rs 109.74 crore on a 32.6% rise in revenue from operations to Rs 1,777.19 crore in Q3 FY26 over Q3 FY25.

Transrail Lighting has further made an investment by way of subscription to the equity share capital of its wholly owned subsidiary in the UAE, namely Transrail Trading LLC (formerly known as Transrail Contracting LLC). The Company has invested AED 12,500,000 in the share capital of Transrail Trading LLC. Based on an exchange rate of AED 1 = INR 25.22, the investment amounts to approximately Rs 315,250,000 ( Rs 31.53 crore). Consequent to the aforesaid investment, Transrail Trading LLC continues to remain a wholly owned subsidiary of the Company.Powered by Capital Market - Live

Transrail Lighting has received ratings action from CRISIL Ratings as under: Total bank facilities rated - Rs 7,070 crore Long term rating - CRISIL AA-; Stable (reaffirmed) Short term rating - CRISIL A1+ (reaffirmed) Rs 100 crore non convertible debentures - CRISIL AA-; Stable (assigned) Rs 100 crore commercial paper - CRISIL A1+ (assigned)    Powered by Capital Market - Live