Transrail Lighting Limited — Q1FY27 earnings call summary

Filed 12 August 2026 · Official transcript

Q1 FY27 revenue grew 5% y-y to INR1,736 Cr; EBITDA INR203 Cr, margin 11.7% exceeding 11% guidance; PAT INR108 Cr, +3% y-y
FY27 revenue growth guidance maintained at 20% y-y; execution expected to improve in Q2 and Q3
Net debt increase due to working capital; expected normalization by Q2; working capital days targeted below 81
Order book INR16,035 Cr with INR400 Cr L1; tender pipeline >INR20,000 Cr for Q2/Q3
Commercial production started at Butibori tower plant; international footprint expanded to 6 continents
Interim dividend declared at INR3/share; Board approved 189,000 stock options grant
Long-term credit rating upgraded to AA- Stable by India Ratings; credit facility ~INR7,500 Cr
Exploring new business areas: BESS, data centers, drones (commercial mapping), defense