Transrail Lighting Limited — Q4FY26 earnings call summary

Filed 02 June 2026 · Official transcript

Tower capacity doubled; conductor capacity to double by H1 FY27; additional INR203 Cr capex approved for construction equipment
Order book INR16,361 Cr provides over two years revenue visibility; new order intake FY27 expected INR10,000-11,000 Cr
FY26 revenue grew 30% to INR6,880 Cr; EBITDA INR820 Cr (+21%), margin 11.92%; PAT INR421 Cr (+28%)
FY27 revenue growth guidance 20-22%; EBITDA margin guidance around 11%
International orders ~50% of revenue; Africa ~20% of order book; Bangladesh ~3-4%
30-35% of contracts have price variation clauses allowing cost pass-through
Supply chain disruptions and geopolitical tensions impact execution timing but revenue deferred, not lost
Working capital days improved to 81; net debt reduced by 30% to INR274 Cr; ROCE at 25.79%