Titagarh Rail
Titagarh Rail Q1 FY26 earnings call: Revenue & Margins
Q1 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹679Cr
- −24.8% YoY
- Net profit
- ₹31Cr
- −53.7% YoY
- Margin
- 9%
- −2 pp YoY
Guidance rank: #21 of 54 in Industrial Manufacturing
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The short version
Freight Business: Expected to remain stable with no significant growth in the current year, maintaining volumes around 900 wagons per month.
From Titagarh Rail's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Freight Business: Expected to remain stable with no significant growth in the current year, maintaining volumes around 900 wagons per month.
- Passenger Rail System: Strong growth anticipated with metro car production rising from 12 cars last year to 120 cars this year (a ten-fold increase).
- Vande Bharat Production: Targeting ramp-up to 50 cars per month within the next year, increasing to 72 cars per month over the following two to three quarters, and ultimately reaching 100 cars per month in three to four years.
- Propulsion Segment: Significant growth expected, with traction motors stabilizing at 150 units per month by year-end to drive margin expansion.
2 more points from Titagarh Rail's call on revenue
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Profitability & Margins
See what Titagarh Rail said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Rs.140 crores already spent on land acquisition; no future land CAPEX expected.
- Building the facility on the acquired land will incur CAPEX within the overall plan.
- Total CAPEX plan of about Rs.1,000 crores, including past and current spends, expected to complete by FY27.
- Additional CAPEX if required will be evaluated and communicated; CAPEX aligned with business growth and phased implementation.
- Promoters have committed to infuse Rs.200 crores via preferential issue.
- New land acquisition contiguous to existing facility will enable expanded production capacity, backward integration, and a 1.6 km test track.
2 more points from Titagarh Rail's call on capex
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Top-ranked in Industrial Manufacturing
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Titagarh Rail said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Metro coaches order book: Approximately 440 coaches currently on hand.
- Propulsion order book: Around Rs. 550 crores.
- Freight wagons order book: Roughly 10,500 to 10,700 wagons outstanding, with an additional 900 wagons booked recently.
- Continued participation in additional metro tenders and suburban transport (e.g., MRVC) expected to add more orders.
- Large railway freight tenders anticipated to be issued within the year, supporting further order inflow.
2 more points from Titagarh Rail's call on order book
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Titagarh Rail — Quarterly revenue & net profit
Titagarh Rail Q1 FY26 results — key figures
| ₹ Cr | Q1 FY26 | Q1 FY25 | YoY | Q4 FY25 | QoQ |
|---|---|---|---|---|---|
| Revenue | 679 | 903 | -24.8% | 1,006 | -32.5% |
| Operating profit (EBITDA) | 64 | 97 | -34% | 18 | +255.6% |
| Operating margin | 9% | 11% | -2 pp | 1.8% | +7.2 pp |
| Profit before tax | 45 | 90 | -50% | -140 | — |
| Net profit (PAT) | 31 | 67 | -53.7% | -124 | — |
| EPS (₹) | 2.29 | 4.98 | -54% | -9.09 | — |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q1 FY27): revenue ₹765 Cr, net profit ₹53 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Titagarh Rail's management said in earlier quarters
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- Sunita Tools Ltd (Q1 FY26)
EBITDA margin and PAT margin show improving trends, with EBITDA at 28-30% in FY26 rising to 30-34% in FY28, and PAT from 16-17% to 18-20%. Key concall…
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Q1FY26 Revenue from Operations:** ₹382 million, up 38% YoY from ₹276 million in Q1FY25 (Page 6). Key concall takeaways from Mamata Machinery Ltd's Q1 FY26…
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Manufacturing
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Titagarh Rail Q1 FY26 results?
Freight Business: Expected to remain stable with no significant growth in the current year, maintaining volumes around 900 wagons per month.
What is Titagarh Rail share price analysis?
Titagarh Rail currently shows a neutral. The stock trades at a P/E of 57.7 with a market cap of ₹11,196 Cr. Investors should review the full earnings analysis for detailed insights.
Is Titagarh Rail planning capital expenditure?
Rs.140 crores already spent on land acquisition; no future land CAPEX expected.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.