Transrail Lighting Ltd
Transrail Lighting Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #28 of 58 in Electrical Equipment
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The short version
Transrail Lighting Limited targets a revenue growth of 23%-25% for FY26 and expects to maintain this growth trajectory over the next few years. Revenue growth guidance for FY 2026 and FY 2027 is targeted at around 25%, with potential to exceed this if execution speeds up.
From Transrail Lighting Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Transrail Lighting Limited targets a revenue growth of 23%-25% for FY26 and expects to maintain this growth trajectory over the next few years.
- The company has already achieved approximately 60% growth in H1 FY26 and expects a strong execution catch-up in H2 post-monsoon.
- The order book provides a book-to-bill ratio of 2.8x, supporting sustained growth.
- The bid pipeline is robust, with INR 95,000 crore worth of tenders being addressed, targeting an order inflow of INR 9,000 crore to INR 10,000 crore.
- The company targets approximately 40%-45% of new order intake from international markets and expects the domestic share to grow to about 55% next year.
2 more points from Transrail Lighting Ltd's call on revenue
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Profitability & Margins
See what Transrail Lighting Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Transrail Lighting Limited has approved a capex of INR 325 crore in Phase 1.
- 88% of the capex orders have been placed, and around 60% has been utilized so far.
- The capex is used for brownfield and new plant expansion, including backward integration for towers, conductors, testing, and poles.
2 more points from Transrail Lighting Ltd's call on capex
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Top-ranked in Electrical Equipment
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
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Order Book & Pipeline
- Current order book largely consists of marquee clients including:
- Power Grid: INR 2,000 crore out of L1 orders worth INR 2,600 crore
- Reliance and DRH as key private players
- International orders including a significant one in Kenya
- Domestic order execution timeline: up to 24 months
- International order execution timeline: 24 to 30 months
- Total order book-to-bill ratio: approximately 2.8 times
- Expected fresh order intake for the year: around INR 10,000 crore
2 more points from Transrail Lighting Ltd's call on order book
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Transrail Lighting Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q1 FY27): revenue ₹1.7K Cr, net profit ₹108 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Transrail Lighting Ltd's management said in earlier quarters
Others in Electrical Equipment this season
- Inox Wind Ltd (Q2 FY26)
200 crore. Key concall takeaways from Inox Wind Ltd's Q2 FY26 earnings call — and how it ranks against sector peers.
- Prostarm Info Systems Ltd (Q2 FY26)
Q2-FY26 Revenue from Operations: INR 659 Mn, down 33.1% YoY (Q2-FY25: INR 985 Mn) . Key investor presentation takeaways from Prostarm Info Systems Ltd's Q2 FY26
- Power & Instrumentation (Gujarat) Ltd (Q2 FY26)
Net Sales: ₹70.27 Cr (up from ₹54.93 Cr in Q2 FY25) — approx. Key investor presentation takeaways from Power & Instrumentation (Gujarat) Ltd's Q2 FY26 investor
- Triveni Turbine Ltd (Q2 FY26)
The outstanding order book is at a record ₹22.2 billion, which is 24% higher year-over-year. Key concall takeaways from Triveni Turbine's Q2 FY26 earnings call…
Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
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 Transrail Lighting Ltd Q2 FY26 results?
Transrail Lighting Limited targets a revenue growth of 23%-25% for FY26 and expects to maintain this growth trajectory over the next few years. Revenue growth guidance for FY 2026 and FY 2027 is targeted at around 25%, with potential to exceed this if execution speeds up.
What is Transrail Lighting Ltd share price analysis?
Transrail Lighting Ltd currently shows a neutral. The stock trades at a P/E of 14.9 with a market cap of ₹6,253 Cr. Investors should review the full earnings analysis for detailed insights.
Is Transrail Lighting Ltd planning capital expenditure?
Transrail Lighting Limited has approved a capex of INR 325 crore in Phase 1.
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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.