Transrail Lighting Ltd
P&L
Quarterly Consolidated
vs Q3 FY26
Transrail Lighting FY26 Revenue Up 30% to ₹6,880 Cr
26 May 2026 · 26 May, 9:30 pm
Summary
Transrail Lighting Limited reported a stellar performance for FY26, achieving its highest ever revenue of ₹ 6,880 crore, an impressive 30% year-on-year increase. Operating Profit After Tax (PAT) grew by 28% to ₹ 421 crore, supported by robust execution across business verticals and improved efficiencies. The company's un-executed order book, including L1, swelled by 12% to ₹ 16,361 crore as of March 31, 2026, indicating strong future revenue potential. Management highlighted strengthened balance sheet metrics, including ₹ 817 crore in operating cash flows, and expressed confidence in sustaining the growth trajectory through a healthy order book and strategic capacity expansions.
Key Highlights
- 1
Transrail Lighting Limited delivered its highest ever revenue of ₹ 6,880 crore for FY26, marking a significant 30% year-on-year growth.
- 2
EBITDA for FY26 grew by 21% year-on-year to ₹ 820 crore, while Operating Profit After Tax (PAT) increased by 28% year-on-year to ₹ 421 crore.
- 3
The un-executed order book, including L1, expanded by 12% year-on-year to ₹ 16,361 crore as of March 31, 2026, providing strong revenue visibility.
- 4
Operating cash flows generated for FY26 reached ₹ 817 crore, nearly doubling the amount from the previous year, demonstrating enhanced working capital efficiency.
- 5
The Board of Directors has approved a further capital expenditure plan of ₹ 203 crore and recommended a dividend of 100% (₹ 2 per equity share) for FY26.
- 6
During FY26, the company doubled its Tower manufacturing capacity by commissioning a new greenfield plant at Butiburi and is in the process of doing the same for conductors.
- 7
Q4 FY26 revenue from operations stood at ₹ 1,863 crore, experiencing a 4% year-on-year decline, with Q4 PAT also decreasing by 24% to ₹ 97 crore.
Management Comments
Randeep Narang
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 ₹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, strong bidding pipeline across businesses and geographies, Transrail remains well positioned to sustain its growth trajectory over the medium to long term.
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