Key Quantitative Figures

Standalone Financials (Rs. in Crores)

  • Revenue from Operations: 735.06 (Q1 FY27) vs 674.00 (Q1 FY26)
  • Total Income: 741.37 (Q1 FY27) vs 685.64 (Q1 FY26)
  • Profit Before Tax: 70.38 (Q1 FY27) vs 5.24 (Q1 FY26)
  • Profit After Tax: 51.99 (Q1 FY27) vs (11.21) (Q1 FY26)
  • EPS (Basic): Rs 3.86 (Q1 FY27) vs Rs (0.84) (Q1 FY26)

Consolidated Financials (Rs. in Crores)

  • Revenue from Operations: 765.07 (Q1 FY27) vs 679.30 (Q1 FY26)
  • Total Income: 771.71 (Q1 FY27) vs 690.95 (Q1 FY26)
  • Profit Before Tax: 70.88 (Q1 FY27) vs (8.00) (Q1 FY26)
  • Profit After Tax: 52.58 (Q1 FY27) vs (23.02) (Q1 FY26)
  • EPS (Basic): Rs 3.90 (Q1 FY27) vs Rs (1.71) (Q1 FY26)

Segment-wise Revenue (Standalone, Q1 FY27)

  • Freight Rail Systems: 505.31 crores
  • Passenger Rail Systems: 229.75 crores

Segment-wise Results (Standalone, Q1 FY27)

  • Freight Rail Systems Profit: 61.68 crores
  • Passenger Rail Systems Profit: 33.69 crores

Dates of Action

  • Board Meeting Date: August 12, 2026 (1:00 PM to 6:30 PM)
  • Quarter Ended: June 30, 2026
  • Re-appointment Effective: January 8, 2026 (subject to shareholder approval)
  • Titagarh Singapore Sale Completion: May 5, 2026
  • Firema Liquidation Process: July 23, 2026

Parties Involved

  • Auditors: Price Waterhouse & Co Chartered Accountants LLP and Salarpuria & Partners
  • Subsidiaries: Titagarh Singapore Pte Ltd (sold), Titagarh Firema Engineering Services Private Limited, Titagarh Naval Systems Limited
  • Joint Ventures: Titagarh Mermec Private Limited, Ramkrishna Titagarh Rail Wheels Limited, Shivaliks Mercantile Limited
  • Associate: Trasporti Ferroviari S.p.A (formerly Titagarh Firema S.p.A)

Purpose/Rationale

  • Regular quarterly results disclosure as per SEBI requirements
  • Re-appointment of Executive Chairman for continuity of leadership
  • Restatement of prior periods for accurate financial reporting

Financial Impact

Exceptional Items (Standalone)

  • Q1 FY27: Nil
  • Q4 FY26: Reversal of provision for diminution in value of investment in Titagarh Singapore Pte Limited (Rs 7.20 crores)
  • Q1 FY26: Provision towards loans and receivables for Trasporti Ferroviari S.p.A (Rs 53.96 crores)

Restatement Impact

Prior period comparative financial information has been restated due to significant variation in the reported loss of Firema as per statutory audited financial statements vs management accounts:

  • Q1 FY25 Profit Before Tax changed from 59.20 crores to 5.24 crores
  • Q1 FY25 Profit After Tax changed from 24.86 crores to (9.10) crores

Discontinued Operations

Shipbuilding & Maritime business was transferred to wholly-owned subsidiary Titagarh Naval Systems Limited effective January 1, 2026, and is presented as discontinued operations.

Capital Structure Impact

  • Paid-up Equity Share Capital: 26.93 crores (face value Rs 2 each)
  • No change in share capital reported for the quarter

Forward-looking Information

No explicit forward-looking guidance or management commentary provided in the disclosure.