Financial Performance Q1 FY27

  • Revenue from Operations: ₹1,736 Cr, up 5% YoY from ₹1,660 Cr in Q1 FY26
  • EBITDA: ₹203 Cr with EBITDA margin of 11.7% (compared to ₹200 Cr and 12.0% margin in Q1 FY26)
  • Depreciation & Amortization: ₹19 Cr, up 33% YoY
  • Other Income: ₹17 Cr, up 46% YoY
  • Interest Expenses: ₹56 Cr, up 12% YoY
  • PBT: ₹144 Cr, down 2% YoY from ₹147 Cr
  • Taxes: ₹36 Cr, down 13% YoY
  • Profit After Tax: ₹108 Cr, up 3% YoY from ₹105 Cr
  • PAT Margin: 6.2% (6.3% in Q1 FY26)
  • EPS (Basic): ₹8.04
  • EPS (Diluted): ₹7.99

Comparative Performance

| Particulars (₹ Cr) | Q1 FY27 | Q1 FY26 | % Change YoY | Q4 FY26 | % Change QoQ |

| Revenue | 1,736 | 1,660 | 5% | 1,863 | -7% |

| EBITDA | 203 | 200 | 1% | 207 | -2% |

| PAT | 108 | 105 | 3% | 97 | 12% |

Order Book & Business Momentum

  • Total Unexecuted Order Book: ₹16,035 Cr as of June 30, 2026 (including L1 status of ₹400 Cr)
  • Order Inflow: Stable across businesses with Power T&D as primary growth driver
  • Geographic Mix: Balanced domestic and international portfolio
  • Margin Profile: Healthy margin profile led new orders
  • Tender Pipeline: Robust pipeline supporting future growth

Strategic Developments

  • Capacity Expansion: Commissioned eco-friendly Butibori Plant at Nagpur strengthening tower manufacturing capacity
  • Market Expansion: Entered Australian market with company's first monopole project, expanding global footprint to 6 continents
  • Acquisition: Acquired Gactel Turnkey Projects, strengthening cooling tower EPC capabilities
  • Credit Rating: Upgraded to IND AA-/Stable by India Ratings in August 2026, reflecting strengthened business and financial profile

Operational Highlights

  • Employee Strength: 2,800+ employees
  • Global Presence: Footprints across 64 countries
  • Transmission Lines: 37,300+ CKM constructed
  • Conductors Supplied: 231,000+ KM
  • Towers Supplied: 1.50 Mn+ MT
  • Design Experience: 20,500+ man-months of design & engineering experience
  • Manufacturing Facilities: 5 integrated manufacturing facilities

Ongoing Projects

Key projects across various regions:

  • Koppal-II PS – Narendra 765 kV D/C line, Karnataka
  • TaZa 400 kV D/C line, Tanzania (cross country project)
  • 220 kV D/C Phyang-North Pullu T/L, Ladakh (high altitude project)
  • Begusarai elevated road project, Bihar
  • 275 m tall Twin Flue RCC chimney, Koderma (KTPS) Phase-II, Jharkhand
  • 765KV D/C Dausa-Ghiror TL project, Rajasthan
  • Mmamabula 400 kV substation, Botswana
  • 400 kV Quad New Butwal to Indian Border Transmission Line Project, Nepal

Balance Sheet Strength (as of June 30, 2026)

  • LT Borrowings: ₹58.92 Cr (decreased from ₹88.53 Cr as of March 31, 2026)
  • ST Borrowings: ₹716.97 Cr (increased from ₹572.23 Cr)
  • Cash and Cash Equivalents: ₹228.18 Cr
  • IPO Funds: ₹81.29 Cr
  • Net Debt with IPO Funds: ₹466.42 Cr
  • Net Debt to EBITDA: 0.67x
  • Working Capital Days: 480 days

Capacity Expansion Update

  • Tower Manufacturing Capacity: Doubled to 172,400 MTPA in FY26 through greenfield and brownfield expansion
  • Target Capacity: 196,000 MTPA for towers, 49,500 km for conductors
  • Expansion Timeline:
  • Tower Phase 2 brownfield: By Q2 FY27
  • Conductor Phase 1 brownfield: By Q2 FY27
  • Conductor Phase 2 brownfield: By Q3 FY27
  • Additional Capex: ₹203 Cr approved on May 26, 2026, mainly for construction equipment

Business Verticals & Capabilities

Power Transmission & Distribution:

  • Manufacturing: Towers, conductors & monopoles
  • EPC: Transmission lines up to 1200 kV, AIS and GIS substations up to 765 kV, underground cabling, rural electrification, HVDC lines 800 kV, HTLS conductors

Civil Construction:

  • Bridges, tunnels, elevated roads, cooling towers

Railways:

  • Signaling and telecommunication services, track laying, overhead electrification, traction substation

Poles & Lighting:

  • High masts/flag masts, street poles, luminaries, stadium lighting, derrick structures, railway portals, road gantries and signages, solar streetlights, decorative poles

Solar EPC (International):

  • Institutional solar, commercial and industrial solar, solar parks, utility scale projects, mini grids

Industry Outlook

  • National Electricity Plan: 191,000 CKM transmission lines addition by 2032 (38% of India's total grid)
  • Energy Transition: 500 GW non-fossil capacity target by 2030, target of 900 GW renewable energy by 2036
  • Investment Potential: ₹9.15 lakh crore transmission investments planned by 2032
  • Global Electricity Demand: Expected to nearly double by 2050

ESG & CSR Initiatives

Q1 FY27 CSR Programs:

  • Transrail Aarogya: 975 free medical treatments including 110 eye screenings with free spectacles, 230 mentally abled children benefited, 48 cataract surgeries in Bihar
  • Transrail Saksharta: 975 students from 8th to 10th supported classes, STEM Lab developed in Vadodara government school benefiting 350 children, 45 learners continuing skill training courses

Awards & Recognition

  • ET Edge 'Best Organisations to Work' 2026
  • RoSPA Silver Award for Cameroon TL project for Health & Safety
  • Participation at IEEE PES T&D 2026, Chicago
  • MD & CEO represented company at India Energy Forum's National Conference on Power Transmission

Corporate Governance

Board Members:

  • Digambar Bagde, Executive Chairman
  • Randeep Narang, Managing Director & CEO (35+ years experience in diversified sectors, strong domain expertise in Power T&D)

Compliance Officer: Monica Gandhi, Company Secretary and Compliance Officer

Listings: NSE: TRANSRAILL, BSE: 544317