Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting under SEBI Listing Regulations

Audit Opinion:

Unmodified limited review report issued by statutory auditors Nayan Parikh & Co. and G. M. Kapadia & Co.

Key Financial Highlights [₹ in Crores]:

Standalone Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: ₹2,030.88
  • Total Income: ₹2,071.00
  • Net Profit: ₹104.70
  • EPS (Basic): ₹7.80
  • EPS (Diluted): ₹7.78

Half Year ended September 30, 2026:

  • Revenue from Operations: ₹3,731.35
  • Total Income: ₹3,822.09
  • Net Profit: ₹215.25
  • EPS (Basic): ₹16.03
  • EPS (Diluted): ₹16.00

Comparative Performance (Quarter):

  • Revenue growth: 32.1% YoY (vs ₹1,537.91 in Q2 FY26)
  • Net profit growth: 12.0% YoY (vs ₹91.81 in Q2 FY26)

Consolidated Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: ₹2,030.22
  • Total Income: ₹2,069.74
  • Net Profit: ₹103.94
  • EPS (Basic): ₹7.74
  • EPS (Diluted): ₹7.73

Half Year ended September 30, 2026:

  • Revenue from Operations: ₹3,732.67
  • Total Income: ₹3,822.40
  • Net Profit: ₹211.82
  • EPS (Basic): ₹15.78
  • EPS (Diluted): ₹15.74

Balance Sheet Position (Standalone as at September 30, 2026):

  • Total Assets: ₹8,015.14 crores
  • Equity Share Capital: ₹26.85 crores (Face Value ₹2 each)
  • Other Equity: ₹2,469.53 crores
  • Cash and Cash Equivalents: ₹602.47 crores
  • Borrowings (Current + Non-current): ₹750.91 crores

Cash Flow (Standalone H1 FY27):

  • Net Cash from Operating Activities: ₹375.95 crores
  • Net Cash used in Investing Activities: ₹(93.56) crores
  • Net Cash used in Financing Activities: ₹(67.62) crores
  • Net Increase in Cash: ₹214.77 crores

Segment-wise Performance:

The Company operates in one segment: Engineering, Procurement and Construction business (EPC)

Geographic Revenue Breakdown (Consolidated):

  • India: ₹1,177.14 crores (Q2 FY27)
  • Outside India: ₹853.08 crores (Q2 FY27)

Corporate Actions:

Dividend:

  • Interim dividend of ₹3 per equity share (face value ₹2 each) declared for FY27 on July 28, 2026
  • Final dividend of ₹2 per equity share for FY26 approved by shareholders on September 28, 2026

Fundraising:

  • Board approved raising up to ₹600 crores through Qualified Institutions Placement (QIP)
  • Shareholders approved QIP via Postal Ballot on September 10, 2026

ESOP Grants:

  • Grant of 1,89,000 stock options (each carrying right to acquire 5 equity shares) under ESOP 2023
  • Subsequently cancelled 29,500 options due to not meeting performance benchmark

Other Significant Information:

Entities in Consolidation:

  • Parent: Transrail Lighting Limited
  • 6 Subsidiaries including international operations in UAE, USA, Nigeria, Malaysia
  • 9 Joint Ventures
  • 1 Associate: CEDEC Engineering Private Limited

Branch Operations:

  • 28 branches located outside India including Abu Dhabi, Afghanistan, Bangladesh, Benin, Bhutan, Botswana, Cameroon, Djibouti, Eswatini, Ethiopia, Gambia, Ghana, Italy, Jordan, Kenya, Mali, Mozambique, Nepal, Nicaragua, Niger, Philippines, Suriname, Tanzania, Thailand, Togo, Tunisia, Uganda
  • Branch assets: ₹1,160.83 crores, revenues: ₹648.01 crores, net profit: ₹145.75 crores (H1 FY27)

Labour Code Impact:

  • Recognized incremental impact of ₹17.38 crore in FY26 due to new Labour Codes
  • Comprising gratuity (₹12.85 crore) and long-term compensated absences (₹4.53 crore)
  • Disclosed as "Statutory impact of new Labour Codes" under Exceptional Items