Mumbai – Transrail Lighting Limited, one of the leading Indian EPC Company having primary focus on Power T&D with integrated manufacturing facilities for lattice structures, conductors and monopoles announced its results today for Q4 and FY 2026.
Consolidated Financial Performance:
| Particulars (Rs. Crore) | FY26 | FY25 | Y-o-Y % | Q4 FY26 | Q4 FY25 | Y-o-Y% |
| Revenue from Operations | 6,880 | 5,308 | 30% | 1,863 | 1,946 | -4% |
| EBITDA | 820 | 676 | 21% | 207 | 237 | -13% |
| *Operating Profit Before Tax | 584 | 467 | 25% | 144 | 177 | –19% |
| Tax Expenses | 163 | 138 | 18% | 47 | 50 | –5% |
| *Operating Profit After Tax | 421 | 329 | 28% | 97 | 127 | –24% |
| Operating Profit After Tax Margin | 6.1% | 6.1% | 5.1% | 6.5% |
*Operating PBT & PAT figures excludes provision made of Rs. 17 crore in Q3 FY26 towards new labour code.
Performance overview:
- FY26 reflected sustained operational momentum with Revenue growing by 30% YoY, supported by strong execution across business verticals and continued traction in the Power T&D segment.
- EBITDA for FY26 increased by 21% YoY to Rs. 820 crore, while Operating PAT grew by 28% YoY to ₹
421 crore, driven by operating leverage, improved efficiencies and disciplined margin management.
- Enhanced working capital efficiency, improved leverage metrics and generated operating cash flows of ₹ 817 crore which is almost doubled that of last year.
- As of 31st March 2026, the Un-executed Order Book (UEOB) including L1 stood at ₹16,361 crore up by 12% Y-o-Y, providing strong revenue visibility for the coming years.
- The Company continues to pursue opportunities across Power T&D, Railways, Civil and Pole businesses, while maintaining a balanced and diversified project portfolio.
- The Board of Directors has approved a further capex plan of ₹ 203 crore.
- The Board of Directors have recommended a dividend of 100% on equity share capital, that is ₹ 2 per equity share for the financial year ended 31st March 2026.
Commenting on the results, Mr. Randeep Narang, MD & CEO said:
“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.”