TITAGARH Titagarh Rail Systems Q2 FY26 results (Jul–Sep 2025) and concall
Titagarh Rail Systems Limited reported a Q2 FY26 marked by the resolution of wheel set availability issues, normalizing wagon production to 800-850 units per month. The company highlighted strong order book visibility for its passenger rail segments (Metro and Vande Bharat) extending to FY28 and FY31 respectively, with aggressive delivery targets for FY26. Strategic backward integration and the spin-off of the shipbuilding business were key discussion points, alongside the ongoing challenges with the Firema joint venture.
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What they filed
Q2 FY26: revenue down 24.4%, net profit down 54.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 1,057 | 902 | 1,006 | 679 | 799 −24% |
| EBITDA | 125 | 94 | 18 | 64 | 74 −41% |
| Net profit | 81 | 63 | -124 | 31 | 37 −54% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
