TITAGARH Titagarh Rail Systems Q3 FY26 results (Oct–Dec 2025) and concall
Titagarh Rail Systems reported a mixed Q3 FY26, with strong growth in its Passenger Rail Systems segment, evidenced by a significant revenue and EBITDA jump. However, the Freight Rail Systems segment saw muted revenue due to persistent wheel set supply chain challenges. The company made strategic progress with a new wagon leasing license and the completion of its shipbuilding business demerger, while also advancing its backward integration and capacity expansion plans for passenger coaches, with key projects expected to complete in H1 FY27.
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What they filed
Q3 FY26: revenue down 7.8%, net profit down 28.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 1,057 | 902 | 1,006 | 679 | 799 −24% | 832 −8% |
| EBITDA | 125 | 94 | 18 | 64 | 74 −41% | 91 −3% |
| Net profit | 81 | 63 | -124 | 31 | 37 −54% | 45 −29% |
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.
