Titagarh Rail Systems Q4 FY26 results (Jan–Mar 2026) and concall

Capital Goods · Concall AI · Call held 1 Jun 2026

Company page: Titagarh Rail Systems share price, financials & guidance record

Titagarh Rail Systems Limited reported a mixed Q4 and FY26, marked by a strategic exit from Firema and the hiving up of its shipbuilding business. While overall turnover saw a decline, the passenger rail segment achieved record performance and significant growth. The company also diversified its freight business with wagon leasing and enhanced foundry capacity, setting ambitious targets for future growth across its segments.

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What they filed

Q4 FY26: revenue down 13.0%, net profit up 143.5% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26
Revenue	1,057	902	1,006	679	799 −24%	832 −8%	875 −13%
Expenses	932	809	987	615	725	741	783
EBITDA	125	94	18	64	74 −41%	91 −3%	92 +411%
Margin	12%	10%	2%	9%	9%	11%	11%
Other income	10	23	-128	11	14	0	14
Interest	17	21	22	18	18	18	17
Depreciation	8	6	8	12	12	13	14
Profit before tax	111	89	-140	45	57 −49%	60 −33%	75 +154%
Tax rate	27%	29%	-12%	32%	35%	25%	28%
Net profit	81	63	-124	31	37 −54%	45 −29%	54 +144%
EPS	5.99	4.66	-9.09	2.29	2.74	3.35	4.01

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.

What they filed

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