Transrail Lighting Q3 FY26 results (Oct–Dec 2025) and concall

Capital Goods · Concall AI · Call held 3 Feb 2026

Company page: Transrail Lighting share price, financials & guidance record

Transrail Lighting Limited delivered a strong Q3 and 9M FY26, marked by robust revenue growth of 32% and 49% respectively, and healthy EBITDA margins. The company significantly strengthened its balance sheet by reducing net debt and improving working capital. With a substantial effective order book of ₹18,216 crores and a positive outlook for the T&D sector, Transrail is well-positioned for future growth, despite some project execution challenges leading to conservative near-term guidance.

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What they filed

Q3 FY26: revenue up 32.3%, net profit up 14.3% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26
Revenue	1,088	1,357	1,946	1,655	1,565 +44%	1,795 +32%
Expenses	948	1,174	1,712	1,453	1,380	1,566
EBITDA	141	183	234	202	185 +31%	229 +25%
Margin	13%	14%	12%	12%	12%	13%
Other income	8	10	16	12	15	-4
Interest	46	49	59	50	60	55
Depreciation	13	14	16	15	15	17
Profit before tax	89	131	175	150	124 +39%	153 +17%
Tax rate	35%	25%	29%	27%	27%	27%
Net profit	58	98	125	109	90 +55%	112 +14%
EPS	4.62	7.27	9.28	8.10	6.73	8.33

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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