Transrail Lighting Q2 results: Net profit jumps 19% YoY to ₹55.11 crore, Revenue up 11.6%

The leading engineering, procurement and construction (EPC) firm specialising in power distribution and transmission projects released its first quarterly results after its listing. The company’s shares were listed on the NSE and BSE on December 27, 2024.

Transrail Lighting reported consolidated revenue from operations of ₹1,068.33 crore in Q2FY25, up by 11.65% compared to the same quarter a year ago. In Q2FY24, the company reported a revenue of ₹956.86 crore. Sequentially, the revenue from operations rose 19.11% from ₹896.90 crore in the June quarter.

The company’s consolidated profit after taxes (PAT) increased 19.07% year-on-year to ₹55.11 crore compared to ₹46.28 crore in the same quarter of the preceding financial year. On a quarter-on-quarter basis, the net profit increased 6.51% from ₹51.74 crore in Q1FY25.

Transrail Lighting also released its financial report for the six months ended September 30 2024.

The company’s revenue from operations during this period increased 8.36% to ₹1,965.23 crore, as against ₹1,813.53 crore clocked in H1FY24.

The PAT during this period increased 25.88% to ₹106.85 crore as compared to ₹84.88 crore in the six-month period ended September 2023.

As per SEBI guidelines, Transrail Lighting, which got listed on NSE and BSE on December 27 after its initial public offering (IPO), was required to file its financial results for the preceding quarter before the IPO launch. This was required to be done within 21 days of listing. This is why, in the Q3 earnings season, Transrail Lighting released its Q2 results.

“Since the Company got listed on BSE Limited and National Stock Exchange Limited on 27th December 2024, the said financial results are proposed to be approved pursuant to Regulation 33(3)(j) of the Listing Regulation, which mandates a newly listed company to submit its financial results for the quarter succeeding the period for which the financial statements have been disclosed in the offer document within 21 days from the date of listing,” the company said in a stock exchange filing.

Transrail Lighting stock performance

Shares of Transrail Lighting Limited got listed at ₹590 apiece on the NSE on December 27, 2024, marking a premium of over 36% compared to the IPO price of ₹432 apiece. Since then, the stock has gained around 1.7%, as per its closing price on the NSE on January 15. On Wednesday, the stock closed 5.24% lower at ₹600 apiece.