Transrail Lighting shares jump over 3% after firm bags order worth ₹548 crore for MENA region

The EPC player in the power transmission and distribution (T&D) segment said the order includes a major international transmission line EPC project in a new country within the Middle East and North Africa (MENA) region.

With these additions, Transrail’s cumulative order inflows for FY26 have risen to more than ₹4,285 crore, reflecting strong order growth and continued momentum across key business segments.

In addition to these secured orders, Transrail currently holds an L1 position amounting to ₹2,575 crore, providing further visibility on future inflows and reinforcing the company’s prospects for the remainder of FY26.

“This, along with additional orders in the Railway and Poles & Lighting businesses, reflects the growing strength of our diversified capabilities. With cumulative FY26 inflows now at more than ₹4,285 crore and a further L1 position of ₹2,575 crore, we continue to strengthen our visibility for the coming quarters. We remain focused on selective bidding, disciplined execution, and expanding our footprint across priority geographies,” said Randeep Narang, MD & CEO of Transrail Lighting.

At 1:20 PM, Transrail Lighting shares were trading at ₹647.45 apiece on NSE, gaining 2.44%.

For a month’s time, the stock has tumbled 13%, while for a six-month period, it has climbed 14%. The stock, which was listed on December 24, 2024, has rallied over 13% since the beginning of the year.

The company has a market capitalisation of ₹8,689.05 crore.

Transrail Lighting Q2 earnings

The company reported a robust set of numbers for the quarter gone by; however, margin was under pressure.

In its earnings release, the company had said its operational revenue grew 43% YoY to ₹1,561 crore, while EBITDA jumped 34% YoY to ₹186 crore, supported by improved operating leverage and efficient cost control. EBITDA margin, however, slipped 80 basis points to 11.93% from 12.73% logged a year ago.

Its profit after tax (PAT) increased by 65% YoY to ₹91 crore. PAT margin also slipped by 55 basis points to 5.78% from 6.33% earlier.

The company said Q2 FY26 witnessed continued execution momentum in the Transmission & Distribution (T&D) segment, reaffirming its position as the company’s core growth engine.

The Unexecuted Order Book (UEOB) stood at ₹15,116 crore as of 30th September 2025, up 46% YoY, underscoring sustained business visibility. Including L1 (lowest one bidder), the total UEOB stood at ₹17,799 crore.

About Transrail Lighting

Transrail is a turnkey engineering, procurement and construction (EPC) company with a primary focus on the power transmission and distribution business with four decades of experience in construction and manufacturing.

With its headquarters in India, it is a global enterprise with a footprint in 60 countries across 5 continents. It provides turnkey solutions from designing, engineering, supply, manufacturing, construction, and testing services across all its business verticals, which include transmission lines, substations, renewables, railways, civil construction, and pole & lighting.