Transrail Lighting shares soar 10% as company posts solid growth in Q2 profit and revenue; check key numbers

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.

Its 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 months ended September 2023.

About Transrail Lighting IPO and listing

Transrail Lighting's initial public offering (IPO) garnered full subscription hours after opening for bidding.

The ₹839 crore IPO was available for public subscription from December 19 to December 23, 2024. The price band was set at ₹410-₹432 per share.

The company's proposed IPO is a combination of a fresh issue of shares worth ₹400 crore and an offer for sale of 1.01 crore equity shares by a promoter, Ajanma Holdings Private Ltd.

The IPO was subscribed nearly 81 times on day 3, with bids for more than 112.44 crore shares against 1.39 crore shares available for subscription.

Transrail Lighting is one of the leading Indian engineering, procurement, and construction (EPC) companies with a primary focus on the power transmission and distribution business and integrated manufacturing facilities for lattice structures, conductors, and monopoles.

It has a footprint in more than 58 countries.

Inga Ventures, Axis Capital, HDFC Bank, and IDBI Capital Markets & Securities were the book-running lead managers to the issue.

Shares of Transrail Lighting Ltd ended over 28% higher on the first day of trading, December 27, 2024, against the issue price of ₹432.

The stock listed at ₹585.15, reflecting a jump of 35.45% from the issue price on the BSE. In intraday trade, it soared 39.81% to ₹604. The stock ended at ₹553.30, rallying 28.07%.