Transrail Lighting shares zoom 12% on robust Q1 earnings; consolidated EBITDA jumps 66% YoY

In its press release, Transrail Lighting said its operational revenue on a consolidated basis came in at ₹1,660 crore, up 81% year-on-year (YoY). Its operating profit, also known as EBITDA (earnings before interest, taxes, depreciation, and amortisation), jumped an impressive 66% YoY to ₹200 crore from ₹120 crore logged in Q1 FY25.

Its profit before tax came in at ₹147 crore, up 89% YoY from ₹77 crore seen in the corresponding period of the previous fiscal year.

Profit After Tax (PAT) jumped 105% YoY to ₹106 crore. PAT margin saw an increase of 46 bps to 6.33%.

Commenting on the results, Randeep Narang, MD & CEO, said, “We have started the financial year on a strong note, delivering robust growth in revenue, profitability and order intake. Our consistent order inflow, led by the core T&D segment, has further strengthened our order book, which, coupled with our sharp focus on execution, reinforces our confidence in sustaining this momentum in the quarters ahead.”

🔑 Key Highlights – Q1 FY26

📈 Strong Business Performance

• Revenue Growth Driven primarily by robust execution in the Transmission & Distribution (T&D) segment – the company’s core focus area.
• Profit Surge Achieved Profit After Tax (PAT) of ₹106 crore, marking a 105% YoY growth.

📦 Order Wins & Bookings

• New Orders Secured Total orders worth ₹1,748 crore in Q1FY26 → 72% YoY growth, mainly from domestic T&D projects
• Unexecuted Order Book (UEOB)
  • As of 30th June 2025: ₹14,654 crore (44% YoY growth)
  • Including L1: ₹15,637 crore

🏦 Credit Rating Upgrade

• Upgraded by CRISIL:
  • Long-Term: AA- / Stable
  • Short-Term: A1+

Transrail Lighting listing details

Shares of Transrail Lighting Ltd surged nearly 37% on the first day of trading on 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. Later in the trade, it soared 39.81% to ₹604.

Shares of the firm started the day at ₹590, surging 36.57% at the NSE.

The initial public offering (IPO) of Transrail Lighting received 80.80 times subscription on the last day of the share sale.

Transrail Lighting's ₹839 crore initial share sale had a price band of ₹410-₹432 per share.

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

"Proceeds from the fresh issue will be used to fund incremental working capital requirements, to support capital expenditure and for general corporate purposes," the company had said.