Transrail Reports Record H1 FY26 Results; PAT Jumps 84%, Order Book at ₹17,799 Cr
Engineering, procurement and construction (EPC) major Transrail Lighting Ltd reported a strong performance for the second quarter and half year ended September 30, driven by steady execution in its core Power Transmission & Distribution (T&D) business and robust order inflows.
The company’s revenue rose 43% year-on-year (YoY) in the September quarter (Q2 FY26), while profit after tax (PAT) surged 65% YoY to ₹91 crore, supported by higher operating leverage and tight cost controls. EBITDA for the quarter grew 34% to ₹186 crore.
Order inflows during the quarter touched ₹1,992 crore, up 62% YoY, reflecting strong demand in the domestic T&D segment. The company’s unexecuted order book stood at ₹15,116 crore as of September 30, up 46% YoY, and expanded to ₹17,799 crore including L1 (lowest bidder) positions.
Best-Ever Half-Yearly Performance
For the half year ended September 2025, Transrail delivered its best-ever performance, with revenue up 61% YoY and PAT rising 84% to ₹197 crore. EBITDA for the period grew 49% YoY to ₹386 crore, underscoring strong execution across ongoing projects.
Order inflows during H1 FY26 totaled ₹3,740 crore, a 66% increase over the previous year, largely from domestic T&D contracts.
In a boost to its financial profile, CRISIL upgraded the company’s long-term credit rating to AA-/Stable and the short-term rating to A1+, citing sustained growth and solid execution capabilities.
CEO Outlook
“H1FY26 has been our best-performing half year so far, reflecting the success of our strategy built on business development, revenue growth, and execution excellence, in line with our global ambition,” said Randeep Narang, Managing Director & CEO, Transrail Lighting Ltd.
He added, “We have seen strong traction in order inflows, led by the core Power T&D segment, along with encouraging momentum across allied verticals. With a robust order book and strong execution capabilities, we are well positioned to build on this momentum in the coming quarters.”
