Transrail Lighting Limited — Investor Meet, 30-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Transrail Lighting posted robust FY25 results with revenue of ₹5,308 Cr (+30% YoY), EBITDA up 41.5% to ₹676 Cr, and margins improving to 12.73%. PAT rose 40% to ₹327 Cr. Q4 saw revenue growth near 40% and stable margins. Order book stands at ₹15,915 Cr, split evenly between domestic and international markets, led by T&D. New orders surged 120% YoY to ₹9,680 Cr on a strong tender pipeline. Capex of ₹326 Cr is expanding tower and conductor capacity amid high utilization. Management targets 23-25% revenue growth in FY26 with steady margins. Focus remains on margin-driven orders, risk-managed international exposure, and efficient working capital.