TITAGARH RAIL SYSTEMS LIMITED — Investor Meet, 06-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Titagarh Rail Systems posted record FY25 wagon production at 9,431 units despite H2 wheelset shortages expected to normalize from June. Foundry output reached a record 27,240 MT, targeting a 40,000 MT monthly run rate in FY26. Passenger segment aims for 20-25 cars/month by FY25-end and 40-50 by FY27. Propulsion supplied 636 traction motors, targeting 125-150/month in FY26 with a ₹400 Cr order book. Expansion includes Safety & Signaling and reactivated Shipbuilding with ongoing land acquisition. Order backlog supports FY26 visibility; focus on scaling high-value passenger products while leading in wagons.