Transrail Lighting Reports Stellar FY26 Results with 30% Revenue Surge and Record Order Book
Mumbai, May 27, 2026: Leading power transmission and distribution EPC firm Transrail Lighting Limited has announced its financial results for the fourth quarter and fiscal year ended March 31, 2026, delivering its highest-ever annual revenue, EBITDA, and profit numbers. The company’s consolidated full-year revenue from operations climbed 30% year-on-year to ₹6,880 crore, up from ₹5,308 crore in FY25, driven by strong operational execution across its power T&D, railways, civil, and pole business verticals. Annual EBITDA rose 21% to ₹820 crore, while operating Profit After Tax (PAT) grew 28% to ₹421 crore, maintaining a steady operating PAT margin of 6.1%, Transrail Lighting said in a press release.
The company’s full-year performance was further strengthened by enhanced working capital efficiency and improved leverage metrics, which generated operating cash flows of ₹817 crore—nearly doubling the previous year’s figures. As of March 31, 2026, Transrail’s unexecuted order book, including L1 positions, grew 12% year-on-year to ₹16,361 crore, ensuring high revenue visibility for the upcoming fiscal years. In light of these robust results, the Board of Directors has approved a capex plan of ₹203 crore and recommended a 100% dividend of ₹2 per equity share. Conversely, the company reported a softer fourth quarter, with Q4 FY26 revenue dipping 4% to ₹1,863 crore and operating PAT decreasing 24% to ₹97 crore compared to Q4 FY25.
Commenting on the results, Randeep Narang, MD & CEO said: “The stellar performance for FY26 reflected continued growth momentum for Transrail despite a dynamic operating environment. We have posted our highest ever Revenue, EBITDA and PAT numbers. This was supported by robust execution across key business segments and geographies resulting in industry leading margins. Additionally, we made significant progress in strengthening our balance sheet through improved working capital efficiency, debt reduction, and robust operating cash flow generation of ₹817 crore, nearly double the level achieved in the previous year. During the year, we have doubled our Tower manufacturing capacity and commissioned a new greenfield plant at Butiburi and are in process to do the same for conductors. Backed by a healthy order book, strong bidding pipeline across businesses and geographies, Transrail remains well positioned to sustain its growth trajectory over the medium to long term.”
