Transrail Lighting Limited · NSE:TRANSRAILL
Transrail Lighting — Q4 & FY26 Earnings Presentation
32 slides from Transrail Lighting's earnings presentation, May 26, 2026
Slide 1: Exchange filing cover letter for earnings call presentation
May 26, 2026 To To Sr. General Manager Sr. General Manager Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex Mumbai - 400001 Bandra (E), Mumbai - 400 051 Sc
Slide 2: Investor Presentation Q4 & FY26
TRANSRAIL LIGHTING LTD Investor Presentation Q4 & FY26 Building scale Creating Value Expanding globally
Slide 3: Disclaimer
Disclaimer This presentation is issued by Transrail Lighting Limited (the “Company”) for general information purposes only and does not take into account any specific objectives, financial situations or needs of any particular person. It does not constitute, and should not be construed as, an offer,
Slide 4: FY26: The Year Gone By
FY26: THE YEAR GONE BY Financial Momentum Execution Milestone ▪ Revenue of ₹ 6,880 Cr, 30% YoY Growth ▪ 1,900 CKM transmission lines executed (against Guidance of 25%) ▪ Phase 1 of Bangladesh River crossing TL completed ₹ 6,880 Cr ▪ EBITDA grew by 21% ▪ 150,000 MT of towers supplied HIGHEST EVER REV
Slide 5: FY26 Marks a Year of Record-Breaking Performance
FY26 MARKS A YEAR OF RECORD-BREAKING PERFORMANCE REVENUE from Operations (₹ cr.) EBITDA (₹ cr.) and EBITDA Margins (%) PAT (₹ cr.) and PAT Margins (%) ▲ 30% YoY ▲ 21% YoY ▲ 28% YoY 50.00% 820 900 6,880 45.00% 450 421* 20.00% 40.00% 676 440 430 420 5,308 410 400 35.00% 700 390 380 370 328 18.00% 360
Slide 6: Backed by Industry Tailwinds
Backed by Industry Tailwinds Industry Enablers & Opportunities Transmission line addition Energy Transition Accelerating Grid Investments National Electricity plan - 191,000 CKM of Transmission lines Renewables, EVs, and storage driving large-scale grid addition by 2032 which is 38% of India’s total
Slide 7: Corporate Overview
IL TRIANSR Corporate Overv
Slide 8: Transrail at a Glance
Transrail at a Glance Diversified Business Portfolio T&D Substation Civil Construction Railways Poles & Lighting Solar EPC Footprint across Supplied 4 Decades + of Expertise 63 1.50 Mn Countries MT of Towers Constructed Supplied 19,500+ 36,900+ 226,000+ Man Months of CKM Transmission Lines KM of Con
Slide 9: Performance Snapshot
Performance Snapshot Closing Order Book (₹ Cr.) Revenue (₹ Cr.) 16,313 14,551 6,880 9,619 10,100 5,308 4,077 5,908 3,152 2,350 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 EBITDA (₹ Cr.) PAT (₹ Cr.) 820 421* 676 327 478 233 294 206 108 65 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 8 SUST
Slide 10: Growth & Value Drivers
Growth & Value Drivers Strong Balance Sheet and Consistent Consistent growth and market presence in the Profitability Driving Long-Term Value Creation power transmission and distribution sector backed by proven implementation capabilities. Strong leadership led by experienced Fully backward-integrat
Slide 11: Board of Directors
Board of Directors Digambar Bagde Sanjay Kumar Verma Randeep Narang Executive Chairman Non-Executive Vice Chairman Managing Director & CEO Raman Rajagopalan D Suryanarayana Shrikant Chaturvedi I. S. Jha Deputy Managing Director Whole-time Director Non-Executive Director Non-Executive Director Ranjit
Slide 12: Leadership
Leadership DIGAMBAR BAGDE Executive Chairman He is the Promoter of our Company and a stalwart of the Power T&D industry, with five decades of rich and diverse experience. He holds a Bachelor of Science degree in Civil Engineering from the Maharaja Sayajirao University of Baroda. After his initial de
Slide 13: Q4 & FY26 Highlights
Q4 & FY26 Highlights
Slide 14: Business Highlights FY26
Business Highlights FY26 Operational Highlights Domestic Projects Commissioned ✓ Brownfield and greenfield expansion of tower manufacturing has been ✓ 765 kV D/C TL project in Khetri Narela for Powergrid, Package 2 and 3 successfully completed ✓ 765kV D/C Transmission Line Ahmedabad – Lakadia for Po
Slide 15: FY26 Order Inflow and Un-executed Orderbook
FY26 Order Inflow and Un-executed Orderbook Order `Inflow Un-executed` Order Book 2% 3% Domestic - 63% Domestic - 61% 2% 1% 6% International - 37% 5% International - 39% Rs. 8,520 cr. Rs. 16,313 cr. Order Intake for as on Mar’26 FY26 89% 92% Power T&D Civil Railways Pole & Lighting Power T&D Civil R
Slide 16: Results Summary Q4 & FY26 - Consolidated
Results Summary Q4 & FY26 - Consolidated % Change % Change Particulars (₹ Cr.) Q4 FY26 Q4 FY25 FY26 FY25 YoY YoY Revenue from Operations 1,863 1,946 -4% 6,880 5,308 30% EBITDA 207 237 -13% 820 676 21% EBITDA Margin 11.1% 12.2% 11.9% 12.7% Depreciation & amortisation 20 16 21% 66 56 18% Other income
Slide 17: Borrowing, Working Capital & Credit Rating
Borrowing, Working Capital & Credit Rating Particulars (in ₹ Cr) 31-03-26 31-03-25 Inc/(Dec) Particulars (in ₹ Cr) 31-03-26 31-03-25 Inc/(Dec) Cash Flow Analysis LT Borrowings 88.53 38.53 50.00 Cash flow from operations 816.89 415.08 401.81 Borrowings ST Borrowings* 570.87 604.93 -34.06 ✓ Net Debt r
Slide 18: Update on CAPEX
Update on CAPEX Successfully doubled tower manufacturing capacity to 172,400 MTPA in FY26 through greenfield and brownfield expansions across key facilities Capacity Planned: Timelines: Post CAPEX Product Phase 1 Phase 2 Product Pre - CAPEX (Phase 1 + Phase 2) Brownfield Greenfield Brownfield Towers
Slide 19: Strong and Consistent Financial Performance
Strong and Consistent Financial Performance Debt to Equity (x) Net Debt (₹ Cr.) & Net Debt to EBITDA (x) YoY Improvement: 28% 39% 15% YoY Improvement : 31% 34% 55% 1.63 1.12 0.74 0.33 600.00 - 500.00 533 502 0.78 (5 .00) 480 400.00 0.56 (1 0.00) 300.00 274 200.00 0.34 0.29 (1 5.00) 100.00 (2 0.00) 0
Slide 20: Business Overview
Business Overview
Slide 21: Legacy of 4 Decades
Legacy of 4 Decades 1984 1993 2007 Transrail Engineering 1987 Factory for Tower Factory of conductor 2008 Company (TEC) started First Direct 400 kV manufacturing in First International manufacturing with first foundation transmission Line Baroda Turnkey project established in Silvassa. work on 132kV
Slide 22: Global Reach & Operations
Global Reach & Operations India • Ongoing Projects: 50+ • Over 300 projects completed, working with all leading developers in India. • Turnkey EPC of Transmission lines of 765 kV, 800 kV HVDC constructed. • AIS & GIS Substations constructed on turnkey basis. • Rural electrification and underground c
Slide 23: Manufacturing Units & Tower Testing facility
Manufacturing Units & Tower Testing facility European ISO certified NABL Certified conformity certified NSCI Certificate of Deoli Tower Plant Merit 2025 – Deoli ‘A Grade’ – Plant POWERGRID Tower Factory - Deoli Conductor Factory - Silvassa Fully backward-integrated manufacturing platform delivering
Slide 24: Glimpse of Completed Projects
Glimpse of Completed Projects 225/30 kV Substation project at 138kV Substation and Transmission Line Mali Ahmedabad- Lakadia 765kV Transmission Project in Nicaragua line project 400kV D/C Rooppur-Gopalganj Cooling tower at Udangudi and 765 kV D/C Transmission lines in Railway S&T and OHE project for
Slide 25: Glimpse of On-going Projects
Glimpse of On-going Projects Koppal-II PS – Narendra (New) TNEB 400 kV DC MC Transmission 400 kV400 D/CkVTransmission Line TaZa D/C Transmission LineProject 400kV DC Koppal to Gadag Transmission 765 kV D/C line Line Project. (Tanzania) TaZa Project (Tanzania) Line Project 10.2 km long Road Bridge ov
Slide 26: Key Investment Highlight
Key Investment Highlight Track record of established presence and growth in power transmission and distribution vertical through implementation and execution skills, Consistently achieved guidance through operational excellence and disciplined financial management Backward integrated manufacturing f
Slide 27: Striving for Global ESG standards
Striving for Global ESG standards Transrail is committed to building stronger Environment communities through sustainable action, empowering • Focus on reducing environmental impact through efficient use, recycling, and reuse of lives through initiatives focused on healthcare, resources education, s
Slide 28: Transrail's CSR Activities for FY26
Transrail’s CSR Activities for FY26 We firmly believe in giving back to society and we are actively contributing to the well-being of the communities we serve through two flagship programs of a CSR initiative called “Transrail Aarogya” and “Transrail Saksharta”. Healthcare Education • 4,095 cataract
Slide 29: Awards & Achievements
Awards & Achievements Mr. Ghanshyam Prasad, Received ET Now Most Admired Chairperson, CEA along with Recognised with Special Jury Emerging Company in the Power Mr. R K Tyagi, CMD, PGCIL Appreciation in Infrastructure Sector: ET Now Infra Focus felicitating our MD & CEO for Category at CII WR SHE Awa
Slide 30: Awards & Achievements
Awards & Achievements Transrail Secures 321st in Revenue, 465th in Transrail Ranked at 441 Transrail Achieves 373rd Rank in Market Cap, 396th in Financial Sustainability by Fortune India 500 large companies of 2025 Revenue, 648th in Market Cap in Index in Business Standard Top 1000 Business Standard
Slide 31: Transrail: Industry participation
Transrail : Industry participation ESG Recognition by DNV – Received by Mr. Randeep Narang(MD) and Participation in IEEE PES T&D, Chicago Mr. Suryanarayana (WTD) Participation in Bharat Energy Summit BES 2026, Delhi Team Transrail 30
Slide 32: Thank You
Thank You Corporate Office Transrail Lighting Limited A Wing, 5th Floor, Fortune 2000, BKC, Bandra East, Mumbai – 400051, India Investor Relations: Manasi Bodas investor.relations@transraillighting.com www.transrail.in CIN: L31506MH2008PLC179012 | NSE : TRANSRAILL | BSE : 544317 31