Transrail Lighting Limited · NSE:TRANSRAILL
Transrail Lighting — Q2 & H1 FY26 Earnings Presentation
31 slides from Transrail Lighting's earnings presentation, Nov 11, 2025
Slide 1: Cover letter to stock exchanges
11th November 2025 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
Slide 2: Investor Presentation Q2 & H1 FY26
TRANSRAIL LIGHTING LTD INVESTOR PRESENTATION Q2 & H1 FY26
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: Corporate Overview
Corporate Overview Deoli Factory 3
Slide 5: Transforming Infrastructure
Transforming Infrastructure Diversified Business Portfolio Footprint across 4 Decades + 60 of Expertise Countries Constructed Supplied T&D Civil Construction Railways Poles & Lighting Solar EPC 35,400+ 1.42 Million CKM Transmission Lines MT of Towers Order Book (₹ Cr.) as on Revenue (₹ Cr.) 14,551 1
Slide 6: Vision & Culture Pillars
Vision & Culture Pillars VISION To be a valued global EPC Company in the Power Transmission, Distribution, Lighting Solutions, Railways, Solar and other infrastructures. CULTURE We believe that all losses to People, Equipment, Materials and Environment (PEME) result from inadequate system designs, s
Slide 7: Global Footprint
Global Footprint India • 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 cabling jobs completed. • Factorie
Slide 8: Key Growth Drivers
Key Growth Drivers Track record of established presence and growth in power transmission and distribution vertical Strong and Consistent Financial through implementation and execution skills Performance Fully Backward integrated manufacturing facilities, having capacity Experienced promoter(s) with
Slide 9: 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 10: 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 Deputy Managing Director Whole-time Director Non-Executive Director Vinod Dasari Ashish Gupta I. S. Jha Ind
Slide 11: 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 12: Business Overview
Business Overview Tower Testing Facility, Deoli 11
Slide 13: Diversified Business Portfolio
Diversified Business Portfolio Power Transmission & Distribution Railways • Deliver integrated railway infrastructure solutions for large- • The company delivers end-to-end T&D solutions scale national projects with in-house design, manufacturing, testing, and installation, backed by a large galvani
Slide 14: Q2 & H1FY26 Consolidated Key Financial Highlights
Q2 & H1FY26 Consolidated Key Financial Highlights REVENUE from Operations (₹ cr.) EBITDA (₹ cr.) and EBITDA Margins (%) PAT (₹ cr.) and PAT Margins (%) ▲ 43% YoY ▲ 34% YoY ▲ 65% YoY 250.00 80.00% 120 25.00% 200 186 70.00% 106 Quarterly 1,660 200.00 60.00% 100 91 1,561 139 20.00% 50.00% 150.00 80 1,0
Slide 15: H1FY26 Order Inflow and Un-executed Orderbook
H1FY26 Order Inflow and Un-executed Orderbook Order Inflow Un-executed Order Book 0% 3% Domestic - 68% Domestic - 61% International - 32% 1% 1% International - 39% 5% 4% ₹ 3,740 cr. ₹ 15,117 cr. YTD Order Intake as on Sept’25 (YoY 66%) (YoY 46%) 92% 93% Power T&D Civil Railways Pole & Lighting Power
Slide 16: Business Highlights
Business Highlights Business Achievements Domestic Projects Commissioned in Q2FY26 International Projects Commissioned: Q2FY26 • 765 KV DC Banaskantha-Ahmedabad for Powergrid. • 230 Kv DC Line Rupoor-Dhamrai project in Bangladesh. • 765 kV DC Transmission line project in Khetri Narela, Package 1 • 1
Slide 17: Industry Overview
Industry Overview Indian power transmission and distribution EPC market Transmission & Distribution lines in India Indian power transmission and distribution EPC market Renewable Energy Expansion $1,217 $16,407 $1,539 $18,441 $2,161 $22,596 is estimated at around USD 20.5-21 billion by the year 2029
Slide 18: Manufacturing Units & Tower Testing facility
Manufacturing Units & Tower Testing facility Tower Factory - Deoli Tower Factory - Vadodara Tower Testing Facility ISO certified NABL Certified European conformity certified Pole Factory - Silvassa Conductor Factory - Silvassa 17
Slide 19: Update on CAPEX
Update on CAPEX CAPEX utilized for: Brownfield Expansion of Construction equipment (T&P) 1 existing manufacturing plants 2 Plant for tower manufacturing 3 for various domestic and (Tower, Conductor and Pole) International projects Timelines: Product Phase 1 Phase 2 Brownfield Greenfield Brownfield C
Slide 20: Progress on Factory Expansion
Progress on Factory Expansion Brownfield expansion of Tower Factory at Deoli Brownfield expansion of Tower Factory at Vadodara 19
Slide 21: Glimpse of Completed Projects (Q2 FY26)
Glimpse of Completed Projects (Q2 FY26) 765 kV D/C Transmission lines in Khavda 138kV Substation and Transmission Line Project in Nicaragua 400kV D/C Rooppur-Gopalganj Hazipur Chapra Monopole Transmission Line Project GG elevated flyover facade lighting project Cooling tower at Udangudi and Yadadiri
Slide 22: Glimpse of On-going Projects
Glimpse of On-going Projects 225KV D/C Garoua-Maroua TL 400 kV D/C Transmission Line TaZa Project River crossing Transmission Line (Cameroon) (Tanzania) Project (Bangladesh) 765KV D/C Merta II - Barmer Transmission Line 10.2 km long Road Bridge over river Railway Project Chennai-Gudur Poles for Bull
Slide 23: Key Financial Highlights
Key Financial Highlights Wardha Aurangabad Transmission Line 22
Slide 24: Results Summary Q2 & H1FY26 - Consolidated
Results Summary Q2 & H1FY26 - Consolidated % Change % Change Particulars (₹ Cr.) Q2 FY26 Q2 FY25 H1FY26 H1FY25 YoY YoY Revenue from Operations 1,561 1,088 43% 3,221 2,004 61% EBITDA 186 139 34% 386 259 49% EBITDA margin (%) 11.93% 12.73% 11.98% 12.91% Less: Depreciation & Amortisation 15 13 10% 29 2
Slide 25: Strong and Consistent Financial Performance
Strong and Consistent Financial Performance Debt to Equity (x) Net Debt (₹ Cr.) & Net Debt to EBITDA (x) 2.00 1.63 1.12 0.74 0.91 800.00 - 703 600.00 0.71 0.78 (5 .00) 0.56 533 502 400.00 (1 0.00) 480 0.34 0.38 412 (1 5.00) 200.00 (2 0.00) 0.00 FY22 FY23 FY24 FY25 H1FY26 FY22 FY23 FY24 FY25 H1FY26 N
Slide 26: Borrowing, Working Capital & Credit Rating
Borrowing, Working Capital & Credit Rating Particulars (in ₹ Cr) 30-09-2025 31-03-2025 Inc/(Dec) LT Borrowings 67.46 38.53 28.93 Borrowings ST Borrowings* 722.55 604.93 117.62 Less: Cash and cash equivalents 87.04 141.45 -54.41 Net Debt (ex-IPO Funds) 702.97 502.01 200.96 Less: IPO Funds 112.72 241.
Slide 27: Awards and Recognition
Awards and Recognition Most admired emerging company in the power sector by ET INFRA FOCUS in September 2025 27
Slide 28: Leadership Engagement and Digital Initiatives
Leadership Engagement and Digital Initiatives Director's visit to Deoli factory Director's visit to Khetri Narela project site SAP RISE adoption 27
Slide 29: Striving for Global ESG standards
Striving for Global ESG standards At Transrail, we are deeply committed towards developing a 'way of life" which is focused on sustainable development goals. While on the one hand we are striving to reduce our environmental footprint to bring positive social change on the other, we continue to reinf
Slide 30: Transrail's CSR Activities for Q2 2025-26
Transrail’s CSR Activities for Q2 2025-26 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”. 578 cataract surgeries 2384 Eye
Slide 31: Thank You
Thank You Corporate Office Transrail Lighting Limited Fortune 2000, Block-G, BKC - Bandra East, Mumbai – 400051, India Investor Relations: Chintan Sudhir Kotak Email: investor.relations@transraillighting.com Website: www.transrail.in CIN: L31506MH2008PLC179012 NSE : TRANSRAILL BSE : 544317 Youtube,
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