Titagarh Rail Systems Ltd · NSE:TITAGARH
Titagarh Rail Systems — Q3 FY25 Earnings Presentation
31 slides from Titagarh Rail Systems's earnings presentation, February 2025
Slide 1: Investor Presentation | Q3 & 9M FY25
INVESTOR PRESENTATION | Q3 & 9M FY25
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Titagarh Rail Systems Limited (TRSL, the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe f
Slide 3: Pioneering Innovation & Precision Engineering for Unparalleled Rail Systems
Pioneering Innovation & Precision Engineering for Unparalleled Rail Systems Titagarh Rail Systems Limited: About the 01 Company 02 Q3 & 9M FY25 Operational Performance 03 Strong Order Book Position 04 Business Segments 05 JVs and Partnerships 06 Strong Industry Tailwinds 3
Slide 4: About the Company
About the Company
Slide 5: Titagarh Rail Systems Limited: An Overview
Titagarh Rail Systems Limited: An Overview TRSL continues to be a Net Debt negative company. 12,000 Wagons per year 1997 4 300 Coaches per year Year of Establishment Manufacturing Facilities Manufacturing Capacity 12,007 Cr- Company Only Indian Company 25-30 % 13,326 Cr- Share from JV Manufacturing
Slide 6: Titagarh Wagons to Titagarh Rail Systems
Titagarh Wagons to Titagarh Rail Systems 1997 2007 2015 2019 2022 2023 2023 2024 Wagon EMU/MEMU for Acquisition of Pune Metro – First Bangalore Metro Surat & Vande Bharat Design Centers in Manufacturing Indian Railways Firema SpA, Italy, & Only (Steel bodied Ahmedabad Sleeper train Kolkata, - Passen
Slide 7: Manufacturing Facilities & Engineering Center
Manufacturing Facilities & Engineering Center 1 Kolkata (India) Titagarh Rail Systems Limited Bangalore (India) 5 Passenger Rail Systems Unit Titagarh Rail Systems Limited Engineering Centre 2 Kolkata (India) Titagarh Rail Systems Limited Chennai (India) 6 Freight Rail Systems Unit Ramkrishna Titaga
Slide 8: Q3 & 9M FY25 Operational Performance
Q3 & 9M FY25 Operational Performance
Slide 9: Financial Snapshot (Standalone)
Financial Snapshot (Standalone) Net Revenue Net Revenue EBITDA PBT PAT +2.19% -0.16% +6.85% +5.56% 2,862.18 331.32 304.57 2,800.89 331.86 285.05 225.37 213.49 954.68 902.18 110.67 100.08 100.11 95.10 75.03 68.94 9MFY24 9MFY25 Q3FY24 Q3FY25 9MFY24 9MFY25 Q3FY24 Q3FY25 9MFY24 9MFY25 Q3FY24 Q3FY25 9MFY
Slide 10: Financial Performance Highlights
Financial Performance Highlights ₹ 902.18 Crore ₹ 100.08 Crore ₹ 95.10 Crore ₹ 68.94 Crore Q3 FY25 Revenue From Operations EBITDA PBT PAT -5.50% Y-o-Y -9.56% Y-o-Y -5.01% Y-o-Y -8.11% Y-o-Y Quarterly Revenue & Profitability metrics ₹ 2,862.18 Crore ₹ 331.32 Crore ₹ 304.57 Crore ₹ 225.37 Crore 9M FY2
Slide 11: Q3 FY25 - Key Business Updates
Q3 FY25 - Key Business Updates Freight Rail Systems Passenger Rail Systems 6 6,976 460 5,689 3 2,670 185 197 2,050 2,233 30 12 Q3 FY24 Q2 FY25 Q3 FY25 Q3 FY24 Q2 FY25 Q3 FY25 66 9M FY24 9M FY25 Dispatch of Metro Coaches 9M FY24 9M FY25 Wagons sold during the period Sale of Traction Motors & Traction
Slide 12: Strong Order Book Position
Strong Order Book Position Receipt of Major New Orders ➢ Received approximately Rs. 1,106 Crs worth of orders in 9M FY25 across business segments ➢ This includes Rs. 850 Crs worth of orders for Freight Rolling Stocks & Rs. 256 Crs worth of orders for propulsion system. ➢ As of December ’24 our order
Slide 13: Q3 & 9M FY25 Standalone Profit & Loss Statement
Q3 & 9M FY25 Standalone Profit & Loss Statement Particulars (in INR Crs) Q3 FY25 Q3 FY24 Y-o-Y Q2 FY25 Q-o-Q 9M FY25 9M FY24 Y-o-Y Revenue from Operations 902.18 954.68 -5.50% 1,056.95 -14.64% 2,862.18 2,800.89 2.19% Cost of Materials Consumed 697.99 738.69 807.83 2,195.33 2,145.02 Changes in Invent
Slide 14: Q3 & 9M FY25 Segmental Performance
Q3 & 9M FY25 Segmental Performance No.s in Rs. Cr. unless otherwise mentioned Q3 y-o-y Q2 q-o-q 9M y-o-y Particulars FY25 FY24 Growth (%) FY25 Growth (%) FY25 FY24 Growth (%) Revenue 902.18 954.68 -5.50% 1,056.95 -14.64% 2,862.18 2,800.89 2.19% EBITDA 100.08 110.67 -9.56% 129.41 -22.66% 331.32 331.8
Slide 15: Freight Rolling Stock
oA Freight Rolling Stock
Slide 16: Freight Rail Systems: Manufacturing Excellence for 25+ years
Freight Rail Systems: Manufacturing Excellence for 25+ years o 25+ years in design and manufacturing wagons 12,000 p.a 30,000 MT Liquid Metal for various. Wagon Capacity Installed capacity at two facilities - Titagarh and Uttarpara o Started with a capacity of 150 wagons pa in 1997. o Market leader
Slide 17: Passenger Rolling Stock
i Passenger Rolling Stock
Slide 18: Passenger Rail Systems: The Future Of Transportation
Passenger Rail Systems: The Future Of Transportation Expanding Rolling stock Capacity Current Proposed FY27 Proposed FY28 300 p.a 850 p.a 1,200 p.a Order Book2 (₹ in cr.) Gross Revenue (₹ in cr.) PBIT (₹ in cr.) 3.0% 3,481 Cr 6,750 Cr 541 Cr 436 Cr -00 Cr 13 Cr FY21 FY24 FY21 FY24 FY21 FY24 Rolling
Slide 19: Strategic Investment & Production Enhancement Plan
Strategic Investment & Production Enhancement Plan Metro and Passenger Coaches • Metro Coaches – Enhanced Phase 1 Phase 2 • Mainline Coaches Phase 3 to 36 cars / month • Metro Coaches – May 24 25 cars / month March 25 (VB) – 25 cars March 27 • Mainline Coaches (VB) - /month Enhanced to 36 cars / mon
Slide 20: Modernisation of Uttarpara Passenger Unit
MODERNISATION of Uttarpara Passenger Unit This unit of Titagarh Rail Systems Ltd. has been fully complied with an Industry 4.0 ready system to increase production using smart technologies. This improved communicating system is self-monitoring that can analyze and diagnose issues without the need for
Slide 21: Testing Facility – PRS Unit
Testing Facility – PRS UNIT Laser tracker measuring device Traction Motor Testing facility Testing Track Gauge Test (Faro vantage) Power module Assembly Shop for Winding shop Assembly of Traction Converter VPI Plant with Oven Export orders of Converters 21
Slide 22: Titagarh – Engineering Plan for Future FY26-27 onwards
Titagarh – Engineering Plan for Future FY26-27 onwards Metro Product Variants Under Not yet Grand Available 22 development developed Total Metro Product Variants 22 7 12 41 12 Carbody + Bogies 3 2 2 7 7 Propulsion - 25kV 9 6 15 Propulsion - 750Vdc 1 5 4 10 1500Vdc 4 4 Available Under To be Developed
Slide 23: Expanding Horizons & Maximizing Opportunities
Expanding Horizons & Maximizing Opportunities JVs and Partnerships 2015 2023 2023 2023 2024 Titagarh and ABB to Alliance with Sidwal Ramkrishna Forgings TRSL made a consortium jointly design, develop and Refrigeration Pvt Ltd (a TRSL acquired Firema and Titagarh Wagons to with BHEL to manufacture IG
Slide 24: Optimizing the Value Chain
Optimizing the Value Chain Backward integration Rail equipment value chain Forward integration • Investment in backward • Expert engineers committed to • Robust industrial manufacturing • Less reliance on third parties integration empowers to position design state of the art and execution capability
Slide 25: Strong Industry Tailwinds
Strong Industry Tailwinds
Slide 26: Indian Railways: 4th Largest Rail Network Globally
INDIAN RAILWAYS: 4th Largest Rail Network Globally • Capital outlay for the Indian Railways, FY25: 2.62 lakh Cr (22.7% of total Indian Railways (IR) Report Card - FY24 budgetary capex) & 2.7% more than FY24. 5,500 km of Tracks laid in FY24 • Total 452 railway projects (183 New Line, 42 Gauge Convers
Slide 27: Growing Momentum for Freight Rolling Stock
Growing Momentum for Freight Rolling Stock Growing Industry Landscape Positive Impact on TRSL • By FY30 increase share of Railways in freight traffic from 27% • Indian Railways is expected to procure around 1-1.2 lakh to 45%. incremental wagons representing a market opportunity of ₹ • Increase Annua
Slide 28: Passenger Rail System on Track for Expansion & Innovation
Passenger Rail System on Track for Expansion & Innovation Increasing Demand for Passenger Rail system in coming years : • Target: Waitlist free railways over the next 4 - 5 years. • 3,000 new trains on its network in the next four-five years and these are besides 400 to 450 Vande Bharat trains. Vand
Slide 29: Upcoming Metro Projects
Upcoming Metro Projects NORTH WEST Jammu & Kashmir Kms Jammu Metro Lite 23 Maharashtra Kms Srinagar Metro Lite 25 Nashik Metro Neo 33 Nagpur Metro Phase II 44 Haryana Kms Pune Metro Phase 1A 4 Gurugram Metro 29 Thane Integral Ring Metro 29 Metro Rail from HUDA City Centre to Cyber City 29 Pune Metro
Slide 30: Opportunity Pipeline
Opportunity Pipeline Expected Tender Sl. No Project Units Value (Rs. Crs.) Timeline February’25 to 1 Metro Coach Contracts ~1318 ~15,800 September’25 Vande Bharat Coach 2 ~3200 ~72,000 December’25 (Aluminum & SS) February’25 to 3 Propulsion Systems ~250 ~1,250 December’25 April’25 to 4 Traction Moto
Slide 31: Thank You
Name: Harsh Motika Email: harsh.motika@titagarh.in Phone: +91 7003781561 www.titagarh.in Website: www.titagarh.in Name: Parth Patel / Prachi Ambre parth.patel@linkintime.co.in Email: parth.patel@linkintime.co.in / prachi.ambre@linkintime.co.in prachi.ambre@linkintime.co.in Phone: +91 98197 85972 / +
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