Titagarh Rail Systems Ltd · NSE:TITAGARH
Titagarh Rail Systems — H1 FY26 Earnings Presentation
18 slides from Titagarh Rail Systems's earnings presentation, Nov 14, 2025
Slide 1: Regulation 30 announcement to stock exchanges
14th November, 2025 BSE Limited (BSE) National Stock Exchange of India Limited (NSE) The Department of Corporate Services The Listing Compliance Department Phiroze Jeejeebhoy Towers Exchange Plaza Bandra-Kurla Complex Dalal Street, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip Code: 532966 Sym
Slide 2: Investor Presentation Q2 & H1 FY26
INVESTOR PRESENTATION Q2 & H1 FY26
Slide 3: 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 4: Pioneering Innovation & Precision Engineering for Unparalleled Rail Systems
Pioneering Innovation & Precision Engineering for Unparalleled Rail Systems Titagarh Rail Systems Limited: About the 01 Company Q2 & H1 FY26 Operational & Business 02 Update 03 Strong Order Book Position 04 Business Segments 05 JVs and Partnerships 06 Strong Industry Tailwinds 3
Slide 5: About the Company
About the Company
Slide 6: Titagarh Rail Systems Limited: An Overview
Titagarh Rail Systems Limited: An Overview TRSL continues to be a Net Debt negative company 12,000Wagons per year 1997 4 300 Coaches per year Year of Establishment Manufacturing Facilities Manufacturing Capacity ~15,077 Cr- Company Only Indian Company ~25% 13,326 Cr- Share from JV Manufacturing both
Slide 7: Titagarh Wagons to Titagarh Rail Systems
Titagarh Wagons to Titagarh Rail Systems 1997 2007 2015 2019 2022 2023 2023 2024 2025 Wagon EMU/MEMU for Acquisition of Pune Metro – First Bangalore Metro Surat & Vande Bharat Design Centers in LOA received for Manufacturing Indian Railways Firema SpA, Italy, & Only (Steel bodied Ahmedabad Sleeper t
Slide 8: Manufacturing Facilities & Engineering Center
Manufacturing Facilities & Engineering Center 1 Kolkata (India) Titagarh Rail Systems Limited Passenger Rail Systems Unit 2 Kolkata (India) Titagarh Rail Systems Limited Freight Rail Systems Unit Titagarh Rail Systems 3 Limited Steel Casting Unit (FRS) FRS Manufacturing facility PRS Manufacturing fa
Slide 9: Q2 & H1 FY26 Operational & Business Update
Q2 & H1 FY26 Operational & Business Update
Slide 10: Q2 & H1 FY26 - Key Business Updates
Q2 & H1 FY26 - Key Business Updates Freight Rail Systems Passenger Rail Systems 4,743 21 3,500 2,670 3 534 9 1,872 12 1,628 300 263 234 185 Q2 FY25 Q1 FY26 Q2 FY26 H1 FY25 H1 FY26 Q2 FY25 Q1 FY26 Q2 FY26 H1 FY25 H1 FY26 Wagons sold during the period Dispatch of Metro Coaches Sale of Traction Motors
Slide 11: Strong Order Book Position
Strong Order Book Position Receipt of Major New Orders ➢ New Order received for Rs 2700 crores during the quarter between the two business segments ➢ Major Order win • The Company has secured a Letter of Intent (LOI) dated 21st August, 2025 from Garden Reach Shipbuilders & Engineers Ltd. for Ship Co
Slide 12: Financial Snapshot (Standalone)
Financial Snapshot (Standalone) No.s in Rs. Cr. unless otherwise mentioned Net Net Revenue* Revenue EBITDA*^ PBT* PAT* 1,877.2 236.3 214.9 162.3 1,462.3 165.8 1,048.6 134.5 131.9 120.2 96.7 90.2 788.3 88.7 72.7 51.9 H1FY25 H1FY26 Q2FY25 Q2FY26 H1FY25 H1FY26 Q2FY25 Q2FY26 H1FY25 H1FY26 Q2FY25 Q2FY26
Slide 13: Q2 & H1 FY26 Standalone Profit & Loss Statement
Q2 & H1 FY26 Standalone Profit & Loss Statement Particulars (in INR Crs) Q2 FY26 Q2 FY25 Y-o-Y Q1 FY26 Q-o-Q H1 FY26 H1 FY25 Y-o-Y Revenue from Operations 788.32 1048.58 -24.82% 674.00 16.96% 1462.32 1877.20 -22.10% Cost of Materials Consumed 559.47 805.53 -30.55% 499.62 11.98% 1059.09 1425.86 -25.7
Slide 14: Q2 & H1 FY26 Segmental Performance
Q2 & H1 FY26 Segmental Performance No.s in Rs. Cr. unless otherwise mentioned Q2 y-o-y Q1 q-o-q H1 y-o-y Particulars FY26 FY25 Growth (%) FY26 Growth (%) FY26 FY25 Growth (%) Revenue 788.32 1048.58 -24.82% 674.00 16.96% 1462.32 1877.20 -22.10% EBITDA 88.71 134.46 -34.02% 77.10 15.06% 165.81 236.31 -
Slide 15: Standalone Balance Sheet
Standalone Balance Sheet EQUITY & LIABILITIES (Rs. Crs) Sep-25 Mar-25 ASSETS (Rs. Crs) Sep-25 Mar-25 Equity Share Capital 26.93 26.93 Property, Plant and Equipment 936.83 810.95 Other Equity 2569.60 2,492.81 Right-of-Use Assels 76.77 83.00 Total Equity 2596.53 2519.74 Capital Work-in-progress 128.47
Slide 16: Standalone Cash Flow Statement
Standalone Cash Flow Statement Particulars (Rs in Cr) Sep-25 Sep-24 Operating profit before working capital changes 165.85 234.18 Changes in working capital 93.16 -410.86 Cash generated from operations 217.76 -201.39 Direct taxes paid (net of refund) -27.17 -33.79 Net Cash from Operating Activities
Slide 17: Access the full presentation: Click Here
Additional information is available in the Strategic Plan and Business Outlook presentation uploaded on the exchange. Access the full presentation: Click Here 16
Slide 18: Thank You
Thank You Company : Investor Relations Advisors : MUFG Intime India Private Limited Name: Parth Patel / Prachi Ambre Name: Mr. Aditya Purohit parth.patel@in.mpms.mufg.com Email: parth.patel@in.mpms.mufg.com Email: aditya.purohit@titagarh.in prachi.ambre@in.mpms.mufg.com www.titagarh.in prachi.ambre@
Titagarh Rail Systems — H1 FY26 Earnings Presentation on 6ix