Titagarh Rail Systems Ltd · NSE:TITAGARH
Titagarh Rail Systems — Q4 FY25 Earnings Presentation
35 slides from Titagarh Rail Systems's earnings presentation, May 31, 2025
Slide 1: Stock exchange disclosure letter
31st May, 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 Symbol:
Slide 2: Investor Presentation Q4 FY25 & 12m FY25
INVESTOR PRESENTATION Q4 FY 25 & 12m FY 25
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 Q4 & FY25 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 ~11,200 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 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 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: Q4 FY25 Operational & Business Update
Q4 FY25 Operational & Business Update
Slide 10: Formation of Ship Building and Maritime Systems (SMS) Vertical
Formation of Ship Building and Maritime Systems (SMS) Vertical Government Government Incentives Overview Overview Incentives Overview Vessels Delivered & Strategic&Rationale Strategic Rationale TRSL revives focus on shipbuilding to • Ocean Research Vessel align with India’s self-reliance agenda Stro
Slide 11: Launch of Safety and Signaling Systems (SSS) Vertical
Launch of Safety and Signaling Systems (SSS) Vertical • New vertical aligned with Indian Railways' priority on enhanced safety and modernization. Overview • Aims to introduce advanced signaling & safety tech to both rail and metro networks. • Leverage existing Joint Venture with a global leader in s
Slide 12: Q4 FY25 - Key Business Updates
Q4 FY25 - Key Business Updates Freight Rail Systems Passenger Rail Systems 9,431 12 8,389 3 6 636 2233 197 2455 176 2700 12 18 42 Q4 FY24 Q3 FY25 Q4 FY25 Q4 FY24 Q3 FY25 Q4 FY25 84 FY24 FY25 FY24 FY25 Dispatch of Metro Coaches Wagons sold during the period Sale of Traction Motors & Traction Converte
Slide 13: Strong Order Book Position
Strong Order Book Position Receipt of Major New Orders ➢ Received more than Rs. 1200 Crs worth of orders in FY25 across business segments. ➢ This includes ~Rs. 900 Crs worth of orders for Freight Rolling Stocks & Rs. 303 Crs worth of orders for propulsion system. ➢ As of March ’25 our order book con
Slide 14: Financial Snapshot (Standalone)
Financial Snapshot (Standalone) No.s in Rs. Cr. unless otherwise mentioned Net Revenue Net Revenue EBITDA PBT* PAT +0.32% -2.87% +3.65% +2.20% 3,853.30 3,865.82 451.93 438.95 397.05 411.56 296.91 303.43 -4.63% -10.36% -4.46% -6.41% 1,052.41 1,003.64 120.07 111.99 106.99 83.41 107.63 78.06 FY24 FY25
Slide 15: Q4 & FY25 Standalone Profit & Loss Statement
Q4 & FY25 Standalone Profit & Loss Statement Particulars (in INR Crs) Q4 FY25 Q4 FY24 Y-o-Y Q3 FY25 Q-o-Q FY25 FY24 Y-o-Y Revenue from Operations 1003.64 1052.41 (4.63%) 902.18 11.25% 3865.82 3853.30 0.32% Cost of Materials Consumed (769.58) (806.68) 4.60% (697.99) (10.26%) (2964.91) (2951.70) (0.45
Slide 16: Q4 & FY25 Segmental Performance
Q4 & FY25 Segmental Performance No.s in Rs. Cr. unless otherwise mentioned Q4 y-o-y Q3 q-o-q 12M y-o-y Particulars FY25 FY24 Growth (%) FY25 Growth (%) FY25 FY24 Growth (%) Revenue 1003.64 1052.41 (4.63%) 902.18 11.25% 3865.82 3853.30 0.32% EBITDA 107.63 120.07 (10.36%) 100.08 7.54% 438.95 451.93 (2
Slide 17: FY25 Standalone Balance Sheet
FY 25 Standalone Balance Sheet EQUITY & LIABILITIES (Rs. Crs) Mar-25 Mar-24 ASSETS (Rs. Crs) Mar-25 Mar-24 Equity Share Capital 26.93 26.93 Property, Plant and Equipment 830.52 647.67 Other Equity 2492.81 2201.28 Right-of-Use Assels 83.00 90.70 Total Equity 2519.74 2228.21 Capital Work-in-progress 3
Slide 18: FY25 Standalone Cash Flow Statement
FY 25 Standalone Cash Flow Statement Particulars (Rs in Cr) Mar-25 Mar-24 Operating profit before working capital changes 457.22 477.89 Changes in working capital (462.68) (284.48) Cash generated from operations (5.46) 193.41 Direct taxes paid (net of refund) (95.71) (100.61) Net Cash from Operating
Slide 19: Freight Rolling Stock
Freight Rolling Stock
Slide 20: Freight Rail Systems: Manufacturing Excellence for 25+ years
Freight Rail Systems: Manufacturing Excellence for 25+ years 30,000 MT o 25+ years in design and manufacturing wagons 12,000 p.a. for various. Liquid Metal 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 21: Passenger Rolling Stock
Passenger Rolling Stock
Slide 22: 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. 1200 p.a. Order Book2 (₹ in cr.) Revenue (₹ in cr.) PBIT (₹ in cr.) FY 26: Year in Focus 3481 Cr ~6850 Cr 541 Cr 256 Cr -00 Cr 21 Cr FY21 FY25 FY21 FY25 FY21 FY
Slide 23: Strategic Investment & Production Enhancement Plan
Strategic Investment & Production Enhancement Plan Metro and Passenger Coaches • Metro Coaches – Phase 1 Phase 2 Phase 3 Enhanced to 36 cars / • Metro Coaches • Mainline Coaches month May 24 – 25 cars / March 25 (VB) – 25 cars March 27 • Mainline Coaches (VB) month /month - Enhanced to 36 cars / mon
Slide 24: 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 25: 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 Winding shop for Export orders of Converters Assembly of Traction Converter VPI Plant with Oven 24
Slide 26: Titagarh – Engineering Plan for Future FY26-27 onwards
Titagarh – Engineering Plan for Future FY26-27 onwards Metro Product Variants Under Not yet Grand 27 Available development developed Total Metro Product Variants 27 5 9 41 9 Carbody + Bogies 5 1 1 7 5 Propulsion - 25kV 9 2 4 15 Propulsion - 750Vdc 4 2 4 10 1500Vdc 4 4 Available Under Not yet develop
Slide 27: Expanding Horizons & Maximizing Opportunities: JVs and Partnerships
Expanding Horizons & Maximizing Opportunities JVs and Partnerships 2015 2023 2023 2023 2024 Titagarh and ABB to Alliance with Sidwal TRSL made a jointly design, develop Refrigeration Pvt Ltd (a TRSL acquired Firema Ramkrishna Forgings consortium with BHEL and manufacture IGBT WOS of Amber Italy whic
Slide 28: Optimizing the Value Chain
Optimizing the Value Chain Backward integration Rail equipment value chain Forward integration • Investment in backward • Expert engineers committed • Robust industrial • Less reliance on third parties integration empowers to to design state of the art manufacturing and execution allows to establish
Slide 29: Strong Industry Tailwinds
Strong Industry Tailwinds
Slide 30: Indian Railways: 4th Largest Rail Network Globally
INDIAN RAILWAYS: 4th Largest Rail Network Globally Indian Railways (IR) Report Card - FY24 5,500 km of Tracks laid in FY24 • Capital outlay for the Indian Railways, FY25: 2.65 lakh Cr (23.64% of total budgetary capex)* 3 • Total 452 railway projects (183 New Line, 42 Gauge Conversion & 2.7 227 Doubl
Slide 31: 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 • Indian Railways is expected to procure around 1-1.2 lakh 27% to 45%.* incremental wagons representing a market opportunity of ₹ • Increase Annu
Slide 32: 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.* Va
Slide 33: Upcoming Metro Projects
Upcoming Metro Projects NORTH WEST Jammu & Kashmir Kms Maharashtra Kms Jammu Metro Lite 23 Nashik Metro Neo 33 Srinagar Metro Lite 25 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 34: Opportunity Pipeline
Opportunity Pipeline Expected Tender Sr. No Project Units Value (Rs. Crs.) Timeline June ’25 to 1 Metro Coach Contracts ~1318 ~15,800 December ’26 Vande Bharat Coach 2 ~3500 ~72,000 December’25 (Aluminium & SS) Vande Metro June ’25 3 ~2856 ~19000 to August ’25 Sub-urban Rakes June ’25 to 4 Propulsio
Slide 35: Thank You
Thank You Company : Investor Relations Advisors : MUFG Intime India Private Limited Name: Parth Patel / Prachi Ambre Name: Harsh Motika parth.patel@in.mpms.mufg.com Email: parth.patel@in.mpms.mufg.com Email: harsh.motika@titagarh.in prachi.ambre@in.mpms.mufg.com prachi.ambre@in.mpms.mufg.com Phone:
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