Titagarh Rail Systems Ltd · NSE:TITAGARH
Titagarh Rail Systems — Q1 FY27 Earnings Presentation
24 slides from Titagarh Rail Systems's earnings presentation, Aug 14, 2026
Slide 1: Exchange filing cover letter under Regulation 30
14th August, 2026 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 Symbo
Slide 2: Investor Presentation Q1 FY27
INVESTOR INVESTOR PRESENTATION PRESENTATION Q3 & 9M FY26 Q1 FY27
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 01 Titagarh Rail Systems Limited: About the Company 02 Order Book Position 03 Major Business Update 04 Q1 FY27 Operational 05 Subsidiaries & Joint Ventures – Key Updates 06 Shareholding Pattern 3
Slide 5: About the Company
About the Company
Slide 6: Manufacturing Facilities & Engineering Center
Manufacturing Facilities & Engineering Center 1 Kolkata (India) Passenger Rail Systems Unit 9 Delhi (India) Regional Office North 2 Kolkata (India) Wagon Plant Mumbai (India) Foundry Unit 1 Regional Office West Foundry Unit 2 Chennai (India) 9 Regional Office South 3 Bharatpur (India) Wagon and Defe
Slide 7: Order Book Position
Order Book Position
Slide 8: Strong Order Book Position
Strong Order Book Position ~13,335 ₹ Cr ~26,635 ₹ Cr TRSL Order Book (STANDALONE Incl. WOS) Total Order Book incl prorate share of JVs Sr. No. Business Unit Contribution to Orderbook (Amount) Contribution to Orderbook (%) 1 Freight Rail Systems ~2,470 Crores 19.20% 2 Passenger Rail Systems ~10,395 C
Slide 9: Major Business Update
Major Business Update
Slide 10: Business Updates
Business Updates ~5,300 1,284 1,771 30 31% wagon order book wagons dispatched coaches in order book coaches dispatched share of Q1 revenue FRS FRS PRS PRS PRS FRS — Freight Rolling Stock PRS — Passenger Rolling Stock • Order book of 491 metro coaches and 1,280 Vande Bharat coaches, • Order book of ~
Slide 11: Opportunity in Pipeline – PRS
Opportunity in Pipeline – PRS Combined identified pipeline opportunity of ~ ₹ 16,365 cr across three regions Western India South India Central & North ~₹ 3,500 cr ~₹ 4,000 cr ~₹ 8,865 cr • Pune Ph 2 • Chennai Ph 2 • Delhi Line 1 & Line 8 Extns • Nagpur Ph 2 • Bangalore Metro • Lucknow Ph 1B • Thane
Slide 12: Specialised Wagons
SPECIALISED WAGONS
Slide 13: Slide 13
Slide 14: Q1 FY27 Operational
Q1 FY27 Operational
Slide 15: Key Financial Highlights
Key Financial Highlights Rs 230 Cr PRS revenue 30 coaches dispatched 31% PRS share of revenue 1,284 wagons dispatched Highest ever quarter, +197% YoY +400% YoY / +43% QoQ vs 20.2% QoQ / 11.5% YoY vs 1,628 YoY / 1,749 QoQ ₹ in Crores Segment Breakup Q1 FY 27 % Q4 FY 26 % Q1 FY 26 % FY 26 % Freight Ra
Slide 16: Key Financial Numbers – Last 5 quarters (standalone)
Key Financial Numbers – Last 5 quarters (standalone) Revenue from operations EBITDA and EBITDA margin 1000 140 859 12.79% 14% 900 788 823 11.44% 12.04% 12.09% 120 11.25% 800 735 12% 674 99 104 94 700 100 88 10% 600 77 80 8% 500 400 60 6% 300 40 4% 200 20 2% 100 0 0 0% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26
Slide 17: Key Financial Numbers – Last 5 quarters (consolidated)
Key Financial Numbers – Last 5 quarters (consolidated) Revenue from operations EBITDA and EBITDA margin 1000 140 875 11.05% 900 799 832 12.42% 14% 765 120 11.06% 11.09% 800 10.51% 679 97 95 12% 700 100 84 92 10% 600 75 80 500 8% 400 60 6% 300 40 4% 200 100 20 2% 0 0 0% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY2
Slide 18: Subsidiaries & Joint Ventures – Key Updates
Titagarh Naval Systems Limited – Wholly Owned Subsidiary (WOS) Subsidiaries & Joint Ventures – Key Updates Ramkrishna Titagarh Rail Wheels Limited – Joint Venture with Ramkrishna Forgings Limited (RKFL) Proposed Joint Venture with BHEL – AMC for Vande Bharat
Slide 19: Update on Titagarh Naval Systems Limited
Update on Titagarh Naval Systems Limited • Setting up Brownfield Shipyard at Falta with a total Capex planned at ~ Rs 600 crores • TNSL became one of the first Indian shipyards to secure Rs 169 crores under the Shipbuilding Financial Assistance Scheme for the brownfield expansion of its Falta Shipya
Slide 20: Update on Rail Wheel Project (JV with RKFL)
Update on Rail Wheel Project (JV with RKFL) • Titagarh Rail Systems & Ramkrishna Forgings Consortium received an LOA for Manufacturing and Supplying of Forged Wheels for the Indian Railways. • The Company holds 49 % stake in the Joint Venture. • The JV will establish Asia’s 2nd largest manufacturing
Slide 21: Update on Vande Bharat JV with BHEL
Update on Vande Bharat JV with BHEL • Titagarh Rail Systems Limited ("TRSL"), pursuant to the Joint Venture Agreement entered into with Bharat Heavy Electricals Limited ("BHEL"), proposes to incorporate a new private limited company with its registered office in New Delhi for Manufacturing cum Maint
Slide 22: Shareholding Pattern
TITAGARH RAIL SYSTEMS LIMITED Shareholding Pattern
Slide 23: Shareholding Pattern as on 30th June, 2026
Shareholding Pattern as on 30th June, 2026 Percentage of Holding 7.56% Category No. of Shares % of Holding 10.87% Promoters (*) 54486861 40.46% Mutual Funds 16593811 12.31% 40.46% Resident Individuals 38703620 28.80% Foreign Portfolio Investors 14592965 10.87% Others 10086806 7.56% 28.80% *Promoter
Slide 24: Name: Aman Lohia Email Id: aman.lohia@titagarh.in Website: www.titagarh.in
Name: Aman Lohia Email Id: aman.lohia@titagarh.in Website: www.titagarh.in
Titagarh Rail Systems — Q1 FY27 Earnings Presentation on 6ix