Titagarh Rail Systems Ltd · NSE:TITAGARH
Titagarh Rail Systems — Q4 FY26 Earnings Presentation
28 slides from Titagarh Rail Systems's earnings presentation, Jun 2, 2026
Slide 1: Stock exchange cover letter under Regulation 30
2nd June, 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 Symbol:
Slide 2: Investor Presentation Q4 & 12M FY26
INVESTOR INVESTOR PRESENTATION PRESENTATION Q3 & 9M FY26 Q4 & 12M 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 02 Order Book Position 03 Major Business Update 04 Q4 & 12M FY26 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 ~14,240 ₹ Cr ~27,540 ₹ Cr TRSL Order Book (STANDALONE Incl. WOS) Total Order Book incl prorate share of JVs Contribution to Sr. No. Business Unit Contribution to Orderbook (Amount) Orderbook (%) 1 Freight Rail Systems ~3,115 Crores 22.67% 2 Passenger Rail Systems ~10,625 C
Slide 9: Major Business Update
_— 0000 AHMEDABAD =a ‘ ; Major Bus s Update wr ‘i [A J 7
Slide 10: Major Corporate Actions
Major Corporate Actions 1) Exited the loss-making business in Italy and provided for the ENTIRE investments and liabilities with respect to the same. No further losses or liabilities expected from this venture. 2) Ship building and maritime business has been hived off to wholly owned subsidiary Tita
Slide 11: Update on Freight Rail Systems (FRS)
Update on Freight Rail Systems (FRS) 1) Pending order book as at March 31, 2026 comprises ~6500 wagons for Indian Railways and private customers — entire order book scheduled for delivery in FY27. 2) Received first wagon leasing order from Balmer Lawrie for 2 rakes on 10-year operating lease 3) Succ
Slide 12: Specialised Wagons
SPECIALISED WAGONS
Slide 13: Update on Passenger Rail Systems (PRS)
Update on Passenger Rail Systems (PRS) 1) Total order book as March 31, 2026 includes 519 metro coaches, 1280 coaches of vande bharat, 71 propulsion sets and 571 traction motors (excluding option) 2) Acquired ~40 acres at Uttarpara to expand manufacturing capacity and build a fully integrated facili
Slide 14: Slide 14
Slide 15: Opportunity in Pipeline – Passenger Rail Segment
Opportunity in Pipeline – Passenger Rail Segment Central & North Western India South India (~Rs 8865 cr) (RS ~8000 cr) (~Rs 4000 cr) Delhi Line 1 & Line 8 Extns Mumbai Line 12 Lucknow Ph 1B Chennai Ph 2 Patna Pune Ph 2 Bangalore Metro Jaipur Ph 2 Nagpur Ph 2 Kochi Extension Gurugram Thane Namo Bhara
Slide 16: Q4 & 12M FY26 Operational
a 0000 AHMEDABAD = aa / / Q4 & 12M FY26 Operational be dl \ i [A = 7
Slide 17: Key Financial Highlights
Key Financial Highlights +111 % YoY 63 coaches 14.27 % PRS Revenue ₹539 Cr — highest ever PRS coaches supplied vs 12 last year PRS EBIT margin vs 8.27% / 3.02% Amount in Crores FY 26 execution vs FY 27 Outlook Segment Breakup FY 26 % FY 25 % FY 24 % FRS Segment Freight Rail Segment 2,604.25 82.84% 3
Slide 18: FY26 Key Financial Numbers – Last quarters (standalone)
FY26 Key Financial Numbers – Last 5 quarters (standalone) EBIDTA and PBT is before exceptional items, and PAT is for continuing operations 17
Slide 19: FY26 Key Financial Numbers – Last quarters (consolidated)
FY26 Key Financial Numbers – Last 5 quarters (consolidated) EBIDTA and PBT is before exceptional items, and PAT is for continuing operations 18
Slide 20: FY26 Cash Flow Statement
FY26 Cash Flow Statement Major Highlights Particulars (Rs in Cr) Mar-26 Mar-25 Operating profit before working capital changes 392.16 457.22 1) Cash flow from operations was Rs 311 crores positive as against negative cash flow Changes in working capital -11.74 -462.67 operations in the previous year
Slide 21: 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 22: 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 23: 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 24: 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 25: Shareholding Pattern
TITAGARH RAIL SYSTEMS LIMITED Shareholding Pattern
Slide 26: Shareholding Pattern as on 31st March, 2026
Shareholding Pattern as on 31st March, 2026 Percentage of Holding Category No. of Shares % of Holding Promoters 54486861 40.46%* 7.87% Mutual Funds 12561329 9.33% 10.66% Promoter Resident Individuals 42669878 31.68% 40.46% Mutual Funds Foreign Portfolio Investors 14361964 10.66% Resident Individuals
Slide 27: 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 26
Slide 28: Contact: Aditya Purohit
Name: Aditya Purohit Email Id: aditya.purohit@titagarh.in Website: www.titagarh.in
Titagarh Rail Systems — Q4 FY26 Earnings Presentation on 6ix