Transrail Lighting Limited has secured new orders worth ₹575 crore, primarily in the transmission and distribution (T&D) segment, along with orders in civil and pole businesses. The company also holds an L1 position of approximately ₹400 crore and maintains a strong bidding pipeline across domestic and international markets. These developments bolster the substantial unexecuted orderbook, ensuring sustained operational visibility and reinforcing the long-term growth outlook.

The orders secured span multiple verticals, including the construction of a 500 kV HVDC line for a marquee customer, supply of products in international markets, specialised civil construction jobs, and pole supplies. Randeep Narang, MD & CEO, stated that the order wins highlight the company's diversified capabilities. He emphasized that with a strong unexecuted orderbook and an encouraging bidding pipeline, the company is well positioned to sustain growth momentum while maintaining execution discipline and delivering sustainable margins.

Order Details

The latest order wins cover a broad range of segments, reflecting the company's diversified operational footprint across domestic and international markets.

About Transrail Lighting Limited

Transrail Lighting is a leading turnkey engineering, procurement, and construction (EPC) company with a primary focus on the power transmission and distribution business. With four decades of experience, the global enterprise operates in 63 countries across five continents. It provides turnkey solutions across business verticals including transmission lines, substations, civil construction, railways, solar, and pole & lighting. The company employs more than 2,700 people and operates large-scale manufacturing facilities in India for galvanized lattice towers, overhead conductors, and galvanized monopoles.

Transrail Lighting Limited reported its best financial performance since listing for the year ended March 31, 2026, with revenue rising 30% to ₹6,880 crore. The company achieved record levels for revenue, EBITDA, and profit after tax, driven by healthy order inflows and strong execution momentum. For Q4FY26, revenue from operations stood at ₹1,863 crore, while EBITDA was ₹207 crore. The board recommended a dividend of ₹2 per equity share, representing 100% of the equity share capital.

Financial Performance

The company delivered robust growth across key metrics while improving margins and strengthening its balance sheet. Profit after tax for FY26 stood at ₹421 crore, an increase of 28% compared to the previous year. EBITDA for the full year reached ₹820 crore, reflecting a year-on-year growth of 21%, with an EBITDA margin of 11.92%.

Operational Highlights and Order Book

Order inflows for FY26 remained healthy at ₹8,520 crores. The company ended the year with an unexecuted order book, including L1, of approximately ₹16,361 crores, up from ₹14,551 crores in the previous year. This order book provides a revenue visibility runway of more than two years. Management guided for revenue growth of 20% to 22% for FY27, with EBITDA margins expected to be around 11%.

Balance Sheet and Capex

Transrail Lighting significantly reduced its net debt by ₹80 crores, a 30% reduction year-on-year, while operating cash flow more than doubled to ₹817 crores. Working capital days improved to 81 days in FY26 from 91 days in FY25. The company completed its tower manufacturing expansion, doubling installed capacity, and continues to invest in conductor manufacturing facilities. The board approved an additional capex of ₹203 crores towards construction productivity and equipment.