Transrail Lighting Limited , a key player in the Engineering, Procurement and Construction (EPC) business, has reported robust financial results for the second quarter and half-year ended September 30, 2025. The company also announced plans for a strategic acquisition to strengthen its civil EPC portfolio.

Financial Highlights

For Q2 FY26, Transrail Lighting reported:

• Revenue from operations of ₹1,534.25 crore, up 43.6% year-on-year
• EBITDA of ₹186.00 crore, a 34% increase from the previous year
• Net profit of ₹90.98 crore, showing a significant 65% growth

The half-yearly results were equally impressive:

• Revenue from operations reached ₹3,171.31 crore, a 61.4% jump from H1 FY25
• EBITDA stood at ₹386.00 crore, up 49% year-on-year
• Net profit surged to ₹196.80 crore, marking an 84% increase

Operational Performance

The company's order book remains strong, with a geographic revenue split of:

This diverse revenue stream demonstrates Transrail Lighting's strong presence both in India and overseas markets.

Strategic Acquisition

Transrail Lighting has approved the acquisition of a 32% stake in CEDEC Engineering Private Limited. This acquisition aims to strengthen the company's civil EPC portfolio, particularly in complex infrastructure projects such as bridges and hydro projects.

Key points of the acquisition:

• Investment: Up to ₹37.00 lakhs for a 32% stake
• Target Company: CEDEC Engineering Private Limited
• Strategic Rationale: To enhance technical and pre-qualification credentials for larger infrastructure projects
• Completion Timeline: Within 180 days from board approval

Management Commentary

Randeep Narang, Managing Director & CEO, stated, "Our Q2 and H1 FY26 results reflect the strong execution capabilities and diversified presence of Transrail Lighting. The planned acquisition of CEDEC Engineering aligns with our strategy to expand our civil EPC portfolio and participate in more complex, high-value infrastructure projects."

Dividend Update

The company has approved a dividend of ₹0.80 per equity share (face value ₹2) for the financial year ended March 31, 2025, which was ratified by shareholders in the Annual General Meeting held on September 23, 2025.

Future Outlook

With a robust order book, strategic expansion plans, and strong financial performance, Transrail Lighting appears well-positioned for continued growth in the EPC sector. The company's focus on both domestic and international markets, coupled with its move into more complex infrastructure projects, suggests a positive outlook for the coming quarters.

Investors and stakeholders will be keenly watching how the CEDEC Engineering acquisition unfolds and its impact on Transrail Lighting's future project pipeline and financial performance.

Transrail Lighting , a key player in the lighting and infrastructure industry, has reported impressive financial results for the second quarter, showcasing significant growth in revenue and profitability.

Key Financial Highlights

Strong Revenue and Profit Growth

Transrail Lighting reported a quarterly revenue of ₹912.00 crores, marking a 14% year-over-year growth. The company's profit after tax reached ₹64.00 crores, up 18% compared to the same period last year. These figures demonstrate robust financial performance and operational efficiency.

Expanding Order Book

The company currently holds an impressive order book worth ₹7,000.00 crores, representing a 25% year-over-year growth. This substantial increase in orders indicates strong market demand for Transrail Lighting's products and services.

Business Expansion and Diversification

Transrail Lighting is actively expanding its EPC (Engineering, Procurement, and Construction) projects across various sectors, including transmission, rail electrification, and smart infrastructure. This diversification strategy aims to strengthen the company's market position and create new revenue streams.

Capital Expenditure Plans

Management has announced plans for a significant capital expenditure of ₹400.00 crores, which will be directed towards enhancing the company's tower manufacturing capabilities. This investment is expected to boost production capacity and operational efficiency.

Ambitious Future Targets

Transrail Lighting has set ambitious targets for future growth. The company aims to achieve a ₹10,000.00 crores order book by FY27, demonstrating its confidence in long-term market opportunities and its ability to capture a larger market share.

Focus on Cash Flow Efficiency

Alongside its growth initiatives, the company is placing a strong emphasis on improving cash flow efficiency. This focus on financial management is crucial for supporting the planned expansion and ensuring sustainable long-term growth.

Market Implications

The strong financial results and ambitious growth plans position Transrail Lighting favorably in the market. The company's expansion into diverse infrastructure sectors, coupled with its robust order book and strategic investments, suggests a positive outlook for future performance.

As Transrail Lighting continues to execute its growth strategy and capitalize on market opportunities, investors and industry observers will be keenly watching its progress towards achieving its ambitious targets and maintaining its growth trajectory in the competitive lighting and infrastructure industries.