Transrail Lighting Limited, a leading Indian EPC company focused on the power transmission and distribution (T&D) sector, has reported a robust financial performance for the fourth quarter and full year ended FY2026, driven by strong execution and operational efficiencies across its business verticals.
The company recorded a 30% year-on-year growth in revenue for FY26, reflecting sustained operational momentum, particularly in the Power T&D segment. EBITDA rose by 21% YoY to ₹820 crore, while Profit After Tax (PAT) increased by 28% YoY to ₹421 crore, supported by operating leverage, improved efficiencies, and disciplined margin management.
Further strengthening its financial position, Transrail generated operating cash flows of ₹817 crore during the year—nearly double compared to the previous fiscal. The company also reported enhanced working capital efficiency and improved leverage metrics, indicating stronger balance sheet management.
As of March 31, 2026, Transrail’s unexecuted order book (UEOB), including L1 orders, stood at ₹16,361 crore, marking a 12% year-on-year increase and providing strong revenue visibility for the coming years. The company continues to actively pursue opportunities across its core segments, including Power T&D, Railways, Civil, and Pole businesses, while maintaining a balanced and diversified project portfolio.
In line with its growth strategy, the Board of Directors has approved a capital expenditure plan of ₹203 crore. Additionally, the Board has recommended a dividend of 100% on equity share capital, amounting to ₹2 per equity share for the financial year ended March 31, 2026.
Commenting on the results, Mr Randeep Narang, MD & CEO, said, “The stellar performance for FY26 reflected continued growth momentum for Transrail despite a dynamic operating environment. We have posted our highest-ever revenue, EBITDA and PAT numbers. This was supported by robust execution across key business segments and geographies, resulting in industry-leading margins.
Additionally, we made significant progress in strengthening our balance sheet through improved working capital efficiency, debt reduction, and robust operating cash flow generation of ₹817 crore, nearly double the level achieved in the previous year.
During the year, we have doubled our Tower manufacturing capacity and commissioned a new greenfield plant at Butiburi and are in the process of doing the same for conductors.
Backed by a healthy order book, strong bidding pipeline across businesses and geographies, Transrail remains well positioned to sustain its growth trajectory over the medium to long term.”
