Titagarh Rail Systems (TITAGARH) investor relations material

Executive summary

• Q1 FY27 achieved record revenue in the Passenger Rail Segment (PRS), with PRS revenue up 197% year-over-year and 43% sequentially, contributing 31% of total revenue; 1,284 wagons and over 30 coaches were dispatched.

• The total order book stands at ₹26,635 crore (including JV orders), with INR 13,335 crore on a standalone basis; PRS accounts for INR 10,395 crore and freight rail systems for INR 2,470 crore.

• Strategic collaborations and expansion into new technology segments, including Hyperloop-enabled freight mobility, high-speed trains, and shipbuilding, are underway.

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, were approved and released, with auditor review reports confirming compliance with accounting standards and no material misstatements.

• Re-appointment of the Executive Chairman for a five-year term was approved, subject to shareholder approval.

Financial highlights

• Q1 FY27 consolidated revenue from operations reached ₹875 crore, up from ₹799 crore in Q1 FY26; standalone revenue was ₹735.06 crore, up from ₹674 crore year-over-year.

• EBITDA margin improved to 12.42% in Q1 FY27 from 11.05% in Q1 FY26; standalone EBITDA margin at 12.09% in Q1 FY27.

• Profit before tax (before exceptional items) was ₹100 crore in Q1 FY27, compared to ₹71 crore in Q1 FY26; standalone net profit for the quarter was ₹51.99 crore.

• Consolidated net profit was ₹52.58 crore, compared to a loss of ₹23.02 crore in the same quarter last year.

• Paid-up equity share capital stood at ₹26.93 crore.

Outlook and guidance

• Coach production is set to increase steadily, aiming for 850 cars per annum by 2029-2030, with a potential revenue of INR 8,500 crore from PRS and INR 4,500 crore from freight at full capacity.

• Preparing to enter the high-speed train segment and augmenting production capacity to meet robust demand for passenger rolling stock.

• Identified pipeline opportunities of approximately ₹16,365 crore across multiple regions in India.

• No change in the target of 200 coaches for the year; metro projects in Bangalore and Gujarat are on track, with Mumbai Metro prototyping to begin in parallel.

• The company completed the sale of its entire shareholding in Titagarh Singapore Pte Ltd, which ceased to be a subsidiary effective May 5, 2026.