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Titagarh Rail Systems (TITAGARH) investor relations material
Titagarh Rail Systems Q1 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.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 and dispatching over 30 coaches.
Wagon dispatches were 1,284 units, consciously moderated due to pending large tenders from Indian Railways and a current order book of ₹26,635 crore, including JV orders.
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.
Strategic collaborations and expansion into new technology segments, including Hyperloop-enabled freight mobility and high-speed trains.
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, with standalone revenue at ₹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%.
Profit before tax (before exceptional items) was ₹100 crore in Q1 FY27, compared to ₹71 crore in Q1 FY26; standalone net profit 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.
Segment performance
Freight Rail Segment contributed 68.74% of Q1 FY27 revenue, while PRS contributed 31.26%; Freight Rail revenue was ₹505.31 crore, PRS revenue ₹229.75 crore, and Shipbuilding & Maritime Systems ₹30.01 crore.
Freight rail segment production is currently scaled to 600-650 wagons per month, with capacity for 1,000 wagons, pending new order visibility.
Execution of metro projects (Bangalore, Gujarat, Mumbai) is on track, with bulk of Bangalore and Gujarat to be completed this financial year and Mumbai prototype to start in parallel.
Pune Metro extension will be produced entirely in-house, with new aluminum coach manufacturing capabilities being established.
Segment results before tax and interest: Freight Rail Systems ₹61.68 crore, Passenger Rail Systems ₹88.63 crore, Shipbuilding & Maritime Systems ₹33.69 crore.
- Record passenger rail revenue of ₹300.18 Cr; Firema issues restated comparatives.TITAGARH
Q2 26/27 - FY08 profits surged on wagon growth and HEMM recovery, with IPO-backed expansion ahead.TITAGARH
Q4 07/08 - Sales and PAT grew as wagons led, while IPO dilution lowered EPS and expansion accelerated.TITAGARH
Q4 08/09 - PAT held steady as wagon demand risks met EMU and overseas expansion.TITAGARH
Q4 09/10 - Wagon-led FY11 growth advanced despite delayed orders, with rail expansion and new markets offering upside.TITAGARH
Q4 10/11 - Standalone profit eased, but consolidated revenue and EBITDA advanced on broader operations.TITAGARH
Q4 11/12 - Railway order delays drove a sharp earnings decline as diversification became urgent.TITAGARH
Q4 12/13 - Delayed rail orders cut profits sharply; coaches and diversification anchor recovery plans.TITAGARH
Q4 13/14 - Standalone earnings surged, while consolidated losses and audit qualifications persisted.TITAGARH
Q4 14/15 - Standalone profits fell; consolidated revenue grew but losses deepened.TITAGARH
Q4 15/16
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