Transrail Lighting shares soar 13% on Q1 profit surge, log best day since listing
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Shares Rebound After Slow Post-Listing Start
Shares of Transrail Lighting jumped as much as 13.2% to Rs 800 on the BSE on Wednesday, marking their biggest single-day gain since listing, after the engineering firm posted strong first-quarter results and a surge in fresh orders, reigniting investor interest in the recent market entrant.The rally followed the company's 105% year-on-year jump in consolidated net profit to Rs 106 crore for the June 2025 quarter. Revenue from operations rose 81% to Rs 1,660 crore, up from Rs 916 crore a year ago, driven primarily by strong execution in its core Transmission & Distribution (T&D) segment.Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 66% YoY to Rs 200 crore, although EBITDA margins slipped 100 basis points to 12%.The T&D segment remains the company's key growth engine, accounting for 97% of the total order book. Transrail Lighting secured fresh orders worth Rs 1,748 crore in Q1, up 72% from the year-ago period, with a significant chunk coming from domestic T&D projects.As of June-end, the company's unexecuted order book stood at Rs 14,654 crore, up 44% YoY, while the total order book, including L1 orders, stood at Rs 15,637 crore, according to its exchange filing.Management said it expects continued demand, supported by India's push toward 500 GW of renewable energy capacity by 2030 – 'one of the world's most ambitious clean energy programs.'Listed in December 2024 at Rs 585.15 on BSE and Rs 590 on NSE – 36% above its IPO price of Rs 432 – Transrail Lighting's shares struggled to hold early gains, closing lower for five consecutive months through April.The tide turned in May, with the stock climbing 32%, followed by 7% in June and another 13% in July. At current levels, the stock is trading 76% above its IPO price.Transrail Lighting is an engineering, procurement, and construction (EPC) player in India's T&D sector, with additional operations spanning civil works, railways, and poles & lighting. The company has a presence in 58 countries.
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