Latest news with #RandeepNarang
Economic Times
4 days ago
- Business
- Economic Times
Transrail Q1 Results: Net profit more than doubles to Rs 106 cr; order book crosses Rs 14K cr level
Transrail Lighting has said its net profit more than doubled to Rs 106 crore in the June quarter of FY26, pushed by higher revenues from core business segments. ADVERTISEMENT Transrail, an EPC player in the transmission and distribution sector, had logged a net profit (profit after tax) of Rs 52 crore in the April-June period of preceding 2024-25, the company said in a statement on Wednesday. In the first quarter, the company said its revenues surged 81 per cent to Rs 1,660 crore from Rs 916 crore in the same period a year ago. The revenue growth was primarily driven by strong execution in the transmission and distribution (T&D) segment, which continues to be the company's core area of focus, the statement said. The company also received new orders worth Rs 1,748 crore in Q1FY26, with a major portion of these wins coming from domestic T&D projects. This is a growth of 72 per cent year-on-year (YoY). As of June, the company's un-executed order book (UEOB) stood at Rs 14,654 crore. ADVERTISEMENT "We have started the financial year on a strong note, delivering robust growth in revenue, profitability and order intake. Our consistent order inflow led by the core T&D segment has further strengthened our order book which coupled with our sharp focus on execution, reinforces our confidence in sustaining this momentum in the quarters ahead," Randeep Narang, Managing Director and Chief Executive Officer of Transrail, said. Mumbai-based Transrail is an engineering, procurement and construction (EPC) player in the transmission and distribution (T&D) segment, along with civil, railways, poles and lighting, having a footprint across 59 countries. (You can now subscribe to our ETMarkets WhatsApp channel)
Business Standard
4 days ago
- Business
- Business Standard
Transrail Lighting hits all-time high after PAT more than doubles to Rs 106 crore
Transrail Lighting added 1.29% to Rs 802.90 after the company's consolidated net profit increased by 105% to Rs 106 crore in Q1 FY26 from Rs 52 crore in Q1 FY25. For the quarter, the company declared revenue of Rs 1,660 crore, a growth of 81% over the corresponding quarter of the previous year. EBIDTA improved by 66% to Rs 200 crore in Q1 FY26 from Rs 120 crore in Q1 FY25. EBIDTA margin fell by 100 basis points YoY to 12% in Q1 FY26. Profit before tax (PBT) in Q1 FY26 was at Rs 147 crore, up by 89% from Rs 77 crore posted in Q1 FY25. The company has received new orders worth Rs 1,748 crore in Q1 FY26, which is a growth of 72% YoY. Major portion of these order wins has come from domestic T&D projects. The un-executed order book (UEOB) stood at Rs 14,654 crore as of 30 June 2025, reflecting a robust 44% growth YoY. Total UEOB including L1 stands at Rs 15,637 crore. Randeep Narang, MD & CEO said: "We have started the financial year on a strong note, delivering robust growth in revenue, profitability and order intake. Our consistent order inflow led by the core T&D segment, has further strengthened our orderbook which coupled with our sharp focus on execution, reinforces our confidence in sustaining this momentum in the quarters ahead." The scrip advanced 4.0% to hit the days high at Rs 824.95, which is an all-time high for this counter. Transrail Lighting is a leading turnkey engineering, procurement and construction (EPC) company with primary focus on power transmission and distribution business with 4 decades of experience in construction and manufacturing.
Mint
5 days ago
- Business
- Mint
Transrail Lighting share price soars 13% in biggest 1-day spike since listing on strong Q1 results
Transrail Lighting share price in focus: Transrail Lighting, a recent debutant on Dalal Street, witnessed a sharp uptick in its shares during intraday trade on Wednesday, August 06, gaining 13% to hit a two-week high of ₹ 797 apiece. The rally came in response to the company's robust June-quarter results. Post-market hours on Tuesday, the company reported a 105% YoY jump in consolidated net profit to ₹ 106 crore in Q1, while revenue from operations rose 81% YoY to ₹ 1,660 crore from ₹ 916 crore in the same period last year. The revenue growth was primarily driven by strong execution in the Transmission & Distribution (T&D) segment, which remains the company's core focus area. At the operating level, EBITDA improved by 66% YoY to ₹ 200 crore, though margins slipped 100 basis points to 12%. During the quarter, the company secured new orders worth ₹ 1,748 crore, with a significant portion coming from domestic T&D projects, reflecting 72% YoY growth. The T&D segment accounts for 97% of the total order book, with the total unexecuted order book, including L1, standing at ₹ 15,637 crore. At the end of the June quarter, the company's unexecuted order book stood at ₹ 14,654 crore, marking a robust 44% YoY increase, as per the company's exchange filing. With India targeting 500 GW of renewable energy capacity by 2030, one of the world's most ambitious clean energy programs, the company sees strong potential for additional T&D orders. 'We have started the financial year on a strong note, delivering robust growth in revenue, profitability, and order intake. Our consistent order inflow, led by the core T&D segment, has further strengthened our order book. Combined with our sharp execution focus, this reinforces our confidence in sustaining momentum in the coming quarters," said Mr. Randeep Narang, MD & CEO. After a bumper listing on the exchanges in December 2024, the stock couldn't sustain its momentum in the following months, closing in the red for five consecutive months, including December. However, after a period of sluggishness, the stock staged a recovery in May, gaining 32% and the momentum extend into the following months, with stock gaining another 7% in June and 13% in July. The company's shares were listed at ₹ 585.15 apiece on the BSE and ₹ 590 on the NSE, a 36% above the IPO price of ₹ 432. At current levels, the shares are trading 76% above their listing price. Transrail Lighting is one of the leading EPC players in the T&D segment, with operations also spanning civil, railways, and poles & lighting, and a footprint across 58 countries. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
03-06-2025
- Business
- Business Standard
Transrail Lighting rises after securing orders worth Rs 534 cr
Transrail Lighting gained 2.75% to Rs 655.95 after the company announced that it has secured fresh domestic and international orders worth Rs 534 crore. Randeep Narang, MD & CEO, said, We are pleased to begin the new financial year with a steady build-up in order inflows, led by wins in our core transmission & distribution segment. These new orders also include our biggest substation job, which we are going to execute in Africa. With FY26 order intake already crossing Rs 1,600 crore, we remain focused on efficient execution and timely delivery. Transrail Lighting is one of the leading EPC players in the Transmission & Distribution (T&D) segment, along with Civil, Railways, and Poles & Lighting, having a footprint across 58 countries.
Business Standard
03-06-2025
- Business
- Business Standard
Transrail Lighting rises after securing order worth Rs 534 cr
Transrail Lighting gained 2.75% to Rs 655.95 after the company announced that it has secured fresh domestic and international orders worth Rs 534 crore. Randeep Narang, MD & CEO, said, We are pleased to begin the new financial year with a steady build-up in order inflows, led by wins in our core transmission & distribution segment. These new orders also include our biggest substation job, which we are going to execute in Africa. With FY26 order intake already crossing Rs 1,600 crore, we remain focused on efficient execution and timely delivery. Transrail Lighting is one of the leading EPC players in the Transmission & Distribution (T&D) segment, along with Civil, Railways, and Poles & Lighting, having a footprint across 58 countries. The company's consolidated net profit advanced 26.9% to Rs 126.57 crore, while revenue from operations rose 38.9% to Rs 1,906.65 crore in Q4 March 2025 over Q4 March 2024.
