Latest news with #TitagarhRailSystemsLtd
Time of India
25-04-2025
- Business
- Time of India
Titagarh Rail unveils Vande production line
Kolkata: Titagarh Rail Systems Ltd (TRSL), in collaboration with Bharat Heavy Electricals Ltd (BHEL), unveiled the production line for Vande Bharat sleeper trains at its Uttarpara manufacturing facility on Friday. TRSL had bagged a contract from Indian Railways to manufacture 80 Vande Bharat sleeper train sets. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata The prototype trains are expected to roll out in the next year, according to Umesh Chowdhary, TRSL vice-chairman and MD. The plant has an annual capacity of manufacturing 300 coaches, which is being scaled up to 850 to meet increasing demand.
Yahoo
15-02-2025
- Business
- Yahoo
Titagarh Rail Systems Ltd (BOM:532966) Q3 2025 Earnings Call Highlights: Navigating Production ...
Production Challenges: Temporary production issues due to non-availability of wheel sets from the rail wheel factory. Passenger Segment: Rolled out the first stainless steel coach for Bangalore Metro. Traction Motor Production: Achieved production of 100 traction motors in Q3, targeting 150 by June or July 2025. New Business Verticals: Announced two new business verticals: signaling and safety systems, and shipbuilding and maritime systems. Vande Bharat Project: Project initiation in full stream with initial trains in 16-coach configuration, potential extension to 24-coach configuration. Metro Tender Pipeline: Active participation in ongoing metro tenders, leveraging new stainless steel metro line. Warning! GuruFocus has detected 4 Warning Signs with BOM:532966. Release Date: February 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Titagarh Rail Systems Ltd (BOM:532966) successfully rolled out its first stainless steel coach for Bangalore Metro, marking a significant milestone in its passenger segment. The company achieved a milestone by producing 100 traction motors in Q3, with plans to increase production to 150 by mid-2025. Titagarh Rail Systems Ltd (BOM:532966) remains the largest producer of wagons in the quarter, with a production of 2,218 wagons. The company has announced two new business verticals: signaling and safety systems, and shipbuilding and maritime systems, which are expected to drive future growth. The railways have extended the delivery period for Vande Bharat trains without financial implications, allowing the company to adjust its production schedule. Production was impacted by the non-availability of wheelsets from the railway wheel factory, affecting output in the first month of the quarter. There is ongoing uncertainty and delay in the Vande Bharat project due to changes in train configurations, pushing the first train delivery to March 2026. The company faces continued challenges with wheelset supply, which has not yet returned to normalcy. The EBITDA margin for the quarter was slightly lower than expected due to operating leverage disadvantages. The private sector wagon demand remains limited, comprising only 10-15% of the overall demand, which affects potential revenue growth. Q: Is there any impact on the order book due to the change from 16 to 24 coaches per train for Vande Bharat? A: Umesh Chowdhary, Executive Vice Chairman and Managing Director, explained that the change to a 24-car configuration will be done by exercising the option quantity, which will not reduce but potentially enhance the order quantity. There is no commercial impact on the current contract. Q: What is the status of the wheelset supply issue, and how is it affecting production? A: Umesh Chowdhary noted that the wheelset supply issue is ongoing, but the company has received permission to use imported wheels for railway wagons. The problem is expected to resolve in the coming weeks, and the company is working to mitigate the impact. Q: Can you provide an update on the Ahmedabad and Surat Metro projects? A: The Ahmedabad project is on track, with the first train expected in Q1 FY26. Production will start at one train per month, increasing to two. The Surat Metro will follow, with potential overlap in deliveries. Q: What is the outlook for private sector wagon orders and Indian Railway tenders? A: Umesh Chowdhary mentioned that private sector CapEx was subdued but is picking up, as evidenced by recent orders. Indian Railways is expected to issue new tenders in FY26, likely in Q3 or Q4. Q: What are the plans for the new business verticals in signaling and safety systems? A: The company is focusing on three subsegments: rail-mounted vehicles, onboard systems, and electronic systems. Strategic alliances and technology partnerships are being formed, with revenue expected to start reflecting in FY27 and FY28. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
