Transrail Lighting Limited’s stock climbed over 6% on January 16 following the announcement of strong Q3 FY25 results and the approval of a major capital expenditure (capex) plan.
Key Financial Highlights:
- Net Profit: ₹58 crore, up 22% YoY from ₹47.5 crore in Q3 FY24.
- Revenue from Operations: ₹1,068 crore, a rise of 11.5% YoY compared to ₹957 crore in Q3 FY24.
Capex Plan:
The board approved a capex plan of nearly ₹327 crore to expand manufacturing capacity, establish a new tower manufacturing facility, and procure machinery for construction. To fund the capex, the board also approved debt financing of up to ₹236.6 crore.
Order Book:
- Order Intake (H1 FY25): ₹2,248 crore.
- Total Order Book: ₹10,358 crore.
Stock Performance:
- Current Price: ₹632.70 (+6.03%)
- Previous Close: ₹596.70
- Day Range: ₹610.10 – ₹639.00
- Year Range: ₹532.30 – ₹718.90
- Market Cap: ₹82.43 billion
- Volume: 4.32 million
Company Overview:
Transrail Lighting is a leading EPC company specializing in power transmission and distribution. The company boasts a global presence across 58 countries and integrated manufacturing facilities for lattice structures, conductors, and monopoles.
Transrail Lighting’s IPO in December 2024 witnessed remarkable demand, with a subscription rate of 80.80 times and a listing gain of 37%. Proceeds from the IPO are being utilized for working capital, capex, and corporate purposes.
