Shares of Transrail Lighting surged nearly 8% on Wednesday to Rs 760 on the NSE after the company posted an impressive year-on-year growth across key financial metrics for the June quarter, despite sequential moderation.
The company’s revenue for Q1 stood at Rs 1,660 crore, marking an 81.25% rise compared to Rs 916 crore in the same quarter last year. However, revenue declined 14.71% quarter-on-quarter from Rs 1,946 crore.
Net profit grew sharply by 140.52% YoY to Rs 106 crore from Rs 52 crore, even though it slipped 16.39% sequentially from Rs 127 crore. Operating profit increased 66.19% YoY to Rs 200 crore, while EBITDA margin stood at 12%, slightly lower than last year’s 13%.
EPS rose 87.77% year-on-year to 7.83, even as it dropped 20.99% from 9.91 in the previous quarter.
Transrail’s order inflow for the quarter reached Rs 1,748 crore, up 72% YoY, with 79% from domestic orders and 21% international. Its unexecuted order book stands strong at Rs 14,654 crore, comprising 60% domestic and 40% international projects.
Key highlights from the quarter include the commissioning of the 765kV DC transmission line project in Khetri Narela for Powergrid and multiple 400kV lines in Solapur for Renew. The company also made progress internationally with a 132kV transmission project in Eswatini.
