This Transformer stock, which deals in the business of integrated transmission & distribution, and pole manufacturing company, surged upto 3 percent after the company expects to grow its revenue by 28 to 30 percent for FY25.
Share Price Movement
In Friday’s trading session, Transrail Lighting‘s share price touched a day’s high of Rs. 520.75 which was up by 2.61 percent. The stock reiterated from the day’s high and was trading at Rs. 510.55 which is 0.60 percent higher than the previous closing price of Rs. 507.50 apiece.
In the past year, the stock has given around 8.11 percent negative returns, and compared to the Nifty Index, Transrail Lighting has underperformed.
What happened
Transrail Lighting stock is in focus after it expects to grow its revenue by 28 to 30 percent in FY25. Further, on the order book front, they have received orders for Rs. 4,000 crore in Q4. 95 percent of the orders are related to Transmission & Distribution Business as per sources.
Recent Order
The company had received an order worth Rs. 1,647 crore in the Transmission & Distribution & the Railway Business. These new orders include Letters of Award (LOA) for major T&D projects in the overseas market which include EPC work of Transmission Lines & Substations.
Recent Management Commentary
The Managing Director & Chief Operating Officer of Transrail Lighting, Randeep Narang said “Our recent order wins of Rs. 1,647 crore further solidify our position in the T&D sector and highlight our international competency.
With year-to-date (YTD) order inflows close to Rs. 9,200 crore, we continue to build a project portfolio that supports profit-led growth. This balanced mix of domestic and international project wins this year, reflects our strategic focus on expanding globally while strengthening our presence in India.
As we move forward, we remain focused on execution and leveraging emerging opportunities to sustain our momentum.”
Financials
In its latest filing for the quarter ending December 2024, the company reported a 62.24 percent rise in revenue, reaching Rs. 1,358 crore compared to Rs. 837 crore in Q3FY24. During the same period, net profit increased by 89.79 percent from Rs. 49 crore in Q3FY24 to Rs. 93 crore in Q3FY25.
Business Mix
The company recognizes its operational revenue under the Engineering, Procurement, and Construction Business as its sole segment for the December 2024 quarter. Geographically, they earned 60.39 percent from Overseas and the remaining 39.60 percent from India for Q3FY25.
Order Book
As of 31st December 2024, the order book (unexecuted + L1) stood at Rs. 15,643 crores. The unexecuted order book stood at Rs. 11,499 crore as of Dec ‘24 and Order Inflow on a YTD basis, is Rs. 4,715 crore.
For the Unexecuted Order Book, 90.52 percent is from Power T&D (Including Substation), 5.51 percent from Civil, 2.44 percent from Railways, and the remaining 1.53 percent from Pole & Lighting.
Company Profile
Transrail Lighting Limited, founded in 1984 and headquartered in Mumbai, India, is a leading EPC company specializing in power transmission, distribution, and lighting solutions. It provides turnkey services for infrastructure projects, including galvanized steel structures, substations, and railway electrification.
Written by – Santhosh S
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