Transrail Lighting earnings calls.

Transrail Lighting delivered a strong Q3 FY26 with 32% YoY revenue growth to ₹1,796 croreCurrent 32% vs previous available quarter 30%. and EBITDA margins holding at 12.7%Current reported value: EBITDA margins holding at 12.7%. No comparable prior figure is available in the source record.. The 9-month performance is even more impressive at 49% revenue growth to ₹5,017 croreCurrent 49% revenue growth to ₹5,017 crore. Reported change: +49% YoY. with 61% PAT growth to ₹320 croreCurrent 61% PAT growth to ₹320 crore. Reported change: +61% YoY.. Order book remains robust at ₹18,216 croreCurrent ₹18,216 crore. Reported change: 2.5x revenue visibility. including L1, providing 2.5x revenue visibility. The company upgraded FY26 revenue guidance from 24-25% to 27% growth and targets 20-25% growth over the next two years. New GCC market entry and a ₹1 lakh crore addressable pipelineCurrent reported value: ₹1 lakh crore addressable pipeline. No comparable prior figure is available in the source record. (60% domestic, 40% international) support the growth outlook. Capex expansion is on track with brownfield at 70% utilization and greenfield completion expected by March-April. Key risks include RO/forest clearance delays causing conservative Q4 guidance, and rising subcontractor costs at 69% of revenue. Working capital improved to 83 days with net debt at ₹463 crore and CFO at ₹440 crore for 9M.