FY26 Revenue Growth: 27%+
Revenue growth guidance upgraded from 24-25% to 27% for FY26. Company is stretching to beat this target pending resolution of RO/forest clearances in certain domestic projects.
TRANSRAILL / guidance tracker
Keep management guidance in view.
Transrail Lighting · forward-looking guidance across the available source record.
Research layer active
Guidance tracker
What management said would happen.
revenue
EBITDA Margin: 11.5-12% sustained
Management reaffirmed EBITDA margin guidance of 11.5-12% going forward, despite 17 crore one-time labor code provision taken this quarter.
Next 2 Years: 20-25% growth trajectory
Company targets 20-25% growth over the next couple of years, supported by current order book (2.5x revenue) and addressable market opportunity.
Addressable Market: ₹1 lakh crore
Addressable tendering opportunity of ₹1 lakh crore over next 12 months, split 60% domestic (₹60,000 crore) and 40% international (₹40,000 crore).
FY27 Revenue Growth: 20-22%
Full year guidance based on ₹16,361 crore order book and new order intake plan of ₹10,000-11,000 crore. Management notes base has become larger at ₹6,880 crore making 30%+ growth challenging in current environment.
FY27 EBITDA Margin: ~11%
Pruned from 11.92% in FY26 due to anticipated geopolitical disruptions, commodity cost inflation, and supply chain delays. Pass-through clauses cover only 35% of contracts, requiring prudent margin planning.
New Order Intake Target: ₹10,000-11,000 crore
Domestic bidding pipeline of ₹80,000-100,000 crore identified; international bid pipeline at ₹50,000 crore. Management targets 10-12% win rate from Q1 FY27 bids of ₹10,000 crore.
Capex ₹2,003 crore for Construction Equipment
Board-approved additional capex for construction equipment to improve execution productivity. Previous phase 1 capex (₹520 crore) on track for tower capacity 1,96,000 MT and conductor doubling by Q2-Q3 FY27.