Transrail Lighting Q3 financial results for FY25, driven by solid revenue growth and improved profitability. The company, which recently completed its Initial Public Offering (IPO) in December 2024, attributes its success to operational efficiency and increased order inflows.
Transrail Lighting Q3 FY25 – Financial Highlights
- Revenue from Operations: INR 1,340.25 crores in Q3 FY25, a 62.9% YoY increase from INR 823.01 crores in Q3 FY24. Revenue for the nine-month period ending 31 December 2024, stood at INR 3,305.48 crores, up from INR 2,636.55 crores in the prior year.
- Total Income: INR 1,367.32 crores, up from INR 852.10 crores in Q3 FY24.
- EBITDA: INR 178.27 crores, reflecting improved cost efficiency and higher project execution.
- Profit Before Tax (PBT): INR 130.57 crores, up 122.1% YoY from INR 58.79 crores.
- Net Profit: INR 97.57 crores, marking a 108.4% YoY growth from INR 46.82 crores.
- Earnings Per Share (EPS): INR 7.83, compared to INR 3.99 in Q3 FY24.
Operational Performance & Key Developments
- EPC Segment Growth: The company’s Engineering, Procurement, and Construction (EPC) business saw strong traction in domestic and international markets.
- Geographical Revenue Split:
- International revenue: INR 809.53 crores in Q3 FY25, a 131.2% YoY growth from INR 350.11 crores.
- Domestic revenue: INR 530.83 crores.
- Order Book Strength: The company’s strong order pipeline reflects sustained demand in the power transmission and infrastructure sectors.
- IPO Impact: The company raised INR 838.91 crores through its IPO on 27 December 2024, comprising a fresh issue of INR 400 crores and an offer for sale of INR 438.91 crores.
- Private Placement: INR 482 crores were raised via a preferential issue in September 2024, strengthening its capital base.
Balance Sheet & Capital Structure
- Equity Base Expansion: Paid-up equity capital increased to INR 26.85 crores post-IPO from INR 24.79 crores.
- Debt Position: The company has maintained financial stability with no loan defaults as of Q3 FY25.
Management Commentary
Ajit Pratap Singh, CFO of Transrail Lighting, commented:
“Our Q3 FY25 results highlight our ability to scale operations efficiently while maintaining financial discipline. The IPO has strengthened our position, allowing us to expand further. With growing international demand, we are well-placed for sustained growth.”
Future Outlook
- Market Expansion: Plans to grow EPC operations in Africa, the Middle East, and Southeast Asia.
- Technology Investments: Focus on automation and engineering advancements to enhance execution efficiency.
- Dividend Policy: The board declared an INR 1.50 per share dividend for FY24.
- Sustainability Initiatives: Emphasis on ESG strategies aligned with global sustainability standards.
Conclusion
Transrail Lighting Q3 FY25 results highlight the strong performance, supported by revenue growth, profitability, and a strengthened balance sheet post-IPO. With a healthy order book, expanding global reach, and continued operational improvements, the company is positioned for long-term growth. Investors will be closely watching order inflows and execution progress in the post-IPO phase to assess future performance.
Transrail Lighting’s IPO debuted on 27 December 2024, delivering an impressive 28.14% return on its listing day. By 6 January 2025, the stock reached INR 718.90 per share, reflecting a total return of 66.4% since its listing.
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