Q3 2025 Titagarh Rail Systems Ltd Earnings Call Transcript
Key Points
- Titagarh Rail Systems Ltd (BOM:532966) successfully rolled out its first stainless steel coach for Bangalore Metro, marking a significant milestone in its passenger segment.
- The company achieved a milestone by producing 100 traction motors in Q3, with plans to increase production to 150 by mid-2025.
- Titagarh Rail Systems Ltd (BOM:532966) remains the largest producer of wagons in the quarter, with a production of 2,218 wagons.
- The company has announced two new business verticals: signaling and safety systems, and shipbuilding and maritime systems, which are expected to drive future growth.
- The railways have extended the delivery period for Vande Bharat trains without financial implications, allowing the company to adjust its production schedule.
- Production was impacted by the non-availability of wheelsets from the railway wheel factory, affecting output in the first month of the quarter.
- There is ongoing uncertainty and delay in the Vande Bharat project due to changes in train configurations, pushing the first train delivery to March 2026.
- The company faces continued challenges with wheelset supply, which has not yet returned to normalcy.
- The EBITDA margin for the quarter was slightly lower than expected due to operating leverage disadvantages.
- The private sector wagon demand remains limited, comprising only 10-15% of the overall demand, which affects potential revenue growth.
Ladies and gentlemen, good day and welcome to Titagarh Rail Systems Limited Q3 and nine month FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Prachi Ambry from Orion Capital. Thank you and over to you ma'am.
Thank you, Yusuf. On behalf of Titagarh Rail Systems Limited, I extend a very warm welcome to all the participants on Q3 and nine month FY25 financial results discussion call. Today on the call, we have Mr. Umesh Chowdhary, Vice Chairman and Managing Director; Mr. Saurav Singhania, Chief Financial Officer.
Before we begin the call, I would like to give a short disclaimer. This call may contain some of the forward-looking statements which are completely based upon our beliefs, opinions, expectations as of today. This uncertainties are not a guarantee of our future performance and involve unforeseen risk and uncertainties.
With this, I would like to hand over the call to Mr. Umesh sir,
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