Titagarh Rail Systems Ltd (BOM:532966)

Q2 2026 Titagarh Rail Systems Ltd Earnings Call Transcript

Nov 18, 2025 / 11:30 AM GMT

Release Date Price: ₹869.6 (-1.23%)

Transcript

Key Points

Positve

Titagarh Rail Systems Ltd (BOM:532966) has resolved the wheel set availability issue, allowing them to return to a production rate of around 800 wagons per month.
The company has secured new orders for the Mumbai Metro Line 5 and Line 6, enhancing their pipeline for the Metro coach business.
Titagarh Rail Systems Ltd (BOM:532966) is ramping up production capabilities, with plans to produce aluminum coaches entirely in India by Q1 FY27.
The company has a robust order book for passenger coaches, including Metro and Vande Bharat, with visibility up to FY31.
Titagarh Rail Systems Ltd (BOM:532966) is expanding its shipbuilding capabilities, with plans to produce 16 to 18 vessels per year, focusing on specialized vessels.

Negative

One month of the quarter was impacted by the wheel set availability issue, affecting production rates.
The company faces ongoing supply chain challenges, which are common in the industry and require constant management.
There is a high tax rate for the quarter, which is expected to normalize over the year.
The shipbuilding segment is still in its nascent stage, requiring significant ramp-up and investment.
Titagarh Rail Systems Ltd (BOM:532966) is in discussions to dilute its stake in the Italian joint venture, Firema, which may impact its international strategy.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TITG.NS - Titagarh Rail Systems Ltd
Q2 2026 Titagarh Rail Systems Ltd Earnings Call
Nov 18, 2025 / 11:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to T Tager Rail Systems Limited Q2 FY26 earnings conference call. As a reminder, all participant lines will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchstone phone. Please note that this conference is being recorded.

I now like to hand this conference over to Miss Prachiambre from MUFG In Time Investors relations team.

Thank you and over to you, ma'am.

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Unidentified_2 [2]
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