Q3 2026 Titagarh Rail Systems Ltd Earnings Call Transcript
Key Points
- The passenger rail system has shown significant growth, with revenue increasing from INR odd crores to INR160 odd crores and EBITDA jumping from less than INR5 crores to about INR22 crores.
- The company has been awarded a wagon leasing license, which will strengthen its presence in the private sector wagon market.
- The merger of the shipbuilding business has been completed, and the business is expected to pick up well.
- The company signed an agreement with ABB for the transfer of technology, expanding its capabilities in the metro systems.
- The aluminum metro line project is underway and expected to be completed by Q2 of FY27, allowing for end-to-end manufacturing of aluminum metro coaches.
- Freight rail systems revenue has been muted, dropping from INR800 crores to around INR600 crores due to wheel set supply chain issues.
- There is a mismatch between the production and requirement of wheel types, impacting overall industry production.
- The company faced challenges in ramping up production due to wheel set shortages, affecting the desired production levels.
- The Italian state railway's offer to buy out the company's joint venture in Europe indicates challenges in the European market.
- The company has not disclosed specific numbers for the wagon segment order book, indicating potential uncertainties in this area.
Ladies and gentlemen, good day and welcome to the Titagarh Rail Systems Ltd Q3 FY26 earnings conference call. (Operator Instructions)
I now hand the conference over to Miss Prachi Ambre from MUFG Intime Investor Relations thing. Thank you and over to you, ma'am.
Thank you, Anushka. On behalf of Titagarh Rail Systems Ltd, I extend a very warm welcome to all the participants on Q3 and 9 months FY26 financial results discussion call.
Today on the call, we have Mr. Umesh Chowdhary, Vice Chairman and Managing Director, Mr. Anil Agarwal, Deputy Managing Director, Mr. Prithish Chowdhary, Deputy Managing Director, and Mr. Saurav Singhania, Chief Financial Officer. To provide the operational and financial insights. 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, expectations, and opinions as of today. These uncertainties are not a guarantee of our
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