Transrail Lighting Limited shares remained under pressure on Wednesday, falling nearly 6% after the company reported weaker March quarter earnings despite delivering strong full-year growth and maintaining a healthy order book outlook.
The stock was trading at ₹489.25, down ₹29.85 or 5.75%, after hitting an intraday low of ₹480.80.
For Q4 FY26, revenue declined 4.2% year-on-year to ₹1,863 crore from ₹1,946 crore in the corresponding quarter last year. Net profit also fell 24.1% to ₹97 crore from ₹127 crore.
EBITDA for the quarter stood at ₹210 crore, down 11.1% from ₹236 crore a year ago, while EBITDA margin contracted by 80 basis points to 11.3% from 12.1%.
Despite the weak quarterly performance, the company reported strong annual growth metrics for FY26. Revenue reached ₹6,880 crore, registering growth of 30% year-on-year, while EBITDA rose 21% to ₹820 crore.
Operational PAT increased 28% to ₹421 crore, reflecting strong execution during the year.
The company also maintained a strong business outlook with its unexecuted order book standing at ₹16,361 crore, up 12% year-on-year. Operating cash flow more than doubled during the year to ₹817 crore.
Transrail also approved a capex plan worth ₹203 crore to support future growth and expansion initiatives, including a new greenfield manufacturing facility at Butiburi.
Management highlighted that strong execution in the power transmission and distribution segment continued to support growth. The company currently operates across 63 countries and employs more than 2,700 people globally while maintaining a diversified project portfolio.
While strong annual numbers and order book visibility provide medium-term support, investors appeared focused on the softer quarterly performance and margin pressure.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice.