Subject: Transrail Lighting Secures ₹459 Crore MENA Orders, Strengthening Global T&D Footprint

$TRANSRAILL Overview Transrail Lighting has successfully secured new international engineering, procurement, and construction (EPC) contracts valued at ₹459 crore. Concentrated primarily in the Middle East and North Africa (MENA) region, these transmission and distribution (T&D) projects significantly bolster the company’s overseas infrastructure portfolio and provide robust revenue visibility for upcoming quarters. Order Book and Pipeline Mechanics FY27 Inflows: This latest acquisition accelerates the company's FY27 total order inflows past the ₹1,000 crore mark, landing at ₹1,034 crore. It builds upon recent ₹575 crore wins that included a 500 kV HVDC transmission line, international product supplies, and specialized civil construction projects. Near-Term Visibility: Transrail currently maintains L1 (lowest bidder) status on additional projects worth approximately ₹400 crore, ensuring a steady near-term pipeline. Cumulative Backlog: The company entered FY27 with a formidable, unexecuted order book of ₹16,300 crore, ensuring strong forward momentum driven by sustained global demand for power infrastructure upgrades. Financial Context & Forward Guidance Management remains constructive on long-term growth. MD and CEO Randeep Narang emphasized that these contracts reflect strong global client confidence in Transrail’s execution capabilities. Management reiterated a targeted 20-22% revenue growth for FY27—following a 30% expansion in FY26—while actively focusing on defending profit margins amid geopolitical and energy market volatility. Crucially, this aggressive order accumulation serves as a strong counterweight to the company's softer Q4 FY26 performance. In the previous quarter, Transrail reported a 24% year-on-year decline in net profit to ₹96.5 crore and a 4.2% revenue contraction to ₹1,863 crore, accompanied by narrowed operating margins.