Transrail Lighting stock zooms 11% on solid earnings show, capex plan

The company's total order book stood at Rs 10,358 crore.

Shares of Transrail Lighting climbed as much as 11 percent in trade on January 16, a day after the company delivered solid earnings for the July-September quarter, marked by all round growth across key parameters.

At 10.45 am, shares of Transrail Lighting were trading at Rs 639.50 on the NSE.

The company's net profit grew 22 percent on year to Rs 58 crore for the quarter ended September 30, 2024. It reported Rs 47.5-crore net profit in the year-ago period. Revenue also rose 11.5 percent to Rs 1,068 crore in Q2FY25, up from Rs 957 crore in the same quarter last fiscal.

At the operating level, EBITDA margin expanded to 11.3 percent in the quarter gone by as compared to 10.2 percent in second quarter of the previous fiscal. The company reported an order intake of Rs 2,248 crore for the half year ended September 30, 2024, with a total order book of Rs 10,358 crore.

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The company released its Q2 results late, after its listing on the bourses last month. Shares of Transrail Lighting made a market debut in December, surging nearly 37 percent on the first day of trading.

Meanwhile, the company's board also greenlit a capital expenditure plan of Rs 326.6 crore to increase the manufacturing capacity of the existing plants, set up a new tower manufacturing facility and procure plant and machinery for construction." The board also approved fund raising through debt up to Rs 236.6 crore to fund the capex plan," Transrail said in a stock exchange filing.