Titagarh Rail Systems Limited announced its financial results for the second quarter of FY27, reporting revenue from operations of ₹772.81 crore. The company also highlighted a robust order book position of ₹28,695 crore, inclusive of JV shares. Key financial metrics show a significant increase in Passenger Rail Systems (PRS) revenue, reaching ₹300 crore, a 146% year-on-year growth. The company continues to see strong demand across its business segments.
Titagarh Rail Systems Q2 FY27 Financial Highlights
Titagarh Rail Systems Limited has released its financial results for the quarter and half-year ended September 30, 2026. The company reported revenue from operations of ₹772.81 crore for Q2 FY27. This figure represents a notable performance for the company in the current fiscal quarter.
Segment Performance and Order Book
The revenue breakdown shows the Freight Rail Segment contributing ₹472.63 crore (61.16%) and the Passenger Rail Segment contributing ₹300.18 crore (38.84%) to the total revenue in Q2 FY27. The company achieved its highest-ever quarterly PRS revenue of ₹300 crore, marking a 146% year-on-year growth and a 31% quarter-on-quarter increase. Metro car invoicing also saw substantial growth, with 51 metro cars invoiced in Q2 FY27, a 325% year-on-year increase.
The overall order book position remains strong, standing at ₹28,695 crore (total order book including JV share) and ₹15,369 crore (standalone, including WOS). The order book for Freight Rail Systems is ₹4,119 crore, and for Passenger Rail Systems, it is ₹10,801 crore.
Key Milestones and Strategic Updates
The quarter was marked by several strategic milestones, including the signing of a JV agreement with BHEL for the maintenance of 80 Vande Bharat sleeper trainsets for 35 years, and an MoU with Siemens to explore international metro rolling stock opportunities. Additionally, a new design centre was established in Lucknow, and the Vande Bharat sleeper prototype is on track for testing by Q4 FY27.
Standalone Financial Overview
On a standalone basis, revenue from operations for Q2 FY27 was ₹773 crore, with EBIT of ₹102.24 crore. Profit before tax stood at ₹99.6 crore, and profit after tax was ₹63.0 crore. The company’s balance sheet as of September 30, 2026, shows total assets of ₹4,322.76 crore and total equity and liabilities of ₹4,322.76 crore.
Consolidated Financial Overview
Consolidated revenue from operations for Q2 FY27 was ₹793 crore. The consolidated profit before tax was ₹82 crore, and profit after tax was ₹63 crore. The consolidated balance sheet as of September 30, 2026, indicates total assets of ₹4,345.40 crore and total equity and liabilities of ₹4,345.40 crore.
Source: BSE
