Investor Presentation

November 3, 2026 To To Sr. General Manager Sr. General Manager Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street Bandra Kurla Complex Mumbai - 400001 Bandra (E), Mumbai - 400 051 Scrip Code: 544317 Scrip Symbol: TRANSRAILL Sub: Presentation on the Earnings Call for Unaudited Financial Results for the quarter and half year ended September 30, 2026 Ref: Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (‘Listing Regulations’), please find enclosed herewith the presentation for the Earnings Call which is scheduled on Wednesday, November 4, 2026, for Unaudited Financial Results for quarter and half year ended September 30, 2026. You are requested to take the aforementioned on your records. For Transrail Lighting Limited Monica Gandhi Company Secretary and Compliance Officer Encl: As above TRANSRAIL LIGHTING LIMITED Corporate & Registered Office: 501 A, B, C, E, Fortune 2000, Block-G, Bandra Kurla Complex, Bandra East, Mumbai - 400051, Maharashtra, India Tel: +91 22 61979600 | Web: www.transrail.in | CIN: L31506MH2008PLC179012 Investor Presentation Q2 & H1 FY 2027 Building scale. Creating value. Expanding globally. Bangladesh River Crossing 400kV TL Tower height of over 120 MTR, Weight of 250 MT and Pile depth of 113 MTR Disclaimer This presentation has been prepared by Transrail Lighting Limited (the "Company") for general information purposes only. It does not constitute an offer, invitation or solicitation to subscribe for, purchase or deal in any securities of the Company in any jurisdiction, and no part of it shall form the basis of any contract or investment decision. This presentation may contain forward-looking statements concerning strategy, business development, market position, expenditure and financial results. Such statements are based on assumptions and expectations of future events that are subject to risks and uncertainties; actual results may differ materially. The Company undertakes no obligation to update forward- looking statements. Industry and market data are drawn from government publications and third- party research (sources cited on each slide). The Company has not independently verified such data and makes no representation as to its accuracy. Market size estimates are indicative of the opportunity landscape and are not forecasts of the Company's revenue. Financial figures are consolidated, in Rs.crore, unless otherwise stated. Previous period figures have been regrouped or restated wherever necessary. Raigarh-Pugalur 800 kV HVDC Line India’s Energy Transition is Creating a Multi-Decadal T&D Opportunity T&D opportunity Planned expenditure of Renewable Energy Rising Power Demand Rs. 9.15 lakh crore Integration under the National Electricity Plan (NEP) including Growing urbanization, This increased generation has the Rs. 1.37 lakh crore of intra state lines under GEC industrialization and biggest share of renewable III is bringing massive EPC opportunity in the T&D electrification is leading energy which requires new space for an integrated player like TRANSRAIL to rising energy demand and more robust Grid UHV Lines in India Installed generation Renewable Generation June 2026 to FY32E FY26 to FY32E FY26 to FY32E +58% +100% 552.9 GW 874.0 GW 308 GW 615 GW +26% 512,621 CKM 648,000 CKM Sources: PIB Press Release , NEP Connecting the Grid: Transrail’s Integrated Energy Solutions Generation Transmission Substation Distribution End Users ▪ Proposed ▪ Construction of ▪ Rural and urban ▪ Industrial ▪ AIS/ GIS EPC upto investment in Transmission Lines electrification ▪ Commercial 990 MW Solar (66 kV – 1200 kV) 400kv ▪ Underground ▪ Residential Portfolio including HVDC lines cabling ▪ Substations structures ▪ Infrastructure ▪ Manufacturing of ▪ Distribution Pole ▪ Utilities Towers, Conductors & Manufacturing Monopoles Integrated Energy solutions EPC execution Design & In-house engineering manufacturing Supply of engineered products Transrail: At a Glance Proven Scale of Backed by Track Record Execution* Strong Financial Position CAGR (FY22-FY26) 2,37,700+ km Revenue EBITDA PAT ` Largest Power Services Company Conductors Supplied in India1 +31% +41% +59% 64 1.6 Mn MT Countries Footprint Towers Supplied As on 30th Sept 26 ROCE Current Ratio Debt:Equity 42 25.1% 1.32x 0.31x 37,675 CKM Years of Execution HV Lines constructed Experience 400 kV D/C Kurawar-AshtaTransmission Line An integrated Energy Solution company building, connecting and enabling a sustainable energy future 1 As per Fortune 500 Magazine * This represents data from inception Proven Track Record of Delivering on Commitments Post Listing Revenue & Order book EBITDA & PAT Guidance since listing v/s performance Guidance v/s Performance Year Guidance Achieved Revenue (Rs. Cr) EBITDA (Rs. Cr) 6,880 Revenue Growth 5,308 1000 820 4,077 800 3,152 478 FY25 30% 30% 2,350 600 400 206 FY26 25% 30% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY27E 20-22% On Track H1 FY27 Order book (Rs. Cr) PAT (Rs. Cr) * EBITDA Margin (%) 421* 16,313 14,551 327 9,619 10,100 233 FY25 12-12.5% 12.7% 5,908 FY26 11.5-12.0% 11.9% FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY27E 11% 11.6% On Track H1 FY27 *PAT excludes provision made of Rs.17 Cr in Q3 FY26 towards new labourcode Growth Journey Post Listing LISTING CAPEX EXECUTION WINS AWARDS Awarded with Most Admired Emerging Company in Power Sector by ET Now Tower Capacity Dec’24 : Listing in Indian Completed Seven 765 kV 800 kV HVDC lot more than doubled stock exchanges with transmission line in Khavda Nagpur Project to 184,400 MTPA 80x over subscription projects and many more Entry into Australia & USA with supply of products Multiple Rating upgrades PGCIL Award for best execution From: A to AA- (LT) From: A1 to A1+ (ST) Deoli Tower plant awarded Conductor manufacturing 'A Grade' by Commissioned 199-Mtr Supply of OHE Mast and capacity increased by 70% POWERGRID High Cooling Towers Cross Arms for Bullet Train to 40,500 KMPA Best Org. to work for 2026 project Key milestones from our listing to scale-up across projects, capabilities and market recognition 765kV Koppal-Narendra Transmission line Q2 & H1 FY27 Performance 765kV Khetri-Narela Transmission line Q2 & H1 FY27 Financial Performance Achieved highest ever quarterly Revenue of Rs. 2,056 Cr Revenue EBITDA & Margin (%) PAT & Margin (%) Figures in Rs. Cr 11.9% 11.6% 5.9% 5.0% 32% YoY 28% YoY 12% YoY 2,056 1,561 2 238 186 104 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 12.0% 11.6% 6.1% 5.5% 18% YoY 14% YoY 7% YoY 3,792 2 441 Y 212 1 3,221 386 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 EBITDA Margin % PAT Margin % Q2 & H1 FY27 Operational Highlights Execution Milestone Order Book & Inflows Strategic Expansion Capacity Enhancement Awards & Recognition • 775 CKM Transmission • Order Intake for H1 FY27 GACTEL acquisition • Tower capacity expanded to • ET Edge “Best Lines constructed during stood at Rs.1,638 Cr 184,400 MTPA Organisations to Work” Integration underway, H1FY27 2026 focusing on operational • Additionally, received new • Conductor capacity synergies and value chain • Completed 400kV river- order worth Rs.1,747 Cr in increased 70% to • RoSPA Silver Award for consolidation crossing Transmission line Oct-26 40,800 KMPA health and safety on our project in Bangladesh Cameroon TL project • New orders worth Rs.777 Cr • Completed Nepal’s 400kV added for multiple cross-border transmission reconductoring projects line using HTLS conductors Ahmedabad-Lakadia 765 kV Transmission Line • Completed Supply of our • Conductor supply order 1st Transmission Monopole received from USA to Australia • Order win acro [Showing first 8,000 characters — download PDF for full document]