General Updates

11th November, 2026 National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, C-1, Block G, P. J. Towers, Bandra Kurla Complex Dalal Street, Bandra (E), Mumbai - 400051 Mumbai - 400001 Symbol - TEXRAIL Scrip Code - 533326 Subject: Earnings Presentation - Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 Dear Sirs, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of the earnings presentation for the quarter and half year ended 30th September, 2026 for your records. The said presentation is also uploaded on the website of the Company https://www.texmaco.in/investors-relation/shareholders-information/ This is for your information and record. Thanking you, Yours faithfully, For Texmaco Rail & Engineering Limited Sandeep Kumar Sultania Company Secretary & Compliance Officer (BSE: 533326 NSE: TEXRAIL) Earnings Presentation Q2 and H1 FY27 November 2026 Texmaco: Business Snapshot Freight Car Division (62%) Rail Infra & Others (38%) India Rs 538 Cr Infra – Rail & Indian Railways Export Markets Infra – Electrical Private Markets Q2 FY27 Green Energy Revenues Rs 240 Cr Rs 85 Cr Q2 FY27 Q2 FY27 26% 16% 58% 100% Revenues Revenues Freight Cars Steel Foundry Component Systems Rail Infra & Others Freight Cars for Indian Railways Integrated part of Freight Precision fabricated parts, and commodity specific special Cars providing railway machined systems and purpose Wagons castings solutions Product Strong Order Geographic Integrated Low Cost Technology Diversification Book Reach Manufacturing Operator Partnerships % of Freight Car volume % of Steel Foundry volume % of Components Systems Volume Standalone Q2 FY27 Financial Performance Rs. Cr Revenue from Operations EBITDA and Margin 10.9% 10.8% 10.2% 14.6% 8.7% 1,257 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 PBT and Margin PAT and Margin 7.6% 5.9% 5.9% 4.9% 6.9% 4.2% 15.9% (30.1)% 96 52 * Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Notes: Notes: 1. EBITDA includes Other Income and excludes exceptional expenses 1. *Q1 FY27 includes Deferred Tax liability reversal of Rs 20 Cr 2. All Margins are calculated on Revenue from Operations 2. Wagon Sales in Q2 is 1106 units Management Commentary (1/2) I am happy to inform that Texmaco Rail has delivered an improved performance for Q2 of FY 26-27 in comparison to Q1 26-27 Our financial trajectory this quarter reflects operational efficiency and market diversification : Top-Line Growth: Revenue from operations reached Rs 863 Crore, marking a strong 14.6% sequential growth from Rs 753 Crore in Q1. Profitability: Profit Before Tax (PBT) rose to Rs 51.2 Crore, up from Rs 44.1 Crore in the previous sequential quarter. Segment wise breakdown of revenue expansion in Q2 over Q1 26-27 is as follows: Freight Car: Up 3.8%. Railway Infrastructure: Up 41.7%. Infrastructure Electrical: Up 38%. In response to a reduction in Freight Car orders from Indian Railways, we have actively diversified our order book to capture higher-margin, resilient revenue streams: Indrajit Mookerjee Private & Export Markets: We expanded our outreach to private domestic customers and unlocked strategic export channels, targeting freight car demand in Africa and high-value rail components in the US. This shift has not only driven our current quarter’s growth but establishes a Executive Director and more diversified order book compared to this time last year. Vice Chairman To secure long-term value, we are aggressively expanding our technical capabilities and footprint across three massive growth pillars: Global Leasing Scale: Texmaco has strengthened its railcar leasing business, with the induction of Trinity Rail as a joint venture partner into its JV - Touax Texmaco Railcar Leasing. This partnership brings together global fleet management expertise and an established leasing platform which will build the foundation for the company to expand its railcar leasing business. Digital Rail Infra & Safety: We are exploring collaboration with Global partners for digitalisation and advanced train control systems, including the development of Kavach solutions for the Indian market. This moves Texmaco up the value chain, allowing us to command a much wider scope of work in large-scale infrastructure projects. Defence Capabilities Unlock: Texmaco also made progress in developing its defence business with Vagus Def Tech & Aerospace Fund acquiring a 30% equity stake in Texmaco Defence Technologies Ltd (TDTL). This will help TDTL to develop capabilities as a preferred supplier for multiple defence projects in India. The performance this quarter reinforces our core mission: strengthening Texmaco’s competitive positioning while unlocking sustainable new areas for growth. Standalone Financials Management Commentary (2/2) I am pleased to share an update on the Company's performance for the second quarter of FY27. Standalone Revenue from Operations stood at ₹863 crore, registering sequential growth of 14.6%. EBITDA margin remained resilient at 10.2%, notwithstanding elevated input costs. Importantly, after adjusting for non-recurring items in Q1 FY27, the current quarter recorded an improvement of 0.70 bps in EBITDA from core operating activities, reflecting an underlying improvement in operational performance. Despite a significant reduction in the Indian Railways order book compared with SPLY (Q2 FY26), our diversification strategy has begun delivering tangible results. The Freight Car business has witnessed a turnaround, with sequential revenue growth of 3.75% and an EBITDA margin growth 60 bps. This improvement is a result of focused cost rationalisation and a better product mix, which has helped mitigate inflationary pressures. Our Infra-Electrical business continued its growth momentum, recording a sequential revenue increase of 37.6%. Infra-Rail & Green Energy also delivered improved revenues and profitability, supported by disciplined project execution. Sudipta Mukherjee Our consolidated order book increased by 10.2% during the quarter to ₹10,940 crore as at September 30, 2026. More Managing Director recently, we secured an additional Freight Car order worth ₹412 crore from Indian Railways. The continued traction from private-sector customers, alongside orders from Indian Railways, reinforces the growing breadth of our customer franchise. On the institutional front, the Company received an upgraded CRISIL A+/Stable rating for its long-term bank facilities. Our ESG score also improved from 51 to 59, reflecting progress in our sustainability and governance initiatives. Looking ahead, we see significant opportunities across Freight cars, components, wheels and associated infrastructure. Our Infra-Electrical and Rail Projects businesses continue to strengthen their growth trajectories. Our strategic forays into Passenger Mobility and Defence have also made meaningful progress during the quarter, promising avenues for future growth. As we move forward, our focus remains on building a more diversified, resilient and competitive enterprise, with sustainable profitability, execution excellence and an expanding presence in higher-value businesses. We thank our shareholders, customers, employees and all stakeholders for their continued trust and confidence. Standalone Financials Q2 FY27 Division Performance Standalone Revenue from Operations by Division Consolidated Order Book as on 30.09.26 by Division 8.8% 27.9% 14.9% Rs. 10,940 Cr Rs. 863 Cr 8.4% 62.3% 67.9% 9.8% Freight Car Division Infra - Rail & Green Energy Freight Car Division Infra - Rail & Green Energy Infra - Electrical Infra - Electrical Other Subsidiaries and JVs New order added from 01.10.2026 to till 05.11.2026 Rs 349 Crs. with 1020 Wagons from IR, Rs. 337 Crs ACT I & III from APL Logistics & Jujhar Logistics and Rs. 25 Crs from Ultratech 6 Key Recent Order Wins Freig [Showing first 8,000 characters — download PDF for full document]