Analysts/Institutional Investor Meet/Con. Call Updates

August 12, 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.: Transcript of Earnings Call on the Unaudited Financial Results for the Quarter Ended June 30, 2026 Ref.: Regulation 30 read with Schedule III of the 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, please find enclosed herewith the transcript of the earnings call held on Friday, August 7, 2026, to discuss the Unaudited Financial Results of the Company for the quarter ended June 30, 2026. You are requested to take the above information on record. 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 “Transrail Lighting Limited Q1 FY27 Earnings Conference Call” August 07, 2026 MANAGEMENT: MR. RANDEEP NARANG – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – TRANSRAIL LIGHTING LIMITED MR. DEEPAK KHANDELWAL – CHIEF FINANCIAL OFFICER – TRANSRAIL LIGHTING LIMITED MODERATOR: MR. VIKRAM SURYAVANSHI – PHILLIPCAPITAL Page 1 of 17 Transrail Lighting Limited August 07, 2026 Moderator: Ladies and gentlemen, good day and welcome to Transrail Lighting Limited Q1 FY27 Earnings Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star, then zero on your touchtone phone. Please note that this conference is being recorded. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. I now hand the conference over to Mr. Vikram Suryavanshi. Thank you and over to you, sir. Vikram Suryavanshi: Thank you, Atharva. Good afternoon and very warm welcome to everyone. On behalf of PhillipCapital, I am pleased to welcome you all on the earnings call of Transrail Lighting Limited. We have the management with us here today for question and answer session with the management. The management is represented by Mr. Randeep Narang, Managing Director and Chief Executive Officer, and Mr. Deepak Khandelwal, Chief Financial Officer. We'll begin with the opening comments... Randeep Narang: Thank you for joining us today for the Q1 -- for the year '27 earnings conference call. I am pleased to begin the year '27 with another quarter of resilient operational and financial performance, delivering year-on-year growth both in revenue and profitability. Despite continued geopolitical and economic uncertainties along with supply chain disruptions across certain markets, our disciplined execution, operational excellence, prudent financial management, and strong governance have enabled us to deliver steady growth while maintaining healthy profitability. During the quarter, our revenue from operations grew by 5% year-on-year to INR1,736 crores, while EBITDA stood at INR203 crores, resulting in a healthy EBITDA margin of 11.7%, which is more than the guidance of 11% given at the start of the year. Profit after tax increased 3% year-on-year to INR108 crores, reflecting continued focus on bottom line. While the operating environment continues to witness certain challenges, as we already know, fuel, gas, logistics, labor disruptions in certain markets, our diversified business model and execution skills, and strong focus on operational efficiencies provide us with confidence to navigate these headwinds effectively. Accordingly, we remain committed to deliver healthy and sustainable profitability and maintain our EBITDA guidance of around 11% plus. Beyond the financial performance, the quarter marked several important strategic milestonesNthat further strengthening our long-term growth platform. The milestones reflect our continued focus on strengthening execution capabilities, expanding our global footprint, and building a more diversified infrastructure platform. During the quarter, we commenced the commercial production of our eco-friendly tower manufacturing facility at Butibori, Nagpur. Page 2 of 17 Transrail Lighting Limited August 07, 2026 Together with our ongoing expansion across our tower and conductor plants, this significantly strengthens our manufacturing capabilities as well as to execute our robust order book and capitalize on future growth opportunities. This quarter also strengthened our position in the MENA region. Additionally, we entered Australian market for the first supply of monopoles. With this, our global footprint has now reached 6 continents. Further, we received a 500 kV HVDC order from a reputed developer in India. We also strengthened our diversified EPC platform through acquisition of Gactel turnkey projects, enhancing our capability on cooling tower EPC business. We see significant growth potential by rising investments in nuclear and thermal power generation along with rapid expansion of data centers. With this acquisition, we expanded our offering in NDCT towers to include IDCT tower solutions, enabling us to serve wider range of customer requirements. As of June 30th, 2026, our unexecuted order book was INR16,035 crores, including L1 orders of INR400 crores. So, principally, we have INR15,635 crores of orders in hand, which provides strong revenue visibility and reinforces confidence in our long-term growth trajectory. It is also noteworthy to note that we have quoted tenders worth more than INR20,000 crores, which will be declared in the coming quarter, that is Q2 and maybe part of Q3. This expected tender guidance pipeline gives us visibility to surpass the order intake plan as given in our guidance. In line with our commitment of delivering consistent value for our shareholders, the board has declared an interim dividend of INR3 per equity share for the year '27. This reflects our confidence in the company's financial strength, healthy cash generation, and long-term growth prospects. Subsequently to the quarter, the Board has also approved the grant of 1,89,000 stock options under Transrail Lighting Employee Stock Option Plan 2023, reaffirming our commitment to attracting and retaining and rewarding our personnel and talent. Another significant milestone during the quarter was an upgrade of our long-term credit facility India Rating AA- Stable from India Ratings. So, this upgrade now, the company has long-term credit facility of AA- both from CRISIL and India Ratings, covering limit approximately INR7,500 crores. This reflects the strengthening of our business fundamentals, margin-led growth, and cash conversion, and improving our balance sheet. Also, I must compliment the team, we were honored by ET Edge Best Organisations to Work for 2026 Award in recognition of our growth rate, training and development, industry reputation, workplace culture, and business ethics. In addition, we received the RoSPA Silver Award for transmission line projects in Africa, reaffirming our commitment to high standards of health, safety, and operational excellence. We firmly believe that our people and our safety culture remain the foundation of execution excellence and long-term success. Page 3 of 17 Transrail Lig [Showing first 8,000 characters — download PDF for full document]