Shares of Transrail Lighting Ltd. rose on Tuesday after it won an order worth Rs 240 crore for construction of a transmission line in the international market.
The transmission and distribution segment order came on the last day of financial year 2025, according to the exchange filing on Tuesday. In the last fiscal, the company received order inflows of Rs 9,400 crore, which, according to Randeep Narang, managing director and chief executive officer, is more than double that in the previous year.
“We are pleased to add this latest Transmission Line EPC order to our growing order book, further substantiating our prominence in the T&D sector,” said Narang.
Last month, the company secured new orders worth Rs 1,647 crore in the power transmission and distribution, and railway sectors. The new orders included Letters of Award for major transmission and distribution projects in the overseas market involving engineering, procurement and construction of transmission lines and substations.
The company reported a 92% rise in net profit in the quarter ended December to Rs 93.2 crore from Rs 48.6 crore in the corresponding quarter of the last fiscal.
Revenue from operations rose 62% to Rs 1,357.6 crore, while earnings before interest, taxes, amortisation and depreciation also grew 80% to Rs 179.8 crore.
Transrail Lighting Share Price Rise
The scrip rose as much as 6.89% to Rs 494.40 apiece, the highest level since March 26. It pared gains to trade 5.09% higher at Rs 486.10 apiece, as of 1:27 p.m. This compares to a 1.54% advance in the NSE Nifty 50.
It has risen 12.31% since its listing. Total traded volume so far in the day stood at 1.5 times its 30-day average. The relative strength index was at 42.
One analyst tracking the company maintains a ‘buy’ rating, according to Bloomberg data. The average 12-month analysts’ consensus price target implies an upside of 54.4%.
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