TRANSRAILLNSE10 February 2025

Transrail Lighting Limited has informed the Exchange about Investor Presentation

Transrail Lighting Limited

10th February, 2025

To Sr. General Manager Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400001

To Sr. General Manager Listing Department National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra Kurla Complex Bandra (E), Mumbai - 400 051

Scrip Code: 544317

Scrip Symbol: TRANSRAILL

Sub: Presentation on the Earnings Call for Un-audited Financial Results for quarter and nine months ended 31st December, 2024

Ref: Regulation 30 read with Scheule III of SEBI LODR

Dear Sir/Madam,

Pursuant to Regulation 30 read with Scheule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (‘Listing Regulation’), please find enclosed presentation for the Earnings Call which is scheduled on Tuesday, 11th February, 2025, on Un-audited Financial Results along with the Limited Review Report for quarter and nine months ended 31st December, 2024.

You are requested to take the aforementioned on your records.

For Transrail Lighting Limited

Gandhali Upadhye 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: U31506MH2008PLC179012

TRANSRAIL LIGHTING LTD EARNINGS PRESENTATION Q3 & 9MFY25

DISCLAIMER

This presentation is for information purposes only and does not constitute or form part of any offer, solicitation, recommendation, or invitation to sell or purchase any securities of Transrail Lighting Limited (the "Company"). This document does not purport to contain all the information necessary to evaluate the Company and should not be relied upon for making investment or other decisions. Any person intending to invest in the securities or business of the Company should conduct their own independent investigations, seek professional advice, and base their decisions on the final offering documents filed with the appropriate regulatory authorities.

The information provided in this presentation has not been independently verified and is subject to change without notice. Neither the Company, its directors, employees, advisors, nor any of its affiliates assume responsibility for the accuracy, completeness, or reliability of the information or opinions contained herein.

This presentation may include forward-looking statements that reflect the Company's current expectations, assumptions, and projections about future events. These statements may include, but are not limited to, expectations regarding growth strategy, business development, market position, expenditures, and financial performance .Forward- looking statements involve inherent risks, uncertainties, and other factors, both known and unknown, that may cause actual results, performance, or achievements to differ materially from those expressed or implied in such statements. The Company does not guarantee the accuracy, completeness, or realization of these assumptions and expectations. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. The information contained in this document is current as of the date stated and will not be updated to reflect subsequent events or developments. The Company undertakes no obligation to revise or update forward-looking statements. Reliance on this presentation for any purpose is at your own risk.

This document is strictly confidential and is intended solely for the recipient's personal use. Unauthorized distribution, reproduction, or dissemination of its contents is strictly prohibited and may constitute a violation of applicable securities laws. By attending or receiving this presentation, you agree to be bound by the foregoing limitations and conditions.

Corporate Overview

Transrail at a Glance

record of

Track comprehensive solutions on a turnkey basis

four decades

providing

One of the leading Indian engineering, procurement and construction (“EPC”) companies with primary focus on power transmission and distribution business and lattice integrated manufacturing facilities for structures, conductors & monopoles

Four integrated manufacturing facilities including one tower testing facility, across India. Transrail has steadily invested integration by adding manufacturing units for towers, conductors and poles supporting stronger operating margins

into backward

Comprehensive range of service offerings in the EPC space for a diversified portfolio of businesses like power transmission and distribution including substation projects, specialized civil projects, poles and lighting, and railway projects

Constructed 34,700+ CKM transmission lines, including more than 22,900+ CKM of transmission lines which are above 220 kV and 30,000+ CKM distribution lines and supplied more than 1.32 MMT^ of towers, 195,000+ KM of conductors and more than 4,72,645 poles

Strong and diversified orderbook of INR 11,499.29 Cr* (additional L1 of ₹ 4,144 cr.) with healthy balance of international and domestic clients.

Strong and Consistent Financial Performance

Revenue mix (%)

3,152

2,350

4,077

(In INR Cr)

3,362

206

294

108

478

233

438

200

FY22

FY23

FY24

9MFY25

62%

38%

FY22

47%

53%

FY23

41%

59%

46%

54%

FY24

9MFY25

Revenue

EBITDA

PAT

International

Domestic

Global Presence

58 Countries

Ongoing Completed

At Transrail Lighting Limited, we have expanded our presence and reach across the lengths and breadths of the globe.

We have emerged as a global player with a footprint in 58 Countries across the world. On the domestic front, we are pan-India Company, having executed projects in all corners of India.

Board of Directors

Digambar Bagde Executive Chairman

Randeep Narang Managing Director & CEO

Sanjay Kumar Verma Non-Executive Director

•

A well-known name in the EPC industry with more than 4 decades of leadership experience.

• He has over 36 years of experience in various leadership roles across diversified

• He holds a Diploma of master in computer systems and networks from

Industries including manufacturing, marketing and EPC.

Khaikov State Polytechnical University, Ukraine

Started Transrail in 1984 and remains at the helm of affairs throughout its journey.

•

Previously, held leadership positions with Bharti Airtel Limited, CEAT Kilani Holdings and KEC International Limited.

• He has several years of experience in business administration and

consulting, commodity trading and specialized technology.

Shrikant Chaturvedi Non-Executive Director

Vita Jalaj Dani Additional Non-Executive Director

Vinod Dasari Independent Director

•

A practicing Chartered Accountant with over 42 years of experience.

• He has advised many large corporates on accounting, Finance and

Banking.

•

She holds a bachelor degree in arts from St. Xavier’s College, Mumbai University

• With a vast leadership experience, she currently is associated with inter alia Asian Paints Limited, Chennaiyin F.C. Sports Private Limited, and Hitech Corporation Limited

• He holds a master degree in engineering management from Robert R. McCormick School of Engineering and Applied Science, North-western University, U.S.A.

•

Previously he has held vital roles as CEO of Royal Enfield Motors Limited, MD of Ashok Leyland Limited and Jt. MD of Cummins India Limited.

Ashish Gupta Independent Director

Ravita Nirmal Punwani Independent Director

Ranjit Jatar Independent Director

Maj. Gen. Dr. Dilawar Singh (Retd.) Independent Director

• He has over 30 years of experience

operations

•

Previously, he held Managerial posts at GECPL, Vensar Construction Company Limited and Hindustan Construction Company Limited.

•

She has several years of experience, with a corporate exposure of ten years in microbiology and public relations

Previously, she was associated with ATV Projects India Limited, Britannia Industries Limited and Hotel Corporation of India Limited.

•

A Chartered accountant, he holds a bachelor degree in commerce from SRCC University of Delhi.

Previously, he held managerial positions with Eicher Motors Limited and Pepsi Co India Holdings Private Limited

•

An Army Veteran. He holds a doctorate in philosophy from G.H. Patel Institute, Sardar Patel University, Gujarat

Previously, he was associated with Ministry of Youth Affairs & Sports in his capacity as Director General, Nehru Yuva Kendra Sangathan

Leadership Team

Digambar Bagde, Executive Chairman

Randeep Narang, Managing Director & CEO

Ajit Pratap Singh, Chief Financial Officer

Raman Rajagopalan, COO International Business & Chief of Supply Chain

D Suryanarayana, COO – Domestic Business

Rajesh Neelakantan, COO – Civil Division

Ashok Rawat Sr. VP - Pole and Lightning Business

Chandrakant Majgaonkar President - Engineering

Gandhali Upadhye GM Legal, CS & Compliance Officer

Major Sukriti Shukla (Retd) Chief Human Resources Officer

Key Milestone Listing on NSE and BSE

Glimpse of the listing ceremony of Transrail Lighting on NSE

KEY FINANCIAL HIGHLIGHTS

Q3 & 9MFY25

Q3 & 9MFY25 Consolidated Key Financial Highlights

REVENUE from Operations (₹ cr.)

EBITDA (₹ cr.) and EBITDA Margins (%)

PAT (₹ cr.) and PAT Margins (%)

62.13% YoY

24.73% QoQ

1,357.56

1,088.40

837.31

Q3FY24

Q2FY25

Q3FY25

25.25% YoY

3,361.74

2,684.11

9MFY24

9MFY25

y l r e t r a u Q

h t n o M e n N

79.97% YoY

29.74% QoQ

179.81

138.58

12.73%

13.24%

99.91

11.93%

Q3FY24

Q2FY25

Q3FY25

41.96% YoY

438.48

13.04%

308.89

11.51%

200

180

160

140

120

100

500

450

400

350

300

250

200

150

100

80.00%

70.00%

60.00%

50.00%

40.00%

30.00%

20.00%

10.00%

0.00%

30.00%

25.00%

20.00%

15.00%

10.00%

5.00%

0.00%

100

0102030405060708090100110120130140150160170180190200210220

91.89% YoY

69.19% QoQ

48.59

5.70%

55.11

5.03%

93.24

6.82%

Q3FY24

Q2FY25

Q3FY25

49.90% YoY

200.08

5.90%

133.48

4.92%

9MFY24

9MFY25

9MFY24

9MFY25

25.00%

20.00%

15.00%

10.00%

5.00%

0.00%

20.00%

18.00%

16.00%

14.00%

12.00%

10.00%

8.00%

6.00%

4.00%

2.00%

0.00%

Business and Other Achievements

Business Achievements:

❖ Awarded a package as part of the 800kV HVDC KPS2 – Nagpur Transmission Line. ❖ Secured first Solar EPC order in international market for an 80MW DC ground-mounted Solar PV Project, including

an associated substation, in Q3FY25.

❖ Received EPC contract 400kV DC Transmission Line in Nepal. ❖ Received orders for supply of Railway Mast and Metal Fencing for India’s first bullet train project. ❖ Successfully commissioned one of the highest Natural Draft Cooling Tower NDCT in India (199 meters at Yadadri,

Telangana).

❖ Successfully commissioned 400kV AIS Bay Extension and 220kV GIS Bays at PGCIL Banka Substation. ❖ Received upgrade from CRISIL for our ratings on the long-term bank facilities to ‘CRISIL A+/Stable’.

Other Achievements:

❖ Received Special Appreciation Awards from PGCIL for our role in commissioning two Double Circuit Transmission

Line projects of 400 kV and 765 kV

❖ Won the Maharashtra Safety Award 2023 for “Lowest Accident Frequency Rate” & “Longest Accident-Free

Period” in the Heavy Engineering Group, presented by the National Safety Council – Maharashtra Chapter.

Results Summary Q3 & 9MFY25 - Standalone

Particulars in INR cr.

Q3FY25

Q2FY25

% Change QoQ

Q3FY24

% Change YoY

9MFY25

9MFY24

% Change YoY

Revenue from Operations

1,357.45

1,088.40

24.72%

837.32

62.12%

3,361.63

2,684.11

25.24%

EBITDA

EBITDA margin (%)

Less: Depreciation & Amortisation

Add: Other Income

Less: Interest Expenses

PBT

PBT margin (%)

Taxes

Profit After Tax

Profit After Tax margin (%)

EPS

183.40

140.61

30.44%

98.39

86.40%

446.79

297.50

50.18%

13.51%

12.92%

11.75%

13.29%

11.08%

14.12

9.87

48.58

130.57

9.55%

33.00

97.57

7.14%

7.83

13.34

8.20

46.17

89.29

8.14%

31.57

57.72

5.26%

4.65

5.84%

12.18

15.91%

40.10

20.46%

14.79

-33.26%

31.98

37.59

29.96

6.68%

6.74%

5.22%

42.21

15.10%

138.63

121.61

13.99%

46.24%

58.79

122.10%

300.04

168.26

78.32%

6.90%

8.84%

6.20%

4.53%

11.97

175.77%

90.32

45.15

100.05%

69.05%

46.82

108.38%

209.72

123.11

70.35%

5.50%

3.99

6.18%

4.54%

16.83

10.48

Results Summary Q3 & 9MFY25 - Consolidated

Particulars in INR cr.

Q3FY25

Q2FY25

% Change QoQ

Q3FY24

% Change YoY

9MFY25

9MFY24

% Change YoY

Revenue from Operations

1,357.56

1,088.40

24.73%

837.31

62.13%

3,361.74

2,684.11

25.25%

EBITDA

EBITDA margin (%)

Less: Depreciation & Amortisation

Add: Other Income

Less: Interest Expenses

Profit Before Tax

PBT margin (%)

Taxes

Profit After Tax

Profit After Tax margin (%)

EPS

179.80

13.24%

14.19

9.21

48.59

126.24

9.24%

33.00

93.24

6.82%

7.48

138.58

29.74%

99.91

79.97%

438.48

308.89

41.96%

12.73%

11.93%

13.04%

11.51%

13.40

7.66

46.17

86.68

7.91%

31.57

55.11

5.03%

4.44

5.95%

12.23

16.06%

40.26

37.71

6.75%

20.23%

5.22%

15.09

42.21

38.95%

30.80

29.06

5.98%

15.11%

138.63

121.61

13.99%

45.64%

60.56

108.45%

290.40

178.63

62.57%

7.10%

8.56%

6.58%

4.53%

11.97

175.77%

90.32

45.15

100.05%

69.19%

48.59

91.87%

200.08

133.48

49.90%

5.70%

4.26

5.90%

4.92%

16.05

11.37

9MFY25 Order Inflow and Un-executed Orderbook

Order Inflow

Un-executed Order Book

4.97% 4.97%

2.47%

₹ 4,715 cr. YTD (Growth of 50%)

Domestic - 68% International - 32%

Domestic - 49% International - 51%

2.44%

1.53%

5.51%

₹ 11,499 cr. as on Dec’24

87.58%

90.52%

Power T&D (Incl Substation)

Civil

Railway

Pole & Lighting

Power T&D (Incl Substation)

Civil

Railways

Pole & Lighting

Un-executed Orderbook + L1 of ₹15,643 crores as on 31st December, 2024

Strong and Consistent Financial Performance

Revenue from Operations(1)

EBITDA(2)

Profit After Tax

3,152

2,350

4,077

3,362

8.75%

9.32%

206

294

11.71%

13.04%

478

438

14. 00%

12. 00%

10. 00%

8.0 0%

6.0 0%

4.0 0%

2.0 0%

0.0 0%

400 .00

350 .00

300 .00

250 .00

200 .00

150 .00

100 .00

50. 00

0.0 0

2.75%

3.39%

108

5.65%

233

5.90%

200

FY22

FY23

FY24

9MFY25

FY22

FY23

FY24

9MFY25

FY22

FY23

FY24

9MFY25

EBITDA

EBITDA Margin %

PAT

PAT Margin %

^Return on Capital Employed(3)

Working capital days

^Net Debt & Net Debt to EBITDA (4)

24.33%

18.27%

16.11%

96*

14.94%

FY22

FY23

FY24

9MFY25

800 .00

700 .00

600 .00

500 .00

400 .00

300 .00

200 .00

100 .00

0.0 0

2.00

1.63

1.12

1.56

412

480

533

683

FY22

FY23

FY24

9MFY25

FY22

FY23

FY24

9MFY25

Net Debt

Net Debt to EBITDA

(1)Includes other operating revenue ^ Ratios not Annualized *Includes IPO Funds INR 393 cr. (2)EBITDA: Profit for the year plus tax expenses plus finance cost plus depreciation and amortization expense less other income (3)Return on Capital Employed: Earning before interest and tax/ Capital Employed (4) Net Debt is excluding IPO Funds of INR 393 cr.

7.0 0%

6.0 0%

5.0 0%

4.0 0%

3.0 0%

2.0 0%

1.0 0%

0.0 0%

3.0

1.0

-1.0

-3.0

-5.0

-7.0

-9.0

-11.0

Borrowing, Working Capital & Credit rating

Particulars

31-12-2024 31-12-2023 Inc/(Dec)

30-09-2024

Inc/(Dec)

31-03-2024 Inc/(Dec)

s g n w o r r o B

LT Borrowings

ST Borrowings*

43.69

91.63

-47.94

699.02

554.22

144.8

Less: Cash and cash equivalents

59.8

78.39

-18.62

Net Debt (ex-IPO Funds)

682.94

567.46

115.48

Less:

IPO Funds

393.0

0.00

393.00

Net Debt with IPO Funds

289.94

567.46

-277.52

*- Including Current maturity of long-term borrowing

Credit Ratings

63.65

620.32

57.10

626.87

17.02

609.85

-19.96

78.7

2.67

56.07

375.98

-317.24

80.67

-36.98

562.52

109.85

533.34

0.00

136.50

-50.08

149.60

393.00

533.34

-293.48

CRISIL A+/Stable Long Term Credit Rating**

IND A+/ Stable Long Term Credit Rating

CRISIL A1 Short Term Credit Rating**

IND A1+ Short Term Credit Rating

Key Milestone Glimpse of our Projects

Tower erection work

India’s 2nd Largest Cooling Tower (Yadadri) – 199 mtr

India's longest river bridge at Bihar Kosi - 10.2 km

Bangladesh – River crossing Project

Lighting - Mumbai Trans Harbour Link

Railway Electrification

Key Milestone Glimpse of our Plants

Tower Factory - Deoli

Conductor Factory - Silvassa

Pole Factory - Silvassa

Tower Factory - Vadodara

Our CSR Highlights

We firmly believe in giving back to society and we are actively contributing to the well-being of the communities we serve through two flagship programs of a CSR initiative called “Transrail Aarogya” and “Transrail Saksharta”.

• 2359 cataract surgeries • 4800 Eye screening • 77 Cancer treatments • 3918 general medical treatment • Initiation of free eye care screening in Jharkhand

• 226 Specially abled children &

adults supported

• Awarded with “PM SHRI School award” and “Model school award”

• Skill education classes are

ongoing on Retail & BPO and BFSI

• Supportive classes for students • Distribution on educational

Material in 20 Govt rural schools at Deoli

Thank You

Corporate & Registered Office: Transrail Lighting Limited 501 A,B, C, E Fortune 2000, Bandra Kurla Complex, Bandra East, Mumbai – 400051, India

Investor Relations: Chintan Sudhir Kotak Email: investor.relations@transraillighting.com Website: www.transrail.in

Transrail Lighting Limited has informed the Exchange about Investor Presentation

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