Titagarh Q4 2026 Results: Shares Fall 2% Despite Return to Profit in March
Titagarh Rail Systems reported a consolidated net profit of ₹54 crore in Q4 FY26 against a loss last year. Revenue declined 13% YoY, while the board recommended a final dividend of ₹1 per share for FY26.
Quick Summary
Titagarh Q4 Results 2026: Titagarh Rail Systems reported consolidated revenue from operations of ₹875.43 crore in Q4 FY26, down 12.95% YoY but up 5.21% QoQ. Profit after tax stood at ₹51.56 crore, while the board recommended a dividend of ₹1 per share for FY26.
Titagarh Q4 2026 Results: Titagarh reported mixed growth in revenue and profit for the March quarter. Reported a consolidated net profit of ₹54 crore for the quarter ended March 2026, compared with a net loss of ₹123 crore in the same quarter last year.
Following the earnings announcement on 31 May, as of 10.43 AM, the stock is trading 2.44% lower on Monday, 1 June, as investors reacted to the results.
As of 1 June, 10.43 AM
Over the past one month, Titagarh share price has gained nearly 5%. However, the stock remains down around 9% on a year-to-date (YTD) basis.
Now, let's look at the company's Q4 earnings.
Titagarh Q4 Results 2026 Highlights
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Titagarh Rail Systems reported consolidated revenue from operations of ₹875.43 crore for the quarter ended 31 March 2026, compared with ₹1,005.57 crore in the same quarter last year. Revenue increased from ₹832.06 crore reported in Q3 FY26. The company recorded a 12.95% year-on-year decline in revenue, while quarterly growth stood at 5.21%.
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Total income came in at ₹887.00 crore during the quarter against ₹1,035.43 crore a year ago and ₹842.84 crore in the preceding quarter. This represents a decline of 14.33% YoY and an increase of 5.24% QoQ.
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EBITDA for Q4 FY26 came at ₹97.23 crore compared to ₹101.72 crore in Q4 FY25 and ₹92.04 crore in Q3 FY26. EBITDA declined 4.41% year-on-year but rose 5.64% quarter-on-quarter.
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EBITDA margin improved to 11.11% from 10.12% in Q4 FY25 and was stable against 11.06% in Q3 FY26.
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Consolidated profit after tax stood at ₹53.50crore, up from ₹45.28 crore in Q3 FY26
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The board recommended a final dividend of ₹1 per equity share for FY26. The dividend is subject to approval by shareholders at the forthcoming AGM.
|
Metric |
Q4 FY26 |
Q3 FY26 |
QoQ % |
Q4 FY25 |
YoY % |
|
Revenue from Ops (₹ Cr) |
875.43 |
832.06 |
5.21% |
1,005.57 |
-12.95% |
|
Total Income (₹ Cr) |
887.00 |
842.84 |
5.24% |
1,035.43 |
-14.33% |
|
EBITDA (₹ Cr) |
97.23 |
92.04 |
5.64% |
101.72 |
-4.41% |
|
EBITDA Margin (%) |
11.11% |
11.06% |
5 bps |
10.12% |
99 bps |
|
PAT (₹ Cr) |
53.50 |
45.28 |
18.15% |
(123.86) |
Turnaround |
|
EPS – Diluted (₹) |
3.83 |
3.36 |
18.15% |
(9.19) |
Turnaround |
Source: NSE filing, Titagarh Rail Systems FY26 Consolidated Annual Results.
Titagarh Segment Performance
Passenger Rail Systems was the key growth driver for Titagarh Rail Systems in Q4 FY26, with revenue nearly doubling year-on-year to ₹173.33 crore.
|
Segment |
Q4 FY26 (₹ Cr) |
Q4 FY25 (₹ Cr) |
YoY % |
|
Freight Rail Systems |
685.21 |
910.06 |
–24.70% |
|
Passenger Rail Systems |
173.33 |
90.31 |
+91.93% |
|
Shipbuilding |
16.89 |
5.20 |
+224.81% |
|
Total Revenue from Operations |
875.43 |
1,005.57 |
–12.94% |
Source: NSE filing, Titagarh Rail Systems FY26 Consolidated Annual Results.
Titagarh Full-Year Performance Remained Strong
Despite lower quarterly revenue, Titagarh Rail Systems closed FY26 with positive earnings and stronger cash generation. Operating cash flow turned positive during the year, while the company maintained a healthy balance sheet despite the impact of provisions linked to its Italian operations.
|
Metric |
FY26 |
FY25 |
YoY Change |
|
Revenue from Ops (₹ Cr) |
3,185.82 |
3,867.75 |
-17.63% |
|
Total Income (₹ Cr) |
3,234.26 |
3,943.10 |
-17.98% |
|
PAT (₹ Cr) |
122.82 |
86.61 |
+41.81% |
|
Operating Cash Flow (₹ Cr) |
322.43 |
(97.40) |
Turnaround |
|
EPS – Diluted (₹) |
9.11 |
6.42 |
+41.84% |
Source: NSE filing, Titagarh Rail Systems FY26 Consolidated Annual Results.