Operating profit margin has declined from 12.86% to 12.13%, leading to 31.79% rise in operating profit to Rs 236.04 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 50.25% to 47.66%.   Employee cost decreased from 4.16% to 3.76%.   Other expenses rose from 32.31% to 36.25%.   Expenses from contract rose from 16.71% to 19.82%.   

Other income fell 39.98% to Rs 14.65 crore.  PBIDT rose 23.18% to Rs 250.69 crore.  Provision for interest rose 44.24% to Rs 59.11 crore.   PBDT rose 17.87% to Rs 191.58 crore.  Provision for depreciation rose 28.73% to Rs 16.22 crore.  Fixed assets increased to Rs 437.23 crore as of 31 March 2025 from Rs 379.62 crore as of 31 March 2024.  Profit before tax grew 16.96% to Rs 175.36 crore.  Provision for tax was expense of Rs 50.18 crore, compared to Rs 39.77 crore.  Effective tax rate was 28.39% compared to 28.51%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 26.93% to Rs 126.57 crore.  

 

Full year results analysis.

Net sales (including other operating income) of Transrail Lighting has increased 30.20% to Rs 5307.75 crore.  Sales of In India segment has gone up 31.93% to Rs 2,192.50 crore (accounting for 42.06% of total sales).  Sales of Outside India segment has gone up 28.65% to Rs 3,019.74 crore (accounting for 57.94% of total sales).  Operating profit margin has jumped from 11.66% to 12.69%, leading to 41.69% rise in operating profit to Rs 673.36 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 54.58% to 48.84%.   Employee cost increased from 4.83% to 4.84%.   Other expenses rose from 29.04% to 33.75%.   Expenses from contract rose from 12.15% to 16.84%.   

Other income fell 15.01% to Rs 45.45 crore.  PBIDT rose 35.95% to Rs 718.81 crore.  Provision for interest rose 21.62% to Rs 197.74 crore.  Loan funds declined from Rs 667.35 crore as of 31 March 2024 to Rs 660.59 crore as of 31 March 2025.  Inventories rose to Rs 539.03 crore as of 31 March 2025 from Rs 378.26 crore as of 31 March 2024.  Sundry debtors were higher at Rs 1,317.14 crore as of 31 March 2025 compared to Rs 1,026.14 crore as of 31 March 2024.  Cash and bank balance rose to Rs 620.92 crore as of 31 March 2025 from Rs 223.90 crore as of 31 March 2024.  Investments declined from Rs 4.90 crore as of 31 March 2024 to Rs 0.50 crore as of 31 March 2025.  

PBDT rose 42.32% to Rs 521.07 crore.  Provision for depreciation rose 12.26% to Rs 56.48 crore.  Fixed assets increased to Rs 437.23 crore as of 31 March 2025 from Rs 379.62 crore as of 31 March 2024.  

Profit before tax grew 47.11% to Rs 464.59 crore.  Share of profit/loss was 10.43% higher at Rs 2.54 crore.  Provision for tax was expense of Rs 140.5 crore, compared to Rs 84.92 crore.  Effective tax rate was 30.08% compared to 26.69%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 40.06% to Rs 326.63 crore.  

Equity capital increased from Rs 24.79 crore as of 31 March 2024 to Rs 26.85 crore as of 31 March 2025.  Per share face Value remained same at Rs 2.00.  

Promoters’ stake was 71.12% as of 31 March 2025 ,compared to 86.30% as of 31 March 2024 .  

Cash flow from operating activities increased to Rs 287.30 crore for year ended March 2025 from Rs 35.49 crore for year ended March 2024.  Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 141.82 crore, compared to Rs 75.96 crore during the year ended March 2024.