Revenue toh super hai, par profits ka kya?
Yaar, Transrail Lighting ne apna Q3 FY26 ka result announce kiya hai aur numbers dekhne laayak hain, khaas kar revenue mein. Standalone revenue 32.56% saal-dar-saal badhkar ₹1,776.68 crore ho gaya. Consolidated revenue bhi 32.58% badhkar ₹1,777.19 crore pahuncha.
Standalone Profit After Tax (PAT) bhi 14.68% badhkar ₹111.90 crore raha, aur consolidated PAT 17.70% ki tezi dikhakar ₹109.74 crore par pahunch gaya. Aur agar 9 mahine ka combined dekho toh revenue 49.67% (standalone) aur 49.71% (consolidated) tak bhaga hai, aur consolidated PAT toh 53.21% badhkar ₹306.53 crore ho gaya!
Margin compression aur exceptional item ka funda
Sab accha lag raha tha, par ek cheez notice karne wali hai. Jo standalone EBITDA margin hai na, woh thoda compress hua hai. Last year Q3 mein yeh 13.37% tha, abhi 12.47% ho gaya hai. Consolidated margin bhi lagbhag stable hai, 10.44% se 10.42% hua hai.
Iske alawa, ek ₹17.38 crore ka exceptional item bhi hai. Yeh naye Labour Codes ke statutory impact ki wajah se hai, jisne dono standalone aur consolidated PAT ko thoda affect kiya hai. Toh asli operational profit dekhne ke liye isko alag rakhna hoga.
Aage kya? Acquisition aur future
Company ne ek 32% stake bhi kharida hai CEDEC Engineering Private Limited mein, jo ek strategic move hai EPC segment mein aur strong hone ke liye. Bhugol ki baat karein toh India aur India ke bahar se lagbhag equal revenue aa raha hai.
Filhaal management ne koi future guidance nahi di hai, toh investors ko aage wale quarters mein margin recovery par nazar rakhni chahiye.