25-Oct-2026 14:07:25
ORIENTAL RAIL INFRASTRUCTURE Q2 CONCALL : H2 REVENUE EXPECTED 25–30% ABOVE H1, TARGETS 600 WAGONS PER QUARTER & ORDER BOOK AT ₹1,571 CR
• MANAGEMENT EXPECTS H2 FY27 REVENUE TO BE 25–30% HIGHER THAN H1 FY27 • IMPLIED H2 REVENUE AT ₹388–403 CR, TAKING POTENTIAL FY27 REVENUE TO ₹698–713 CR, SUBJECT TO EXECUTION • WAGON PRODUCTION TARGETED AT MINIMUM 600 UNITS EACH IN Q3 & Q4 VS 390 UNITS IN Q2 • CONSOLIDATED ORDER BOOK STANDS AT ₹1,571 CR, PROVIDING APPROXIMATELY 3–4 QUARTERS OF WAGON ORDER VISIBILITY • MANAGEMENT TARGETS PARTICIPATION IN APPROXIMATELY ₹400 CR OF COACH REFURBISHMENT TENDERS BY DECEMBER 2026 • COMPANY HOPES TO SECURE APPROXIMATELY ₹130 CR OF REFURBISHMENT ORDERS, SUBJECT TO TENDER OUTCOMES • SMART WAGON TENDER FOR 300–400 UNITS UNDER CONSIDERATION, WITH MANAGEMENT HOPING TO WIN AT LEAST 200 UNITS • SMART WAGON TENDER AWARD EXPECTED AROUND MID-NOVEMBER 2026, SUBJECT TO FINALIZATION • NEXT-GENERATION 25-TON AXLE-LOAD WAGON DESIGN TARGETED FOR RDSO SUBMISSION BEFORE DECEMBER 2026 • COMMERCIAL SUPPLIES OF NEW-GENERATION WAGONS TARGETED FROM FY28, SUBJECT TO TECHNICAL APPROVALS & FIELD TRIALS • WAGON LEASING BUSINESS ENTRY PLANNED FROM APRIL 2027, WITH LONG-TERM LEASING OPPORTUNITIES • WAGON MANUFACTURING CAPACITY EXPANSION PLANNED FROM FY28, WITH IMPLEMENTATION TARGETED FROM APRIL 2027 • VANDE BHARAT CHAIR-CAR SEAT ORDER DELIVERIES TARGETED BY JUNE 2027, WHILE TURNKEY INTERIOR CAPABILITY TARGETED BY JANUARY 2028 • MANAGEMENT EXPECTS HIGHER CAPACITY UTILIZATION, BACKWARD INTEGRATION & IMPROVED PROCUREMENT TO SUPPORT EBITDA PROFITABILITY • WAGON PRODUCTION RAMP-UP, TENDER CONVERSION, RDSO APPROVALS, WORKING CAPITAL REQUIREMENTS & STEEL PRICE VOLATILITY REMAIN KEY RISKS
ORIENTAL RAIL INFRA L