Oriental Rail Infrastructure Ltd

Order details

• Awarding entity: Integral Coach Factory (ICF), Chennai, Indian Railways.
• Scope: Manufacture, supply and installation of 27 MEMU coach seat sets per DRG.
• Value: Rs 1,75,86,720.
• Domestic order: Yes; from Indian Railways.
• Timeline: Delivery by 24 November 2026.
• Payment terms: 80% on inspection/provisional receipt; 20% on acceptance plus installation charges.
• Promoter/related party: No interest; arm's-length terms.

Meeting Details

• Date and time: Friday, August 28, 2026, 12:30 PM to 1:30 PM.
• Meeting type and mode: In-person, group investor/analyst meeting.
• Organiser: NV Alpha Fund Management.
• Company representative: Company Secretary & Compliance Officer.
• Purpose: Investor/Analyst meet; no price-sensitive information disclosed.

Meeting Details

• Date and time: Friday, August 28, 2026, 11:00 AM–12:00 PM.
• Type and mode: In-person investor meet.
• Organizer: GeeCee Holdings.

Purpose

• Objective: Investor/Analyst interaction.

Additional Notes

• No price-sensitive information or forward-looking statements will be disclosed.

Financial Performance

• Q1 FY27 revenue from operations: INR137.6 crores, up 16.7% YoY
• EBITDA: INR20.9 crores; EBITDA margin 15.2% (up from 12.4%)
• PBT: INR14.5 crores; YoY growth 74.1%
• PAT: INR10.7 crores; YoY growth 83%; PAT margin 7.8%
• Revenue mix: Wagons 75%, Interiors 16%, Rexine upholstery 5%, Others 4%

Segment and Operations

• Freight wagons contributed ~INR106 crores; rolling stock interiors ~INR33 crores
• Consolidated order book as of Aug 11, 2026: INR1,692 crores
• OFPL: wagons orders ~INR1,526 crores; interiors orders ~INR166 crores
• OFPL capacity ~2,400 wagons; 200 wagons/month target from Q3 FY27
• Average realization ~INR40 lakhs per wagon (±5%)
• Targeted freight-wagon EBITDA margin 15%–17% in the medium term

Orders and Capacity

• Current capacity utilization driving volume growth, other segments ~8–10% growth
• Wagon capacity expansion to 4,800 wagons targeted from FY28 (12–18 months)
• Capacity expansion to begin in Q1 FY28; 3,600 then 4,800 wagons phased
• JV with HUM: smart wagons capacity 30,000 units/year; per unit INR 2.5–3.0 lakhs
• HUM JV potential revenue ~INR 750 crores annually at 30,000 units/year

Strategic Growth Initiatives

• Smart Wagons with HUM Industrial Technology: 51% ORIL, 49% HUM
• North India smart-wagon component facility planned by end FY28
• Modern wagons design with United Wagon Company (VNICT); RDSO submission in Q4 FY27
• Wagon leasing: in-principle Railway Board approval; recurring revenue model

Outlook and Guidance

• Medium-term freight-wagon EBITDA margin target: 15%–17%
• Near-term focus: execution, capacity utilization, stronger cash generation
• Turnover expected around INR 700 crores in near term

Q&A Highlights

• Q1 moderation linked to US– Iran war and fuel supply disruption; now largely resolved
• YoY growth driven by wagon capacity utilization; interiors growth 8–10%
• Cycle: 200 wagons/month from Q3 FY27; capacity to 4,800 wagons by FY28
• HUM JV: 30,000 units/year; INR 2.5–3.0 lakh per unit; revenue ~INR 750 crores

Earnings call recording posted

• Earnings call for Q1 FY27, on Aug 19, 2026, audio recording uploaded on the company website.

NSE trading admission

• Equity shares admitted to trading on NSE effective August 17, 2026.
• ISIN INE457G01029; NSE symbol ORIRAIL; face value Rs 1.
• Company already listed on BSE; NSE listing adds trading venue.
• Regulatory basis: Regulation 30 of SEBI LODR and NSE Circular 1355/2026.

AGM notice and dispatch details

• Letters with weblink to Annual Report 2025-26 and AGM notice dispatched to non-registered email Members.
• AGM scheduled on Tuesday, September 08, 2026 at 01:00 PM IST via VC/OAVM.
• Access AGM notice and annual report at www.orientalrail.com/annual-reports.php.
• Cut-off date for e-voting: September 01, 2026.
• Remote e-voting starts September 05, 2026 at 9:00 AM IST.
• Remote e-voting ends September 07, 2026 at 5:00 PM IST.
• Registrar and Transfer Agent: Adroit Corporate Services Pvt. Ltd.
• Helpline for VC/e-voting: 022-4886-7000.
• Queries regarding Annual Report: compliance@orientalrail.co.in.
• Mode: VC/OAVM in line with MCA/SEBI guidelines.