e2e Rail: Execution First, Product Next as FY26 Revenue Jumps to ₹380 Crore
Frequently Asked Questions
The presentation reports FY26 revenue of 380 crore, EBITDA of 38.0 crore with a 10.0 percent margin, and profit after tax of 16.8 crore with a 4.4 percent margin.
The presentation states an orderbook above 1,000 crore and notes that FY27 orderbook has already crossed 1,000 crore, indicating multi-period execution visibility based on contracted work.
It describes four integrated capabilities: Design through the Engineering Design and Research Centre, Build through NOVA as an OEM platform, Execute via systems integration, and Maintain via operations and maintenance lifecycle services.
The presentation states B2G has high working capital needs due to long receivable cycles, with days sales outstanding greater than 120 days.
NOVA is described as the wholly-owned OEM and product arm of the company for safety-critical rail products. The presentation highlights NOVA KAVACH 4.0 and a broader NOVA RAKSHA SIL-4 safety platform concept.
The presentation states application submission was cleared in September 2025 and CCA approval was cleared on 15 May 2026. It targets prototype approval by December 2026, field trial completion by October 2027, final approval by December 2027, and steady state revenue recognition by August 2028.
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