Union Minister for Railways Ashwini Vaishnaw announced that India is becoming a major railway products manufacturer and exporter, marking a significant milestone in the country's industrial capabilities. Speaking during his visit to the Medha Bogies Factory in Hyderabad, Vaishnaw highlighted that India is designing, manufacturing and exporting advanced railway components, including propulsion systems and electronics, to countries such as France, Germany, Switzerland, Italy, Poland, the US and now Japan. According to Business Standard, this achievement represents a major breakthrough for India's global railway market presence, with the quality of these components turning out to be world-class.
As reported by Equitymaster.com, Indian Railway Catering and Tourism Corporation (IRCTC) has delivered exceptional performance with 5-year compounded sales growth of 46% and net profit growth of 54%. The government enterprise, established in 1999, operates as India's only authorized online railway ticket booking service and has diversified into catering, tourism, packaged drinking water, and executive lounge services. In Q4FY26, the company reported revenues of ₹1,459 crore compared to ₹1,268 crore in the previous year, though net profit declined to ₹326 crore from ₹358 crore. The company is expanding beyond ticketing through payment aggregator services and plans to build four additional Rail Neer plants while entering the hotel business.
According to Equitymaster.com, Titagarh Rail Systems has demonstrated robust growth with 5-year compounded sales growth of 16% and net profit growth of 65%. The private railway equipment manufacturer reported Q4FY26 revenues of ₹875 crore, down from ₹1,005 crore year-ago, but achieved a net profit of ₹56 crore compared to losses in the previous year. The company's total order book stands at ₹27,540 crore, including joint ventures and subsidiaries, with passenger rail segment orders at ₹10,600 crore and goods rail segment orders at ₹3,100 crore. Titagarh has secured wagon leasing licenses and received its first contract, enhancing its product offering to the private sector.
As reported by Equitymaster.com, Jupiter Wagons has delivered consistent performance with 5-year compounded sales growth of 24% and net profit growth of 28%. The company reported FY26 EBITDA of ₹363 crore with a margin of 12.4%. Entering FY27, Jupiter Wagons maintains an order book of ₹4,675 crore, providing healthy revenue visibility. The company has signed a long-term supply arrangement with Tatravagonka for wheelset manufacturing and is progressing with its Odisha Greenfield wheelset project, with partial production expected by end of current financial year and full commissioning targeted by end of FY28. Additionally, Jupiter Electric Mobility successfully developed modular Battery Energy Storage Systems during FY26.
