Stock in focus: Texmaco Rail & Engineering Limited has received a big order of ₹ 86.85 crore. This order has been given by Ultratech Cement Limited. This contract is for the supply of BCFC wagons and a break van. The delivery of this contract will be completed by March 2026.
RVNL also got a big project
This order came at a time when the company recently announced another important project. On September 12, Texmaco reported that it had met the letter of accepting of September 10 from Rail Vikas Nigam Limited (RVNL). The project is ₹ 129.09 crore, which includes all taxes.
The scope of work includes the design, supply, installation, testing and commissioning of 2×25 KV traction overhead equipment and other related works. This project will be completed in the Yavatmal-Digras section of Nagpur Division of Central Railway and it will have to be completed in 18 months of starting.
First quarter results
Texmaco Rail’s June quarter results were weak. The company’s net profit fell 49.8% to ₹ 30 crore on an annual basis. At the same time, it was ₹ 59.8 crore in the same period last year.
Revenue also declined 16.3% to ₹ 910.6 crore, compared to ₹ 1,088.2 crore last year. Ebitda fell 33.5% to ₹ 71.2 crore, which was ₹ 107 crore last year. The operating margin fell from 9.8% to 7.8%.
Texmaco Rail’s share
Texmaco Rail & Engineering Ltd shares fell on NSE on Thursday, September 18 to close at ₹ 147.40. The stock has increased by 9.67% in the last 1 month. At the same time, 6 months shares have climbed 12.69%. However, Texmaco Rail’s stock has fallen 32.37% in 1 year. Its market cap is ₹ 5.89 thousand crore.
Texmaco Rail’s Business
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