Home / Business and Economy / Texmaco Rail's Profit Plummets 44% Amidst Revenue Drop
Texmaco Rail's Profit Plummets 44% Amidst Revenue Drop
9 Feb
Summary
- Third quarter net profit fell by 44.2% to ₹42.8 crore.
- Revenue decreased by 21.5% to ₹1,041 crore in the same period.
- The company secured two domestic orders valued over ₹126 crore.
Texmaco Rail & Engineering Ltd experienced a substantial decrease in financial performance during the third quarter. The company's net profit declined by 44.2% compared to the previous year, settling at ₹42.8 crore. Correspondingly, revenue for the quarter was reported at ₹1,041 crore, marking a 21.5% reduction from the same period last year.
Further financial indicators showed a decline, with EBITDA dropping by 32.6% to ₹88.3 crore, and the EBITDA margin contracting to 8.5% from 9.9% year-on-year. This downturn occurred despite recent positive developments in securing new business.
In positive news, Texmaco Rail recently announced the acquisition of two domestic orders collectively valued at over ₹126 crore. These orders are for freight wagons and are expected to be executed by August and September of 2026, reinforcing the company's position in the freight wagon segment.
