Texmaco Rail & Engineering Q3 Results: The Consolidated net profit of Texmaco Rail and Engineering Limited in the October-December 2024 quarter doubled to Rs 76 crore on an annual basis. Profit increased due to excess delivery of freight vehicles i.e. freight cars. The company said in a statement that the profit was Rs 30 crore in the last year’s December quarter.
Consolidated revenue from Texmaco Rail and Engineering operations in the December 2024 quarter also increased by 47.9 percent to Rs 1,326 crore a year ago. It was Rs 896 crore a year ago. Ebitda rose to Rs 139 crore, which was Rs 91 crore in the December 2023 quarter. By the end of December 2024, the company’s order book was Rs 7,612 crore.
How much is the share price
The company’s stock fell 9.5 percent to close at Rs 177.75 on BSE on 1 February. The company’s market cap is Rs 7100 crore. The stock has come down 32 percent in 6 months. The company had a 48.14 percent stake in the company till the end of December 2024.