Texmaco Rail and Engineering Q3 Results: Net profit and revenue decline

Rolling stock maker Texmaco Rail & Engineering Ltd on Monday (February 9) reported a net profit of ₹42.8 crore in the third quarter, compared with ₹76.7 crore in the same period last year, a decline of 44.2% year-on-year.

Revenue for the quarter stood at ₹1,041 crore versus ₹1,326 crore a year ago, down 21.5% year-on-year. EBITDA declined 32.6% to ₹88.3 crore in Q3 from ₹131 crore in the corresponding quarter of the previous year. EBITDA margin for the quarter came in at 8.5% compared with 9.9% in the year-ago period.

Last month, Texmaco Rail & Engineering announced the receipt of two separate domestic orders cumulatively valued at over ₹126 crore, strengthening its order book in the freight wagon segment.

Also Read: Texmaco Rail wins ₹140 crore order to supply eight rakes of wagons; Stock jumps from lows

This includes an order placed by IVC Logistics that is worth ₹62.21 crore, excluding taxes. It involves the supply of rakes of ACT1 wagons along with BVCM Design-C wagons and will be executed by August 2026.

In a separate disclosure, Texmaco Rail said it has also received an order worth ₹64.06 crore, excluding taxes, from APL Logistics Vascor Automotive. Texmaco will supply rakes of ACT1 wagons along with BVCM-type brake vans. This contract is to be completed by September 2026.

Both orders are domestic in nature and do not fall under related party transactions. In a regulatory exchange, the company clarified that neither the promoter nor the promoter group has any interest in the entities awarding the contracts.

Also Read: Texmaco Rail secures ₹129 crore order from Rail Vikas Nigam for overhead equipment work

Shares of Texmaco Rail & Engineering Ltd ended at ₹121.50, up by ₹2.35, or 1.97%, on the BSE.