Schedule a Call Back
Texmaco Rail reports 183% surge in Q1 net profit to Rs 357.3 million
Industry News- Aug 14,24
In a strategic move, Texmaco Rail announced plans to acquire Jindal Rail Infrastructure for approximately Rs 6.15 billion.
- Net profit: The company’s consolidated net profit soared to Rs 357.3 million, marking a dramatic 183% increase from Rs 126.8 million in the same quarter last year.
- Revenue: Revenue from operations for the quarter reached Rs 8.91 billion, a 36% rise compared to Rs 6.56 billion in the previous year.
The freight car division, which is the primary revenue driver, saw its revenue grow by 38% to Rs 7.33 billion from Rs 5.30 billion year-over-year. The infra – rail & green energy segment also saw an increase, with revenue rising to Rs 1.04 billion from Rs 961.8 million.
In a strategic move, Texmaco Rail announced plans to acquire Jindal Rail Infrastructure for approximately Rs 6.15 billion. This acquisition is expected to enhance Texmaco's presence in the private freight rolling stock sector and is slated for completion within 57 days or an agreed extension.
(Benzinga)
Related Stories
Railways
Texmaco Rail Secures Rs 1.32 billion BLSS Wagon Order from TTRL
Texmaco Rail & Engineering Limited has secured an order worth Rs 1.32 billion, excluding taxes, from Touax Texmaco Railcar Leasing Private Limited (TTRL) for the supply of a rake comprising BLSS and..
Read moreElectrical & Electronics
Transrail Secures Rs 8.22 Billion Orders, Expands Footprint in GCC Region
With these additions, the Company’s cumulative order inflows for FY26 have risen to more than Rs 51.1 billion, reflecting strong order intake and robust orderbook position.
Read moreSmart Manufacturing
India’s Top 100 Engineering Companies 2025 by Smart Manufacturing & Enterprises
FY25 unfolded against a challenging external setting. Despite the global headwinds, India posted real GDP growth of 6.5 per cent in FY2024–25. In this edition, Smart Manufacturing & Enterprises (S..
Read moreRelated Products
Ball Rail Systems
Railways
Jinisha Electrolites offers a wide assortment of ball rail systems
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
