Shares of Texmaco Rail & Engineering Restricted soared 3% on Thursday, 19 September after the corporate introduced securing an order from Ultratech Cement Restricted price Rs 86.85 crore.
The deal consists of the availability of BCFC wagons and a brake van, which must be completed by March 2026.
This comes simply days after the corporate introduced one other giant order. On 12 September, Texmaco introduced receiving a letter of approval from Rail Vikas Nigam Restricted (RVNL) for a venture valued at Rs 129.09 crore, inclusive of all taxes.
The scope of labor consists of the design, provide, constructing, testing, and commissioning of two×25 KV traction overhead tools, in addition to related actions, at Central Railways’ Yavatmal-Digras line in Nagpur. The venture is projected to be accomplished inside 18 months of beginning.
Texmaco Rail & Engineering Ltd reported a steep discount in earnings for the June quarter, with web revenue lowering 49.8% yr on yr to Rs 30 crore from Rs 59.8 crore a yr earlier.
Income decreased 16.3% to Rs 910.6 crore from Rs 1,088.2 crore in the identical quarter final yr, whereas EBITDA decreased by 33.5% to Rs 71.2 crore from Rs 107 crore. Working margins decreased to 7.8% from 9.8% in the identical time final yr.
At 12:16 pm, the shares of Texmaco Rail have been buying and selling 1.29% larger at Rs 149.50 on NSE.
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