Shares of Texmaco Rail & Engineering Ltd rose 3% to hit a day’s excessive of Rs 149 on twenty second August after the corporate introduced that it had secured an order value Rs 103.16 crore from Leap Grain Rail Logistics to provide BCBFG wagons and BVCM brake vans. The home order is to be executed inside 10 months.
In June, Texmaco secured a $62.24 million (roughly Rs 535 crore) order from CAMALCO SA in Cameroon. This contains the manufacture and provide of 560 open-top wagons, valued at $32.76 million (roughly Rs 282 crore), in addition to a 20-year upkeep contract value $29.48 million (roughly Rs 253 crore).
Earlier this month, the corporate reported weak Q1 FY26 outcomes. Web revenue fell 49.8% to Rs 30 crore from Rs 59.8 crore a yr earlier. Income dropped 16.3% to Rs 910.6 crore, whereas EBITDA slipped 33.5% to Rs 71.2 crore. Working margins additionally narrowed to 7.8% from 9.8% within the earlier yr.
At 1:58 PM, the shares of Texmaco had been buying and selling 2% increased at Rs 144.92 on NSE.
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