Construction & Engineering company Texmaco Rail & Engineering announced H1FY25 & Q2FY25 results Freight Car Run Rate Sales of 2,927 Wagons per Quarter. Order Book as of 30th September of Rs 8,194 crore H1FY25. Revenue from Operations at Rs 2,434 crore H1FY25. H1FY25 EBITDA at Rs 272 crore and margin of 11.2%. Indrajit Mookerjee, Executive Director and Vice Chairman, Texmaco Rail & Engineering, said: “We are delighted to have successfully completed the acquisition of Jindal Rail & Infrastructure Ltd during the first half of the year and announced consolidated Revenue from Operations of Rs 2,434 crore. In terms of profitability, Texmaco reported EBITDA at Rs 272 crore, with a margin of 11.2% and Profit After Tax at Rs 133 crore, with a margin of 5.5% in H1FY25. The acquisition has resulted in us increasing revenues by a factor of 1.67x representing a transformation in Texmaco’s market presence in India and internationally. With the first 100-day integration plan well underway, the company has been renamed as Texmaco West Rail Limited and the synergy realization is in line with management expectations. This acquisition represents the largest deal in India’s rolling stock industry, marking a strategic milestone for the Company. Texmaco West Rail provides greater customer reach in the private commodity specific wagons market and increases our private sector revenue contribution from 12% to 28%. We look forward to leveraging the combined potential of both companies and creating new opportunities for sustainable growth and innovation.” Sudipta Mukherjee, Managing Director, Texmaco Rail & Engineering, said: “During the first half of the year, Texmaco has achieved the highest ever freight car sales in its history, having sold 5,301 freight cars. With the acquisition of Jindal Rail & Infrastructure Ltd., we have attained leadership position in the freight car manufacturing industry. During Q2 FY24, we delivered 2,927 freight cars with 72% to Indian Railways and 28% to private customers and export markets. Our steel foundries in Raipur and Belgharia had combined sales of 11,156 metric tonnes of castings and other railway components, marking a 3.5% increase YoY. As a market leader in the steel foundry segment, the growth in foundry reinforces the resilience of the Texmaco supply chain for critical railway components. In October 2024, Texmaco was recognized as a “Three Star Export House” under the Government of India’s Foreign Trade Policy, 2023. This certification strengthens our position as a contributor to India’s global trade policies. The rail freight industry is poised for significant growth in the upcoming years, with freight volumes by rail projected to increase from 27% to 45% by 2030, as outlined in the National Rail Plan Vision 2030. Our sector plays a crucial role in supporting the government to achieve its goal of 3,000 MT of freight loading whilst also creating valuable opportunities for Texmaco. As Indian Railways expands its fleet to meet these goals, we are wellpositioned to contribute with our advanced manufacturing capabilities and integrated solutions. Looking ahead, we remain focused on leveraging these government initiatives while also addressing growing demand from private customers and export markets. Our management team is ready to embrace the challenges ahead and is confident in its capabilities to convert them into opportunities for sustainable growth.” Result PDF