Construction & Engineering company Texmaco Rail & Engineering announced Q1FY26 results Revenue from Operations: Rs 911 crore. EBITDA: Rs 79 crore (Margin: 8.7%). PAT: Rs 29 crore (Margin: 3.2%). Order Book: Rs 7,053 crore as on June 30, 2025. Indrajit Mookerjee, Executive Director & Vice Chairman, Texmaco Rail & Engineering, said: “While Q1FY26 saw a decline in revenue primarily due to the short supply of wagon wheelsets from Indian Railways, these issues have since been resolved. Our strong order book and ongoing projects across rolling stock, traction, and international markets give us confidence in our growth trajectory. The expansion of India’s rail infrastructure, coupled with the government’s focus on modernising freight corridors and logistics networks, continues to drive opportunities for Texmaco. Our recent MoU with Rail Vikas Nigam (RVNL) is a strategic step towards enhancing our capabilities in manufacturing, infrastructure, and technology-driven areas, further strengthening our position in global markets.” Sudipta Mukherjee, Managing Director, Texmaco Rail & Engineering, said: “During the quarter, we delivered 1,815 freight cars and 8,667 MT from our Foundry Division, which also supported component supplies. Significant order wins from Indian Railways for traction transformers, wagon manufacturing, and maintenance reaffirm our leadership in freight rolling stock. On the international front, we secured one of the largest export contracts ever by an Indian Freight Rolling Stock company and a 20-year maintenance contract in Africa. Expanding our global footprint, we continue to have a focus on extended reach in exports & maintain our leadership in the Domestic market. Result PDF
Construction & Engineering company Texmaco Rail & Engineering announced Q3FY25 results Revenue from Operations: Rs 1,326 crore compared to Rs 896 crore during Q3FY24, change 47.9%. EBITDA: Rs 139 crore compared to Rs 91 crore during Q3FY24, change 51.7%. EBITDA Margin: 10.5% for Q3FY25. PAT: Rs 76 crore compared to Rs 30 crore during Q3FY24. PAT margin: 5.8% for Q3FY25. EPS: Rs 1.92 for Q3FY25. Indrajit Mookerjee, Executive Director and Vice Chairman said: “Despite a challenging market environment, Texmaco maintained a steady performance in Q3FY25, reflecting operational stability and adaptability. Revenue from Operations for the quarter was at Rs 1,326 crore, a YoY growth of 47.9%. EBITDA was Rs 139 crore, with a YoY increase of 51.7%, and a margin of 10.5%. PAT for the quarter was Rs 76 crore, a YoY growth of 151.0%, with a margin of 5.8%. The company remains focused on improving operational efficiency, managing costs and strengthening its execution capabilities. With steady demand for rolling stock, the government's ongoing investments in rail infrastructure are likely to support a positive business environment. Looking ahead, the upcoming Union Budget is likely to influence the sector’s growth path and create new opportunities. Increased investment in railway infrastructure, freight corridors and modernization initiatives could drive demand, allowing Texmaco to effectively align with these developments. With a disciplined approach to growth, the Company aims to enhance value creation for all stakeholders while navigating the evolving industry landscape.” Sudipta Mukherjee, Managing Director, said: “In Q3FY25, the Company delivered 2,714 freight cars, compared to 1,756 in Q3FY24, reflecting a 54.6% YoY increase. For 9MFY25, deliveries reached 8,015 freight cars, a 69.7% growth from 4,724 in the corresponding period of the previous year. This increase demonstrates Texmaco’s manufacturing capabilities and ability to meet rising demand. Performance in Q3FY25 was slightly lower than in Q2FY25, primarily due to the non-availability of wheelsets from Indian Railways. To address this, the Company increased execution of private sector orders, mitigating the impact on overall production. As part of its strategic plans, the Company has approved the merger of Texmaco West Rail Limited with Texmaco Rail & Engineering Limited, which is expected to be completed within the next six months. Additionally, the Company has also decided to transfer its Infra – Rail and Green Energy business as a going concern on slump exchange basis into a 100% subsidiary of Texmaco Rail. The Company expects the transfer should be completed in 12-15 months. Texmaco’s credit profile has also improved, reflected in the recent upgrade in CARE ratings. Long-term bank facilities have been upgraded to CARE A (RWD), while short-term bank facilities now hold a CARE A1 (RWD) rating, highlighting its sound financial position and fundamentals.” Result PDF
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
Conference Call with Texmaco Rail & Engineering Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.