Shares of Texmaco Rail & Engineering Limited soared 3% on Thursday, 19 September after the company announced securing an order from Ultratech Cement Limited worth Rs 86.85 crore. 

The deal includes the provision of BCFC wagons and a brake van, which has to be finished by March 2026.

This comes just days after the company announced another large order. On 12 September, Texmaco announced receiving a letter of approval from Rail Vikas Nigam Limited (RVNL) for a project valued at Rs 129.09 crore, inclusive of all taxes.

The scope of work includes the design, supply, building, testing, and commissioning of 2×25 KV traction overhead equipment, as well as associated activities, at Central Railways’ Yavatmal-Digras line in Nagpur. The project is projected to be completed within 18 months of starting.

Texmaco Rail & Engineering Ltd reported a steep reduction in earnings for the June quarter, with net profit decreasing 49.8% year on year to Rs 30 crore from Rs 59.8 crore a year earlier.

Revenue decreased 16.3% to Rs 910.6 crore from Rs 1,088.2 crore in the same quarter last year, while EBITDA decreased by 33.5% to Rs 71.2 crore from Rs 107 crore. Operating margins decreased to 7.8% from 9.8% in the same time last year.

At 12:16 pm, the shares of Texmaco Rail were trading 1.29% higher at Rs 149.50 on NSE.

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