Shares of Subros Ltd opened with a nominal gain of 0.5% and reached an intraday high of Rs 894.90, which is 2% higher than its previous close on 4 December. 

The positive movement came after the company announced securing a fresh order worth Rs 52.18 crore from the Indian Railways’ Banaras Locomotive Works (BLW), Varanasi, for annual maintenance of cab HVAC equipment. 

The three-year contract covers the maintenance of air-conditioning equipment installed in locomotive driver cabins.  

Subros, created in 1985 as a joint company between the Suri family, Denso Corporation, and Suzuki Motor Corporation, manufactures thermal products for automotive applications. The company provides compressors, condensers, heat exchangers, and complete air conditioning systems for passenger cars, buses, trucks, trains, and refrigerated transport.

The company is already a provider of Rail Driver Cabin & Coach Air-Conditioning System(s) to Indian Railways, and the addition of this order means it has “now expanded itself into service contracts,” according to the auto thermal systems manufacturer.

Subro’s railway order bookings for the year, including supply and maintenance, now total around Rs 86.35 crore.  

The auto components major recorded an 11.8% year-on-year growth in net profit of Rs 40.7 crore for the September 2025 quarter, up from Rs 36.4 crore the previous year.  

Revenue increased by 6.2% year on year to Rs 879.8 crore from Rs 828.3 crore; however, EBITDA decreased by 10.1% to Rs 68.4 crore from Rs 76.1 crore in the previous quarter. The operating margin for the quarter was 7.7%, compared to 9.2% the previous year.  

However, by 3:30 pm, the shares of Subros were not able to maintain their positive movement and closed 1% lower at Rs 868.25 on NSE.

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