Texmaco Rail engineering shares surged more than 4 per cent on NSE (National Stock Exchange), after company’s exchange filling revealed, that Chhattisgarh State Power Transmission (Undertaking of Chhattisgarh Government), has awarded texmaco rail engineering a projects worth Rs 187.41 crore.
The shares of Texmaco Rail Engineering accelerated more than 4 per cent touching day high level of Rs 239.74 per share on the bourses, after hitting the opening bell at Rs 236.00 per share Indian exchanges.
Texmaco Rail Engineering shares were currently trading around Rs 233.39 per share on the bourses with upsurge of 1.89 per cent amounting to a Rs 4.22 per share on the NSE (National Stock Exchange).
Awarded project details
‘We write to inform you that the Company has received an order for construction of 09 (nine) No.132KV transmission lines on turnkey basis (Total RL: 291 km approx.) valuing Rs. 187.41 crores approx. from Chhattisgarh State Power Transmission Co. Ltd., a Government of Chhattisgarh Undertaking, vide its letter of acceptance no. 02-04/SE(TL)/TR-23/12/LOA/ No 2009 dated 16th December, 2024 to be executed over a period of 15 months.’
Texmaco Rail Q2 FY25
For the quarter ending September 30, 2024 (Q2 FY25), Texmaco Rail reported a 67.2 per cent increase in its consolidated revenue from operations, which came to Rs 1,346 crore.
According to the exchnage filling, the company reported sales of Rs 805 crore for the previous year.
EBITDA margin Q2 FY25
Earnings before interest, taxes, depreciation, and amortisation, or EBITDA, increased by 81.7 per cent to Rs 149 crore from Rs 82 crore in the August 2023 quarter.
In Q2 of FY24, the EBITDA margin grew from 10.1per cent to 11per cent. The quarter’s profit after tax (PAT) was 74 crore, up 196 per cent year over year from Rs 25 crore in the same quarter of the previous fiscal year.
