Texmaco Bags Second Contract In A Week
This contract entails designing, supplying, constructing, installing, testing and commissioning traction transformers & associated work.
This infrastructure and maintenance work will be carried out on Mumbai’s Western Railway. The Western railway line also houses one of Mumbai’s suburban train service lines.
As per the exchange filing published on June 3, the company said that Mumbai Railway Vikas Corporation Limited awarded the contract on June 2, 2025, and the company is expected to execute it within 30 months.
Last week, the company had managed to bag another contract when the company announced that it had bagged a ₹140 crore order for making multi-purpose wagons. The deal involved the manufacturing and supply of 8 rakes of Flat Multi-Purpose Wagons.
Earlier this year, in February, the company also signed a Memorandum of Understanding (MoU) with Polish technology firm Nevomo for next-gen tech rail innovation.
Q4 Results
In the last quarter of FY25, Texmaco Rail & Engineering saw its net profit decline by 12% to ₹40 crore from ₹45 crore in the same quarter last year.
The company’s revenue numbers also grew, rising by 17.5% from last year to ₹1,346.4.
In addition, the rail infra entity’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) increased by 14.7% year-on-year to ₹97.6 crore.
Shares Performance
The shares of Texmaco had an underwhelming day at the bourse on Tuesday. The company shares declined to the day’s low of ₹159.25. At 14:53 IST, Texmaco shares declined by ₹0.77 or 0.48%.
In the past month of trade, this company’s shares have increased in value by 14.68%, or ₹20.56. The current value of the stocks stands at ₹160.66 per share.
(Edited by : Hormaz Fatakia)
First Published: Jun 3, 2025 4:59 PM IST
