On the financial front, Texmaco Rail reported a 66% rise in consolidated net profit at ₹24.64 crore in the second quarter ended September 30, 2023, compared to ₹15.43 crore in the same period last year. Operating revenue rose 66.32% to ₹805 crore as compared to ₹484 crore in the year-ago period. EBITDA increased 76.74% YoY to ₹76 Crore while margin remained stable at 9% YoY.

Texmaco is engaged in the manufacture of railway freight cars, wagons, electric multiple units, locomotive components and assemblies, hydromechanical equipment, and industrial structural and steel castings. The company is also involved in executing railway and metro projects, covering segments such as track construction, electrification, signaling, telecommunications and fare collection systems.

In the second quarter of fiscal year 2024, the heavy engineering sector performed best. The gross revenue of this division increased more than three times to ₹616 crore from ₹192 crore in Q2FY23. While the steel foundry’s revenue was ₹202 crore as compared to ₹123 crore a year ago, rail transport and green energy recorded growth (Infra) and Electricity (Infra) sales of ₹123 crore and ₹32.23 crore respectively.

(DISCLAIMER: The views and opinions expressed by investment professionals on Fortuneindia.com are either their own or those of their organizations and are not necessarily those of Fortuneindia.com and its editorial team. Readers are advised to consult certified experts before making any investment decisions. )