Texmaco Rail & Engineering Limited — Updates, 01-02-2025: Press Release

Texmaco Rail & Engineering Limited reported a steady performance in Q3 FY25, with Revenue from Operations reaching ₹1,326 Cr, a significant year-on-year growth of 47.9%. EBITDA stood at ₹139 Cr, reflecting a 51.7% increase, resulting in an EBITDA margin of 10.5%. Profit After Tax (PAT) was ₹76 Cr, marking a remarkable year-on-year growth of 151.0%, with a PAT margin of 5.8%.

The company delivered 2,714 freight cars in Q3 FY25, up 54.6% from the same period last year, and cumulative deliveries for the first nine months reached 8,015 freight cars. A merger between Texmaco West Rail and Texmaco Rail is forthcoming, expected to finalize within six months, while the transfer of its Infra – Rail and Green Energy business into a wholly-owned subsidiary will likely complete in 12-15 months.

Texmaco's credit profile has notably improved, with upgraded CARE ratings for both long-term and short-term bank facilities, underscoring its strengthening financial position in a challenging market landscape. Increased demand for rolling stock due to government investments in railway infrastructure presents a positive outlook for Texmaco's growth trajectory.