TEXRAIL · price
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Awaiting price reaction for this filing.
The Board of Directors approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025, with an unmodified audit opinion. On a standalone basis, FY25 revenue from operations rose to Rs. 4,233.98 crore from Rs. 3,502.87 crore in FY24, while net profit jumped to Rs. 172.13 crore from Rs. 112.69 crore, translating to an EPS of Rs. 4.31 (vs Rs. 3.28). Consolidated FY25 revenue was Rs. 5,106.57 crore with net profit of Rs. 225.51 crore. The Board recommended a dividend of 75%, i.e., Re. 0.75 per equity share of Re. 1 face value, subject to shareholder approval at the AGM. CARE Ratings, the Monitoring Agency for the Rs. 750 crore QIP, reported no deviation from issue objects. The Board also approved the amalgamation of wholly-owned subsidiary Texmaco West Rail Ltd (formerly Jindal Rail Infrastructure) into the Company, and the transfer of the Infra-Rail & Green Energy division to Belgharia Engineering Udyog Pvt Ltd via a slump exchange. Re-appointments of Mr. Saroj Kumar Poddar (Executive Chairman, 5 years) and Mr. A.K. Vijay (Executive Director, 1 year) were recommended, alongside the appointment of M/s. S.R. & Associates as Secretarial Auditor for FY 2025-26 to FY 2029-30.
Strong FY25 earnings growth (standalone profit up ~53% YoY) and a 75% dividend should be viewed positively by shareholders. The QIP monitoring report with no deviations reinforces fund-use discipline, while the proposed amalgamation and division transfer are structural moves requiring NCLT and regulatory approvals.