Outcome of Board Meeting

Qualified audit opinionExceptional itemRevenue declinedProfit growth above 25%EBITDA margin expansionResults View source PDF Explain this filing

TEXRAIL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+14.1%Reaction day

₹105.02

prior close

₹115.00

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.7%+13.4% vs market

Industrial Manufacturing peers, median of 134sector · industry level+0.2%+13.9% vs sector

On the reaction day the stock moved 13.4 pts more than Nifty Microcap 250 and 13.9 pts more than its Industrial Manufacturing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.2

10m

+2.4

15m

+4.0

30m

+3.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+14.1+0.7+13.4+0.2+13.9

Next day

+18.0+0.9+17.1+0.0+18.0

+10.1+0.6+9.6-1.0+11.2

+5.4-0.8+6.2-2.4+7.8

+3.8-0.4+4.1-2.2+6.0

+3.3+0.2+3.1-1.2+4.5

+3.0+1.4+1.5-2.1+5.0

15d

+0.6+4.2-3.5+0.3+0.3

+1.6+6.3-4.7-0.1+1.7

+11.7+11.3+0.4+3.5+8.2

+2.0+14.0-12.0+4.2-2.2

UpDownMarket · Nifty Microcap 250Sector · Industrial Manufacturing peers, median of 134Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Texmaco Rail & Engineering Ltd's Board approved FY2026 audited results with standalone revenue of Rs. 4,37,140 lakhs (up 3.2% YoY) and consolidated revenue of Rs. 4,37,727 lakhs (down 14.3% YoY). Standalone net profit grew 8.6% to Rs. 18,700 lakhs, while consolidated net profit declined 22.2% to Rs. 19,357 lakhs. Statutory auditors L.B. Jha & Co. LLP issued a qualified opinion for the first time due to the company creating a Rs. 700 crore contingency provision charged directly to free reserves (bypassing P&L) citing geopolitical risks, which auditors could not quantify. The Board recommended 75% dividend (Rs. 0.75/share) and approved entry into defence business through Texmaco Defence Technologies Ltd with up to Rs. 200 crore investment over 3-5 years. A new real estate segment was also created for surplus land development.

Likely market impact

The qualified audit opinion on contingency provisioning raises concerns about transparency and risk disclosure practices. The Rs. 700 crore charge to reserves reduces net worth materially, though the stock may see short-term support from the dividend announcement and defence business expansion plans.

By the numbersConsolidated · Q4 FY26 vs Q4 FY25

	Q4 FY26	Q4 FY25	Change
Revenue	₹1,167 Cr	₹1,346 Cr	−13.3%
Operating profit	₹62.78 Cr	₹52.38 Cr	+19.9%
Profit after tax	₹58.04 Cr	₹39.16 Cr	+48.2%
EBITDA margin	9.1%	7.3%	+1.9 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.