Texmaco Rail & Engineering Limited has informed the Exchange regarding Change in Director(s) of the company.
TEXRAIL · price
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Awaiting price reaction for this filing.
Texmaco Rail & Engineering reported a weak Q1FY26 with standalone revenue from operations falling to Rs 80,684 lakhs (down 10% YoY from Rs 89,165 lakhs) and net profit dropping sharply to Rs 2,352 lakhs (down 42% YoY from Rs 4,025 lakhs). Standalone EPS came in at Rs 0.59 versus Rs 1.01 a year ago. On a consolidated basis, net profit was Rs 1,432 lakhs versus Rs 3,217 lakhs in Q1FY25. The Board re-appointed Mr. Indrajit Mookerjee as Executive Director & Vice Chairman for one year effective April 2, 2026, and Mr. Sudipta Mukherjee as Managing Director for five years effective June 1, 2026, subject to shareholder approval. The NCLT Kolkata Bench has sanctioned the amalgamation of wholly-owned subsidiary Texmaco West Rail Limited with the company, effective from the appointed date of April 1, 2025. CARE Ratings, the monitoring agency, confirmed Rs 4.56 crore was used for capex and Rs 38.70 crore for general corporate purposes from the Rs 750 crore QIP during the quarter, with no major deviations in fund usage.
Sharp YoY decline in profits despite modest revenue dip signals margin pressure and weak quarterly performance, which is likely to weigh on near-term sentiment. The NCLT-sanctioned amalgamation of a wholly-owned subsidiary simplifies the group structure, while continuity in top leadership (MD and Vice Chairman re-appointed) provides management stability. Shareholders should note the re-appointments are subject to their approval at the next general meeting.