Texmaco Rail & Engineering Limited has informed the Exchange about Re-appointment of Internal Auditor & Cost Auditor for FY 2026-27.

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

TEXRAIL · price

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

+14.1%Reaction day

₹105.02

prior close

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announcement price

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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.

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

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AI summary

Texmaco Rail reported standalone net profit of Rs. 187 crore for FY2026, up 8.6% from Rs. 172 crore last year, on revenue of Rs. 4,371 crore. However, consolidated net profit fell 22% to Rs. 194 crore due to lower JV contributions. The statutory auditors issued a qualified opinion for the first time because the company created a Rs. 700 crore general contingency provision by directly charging free reserves instead of routing it through the profit and loss account, citing geopolitical and trade uncertainty risks. Net worth after this provision stands at Rs. 2,330 crore. The Board also recommended a 75% dividend (Rs. 0.75 per share), approved up to Rs. 200 crore investment in defence business through its subsidiary, and reappointed Deloitte as internal auditor for FY2026-27.

Likely market impact

The qualified audit opinion is a red flag for investors as it indicates the auditors disagree with the accounting treatment of the Rs. 700 crore contingency provision. This raises questions about transparency and could negatively impact investor sentiment, though the underlying operational performance shows steady growth on a standalone basis.

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.