Texmaco Rail & Engineering Limited has informed the Exchange regarding Change in Director(s) of the company.
TEXRAIL · price
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On the reaction day the stock moved 3.1 pts less than Nifty Microcap 250 and 2.2 pts less 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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Texmaco Rail & Engineering reported audited FY25 results with standalone revenue of Rs. 4,234 crore, up about 21% YoY, and standalone profit after tax of Rs. 172 crore, up roughly 53% YoY. Consolidated revenue jumped to Rs. 5,107 crore (up ~46% YoY) and consolidated PAT to Rs. 248 crore (up ~117% YoY), lifted by the acquisition of Texmaco West Rail Ltd (formerly Jindal Rail Infrastructure) as a wholly owned subsidiary. The board recommended a 75% dividend (Re. 0.75 per share of Re. 1 face value) and re-appointed Saroj Kumar Poddar as Executive Director and Chairman for 5 years and A.K. Vijay as Executive Director for 1 year. Statutory auditors L.B. Jha & Co. issued an unmodified opinion on the results, and the board approved the amalgamation of Texmaco West Rail into the parent and the transfer of the Infra-Rail & Green Energy division to a wholly owned subsidiary. A concern is that consolidated operating cash flow turned negative at about Rs. -47 crore in FY25 (versus a positive Rs. 96 crore in FY24), mainly driven by working capital changes.
Strong earnings growth and a healthy dividend are positive for shareholders, though the swing to negative consolidated operating cash flow is a watchpoint. The proposed amalgamation and division transfer could reshape the business mix going forward.