Texmaco Rail & Engineering Limited has informed the Exchange regarding 'Updates as per NSE's mail dated 14.05.2026'.
TEXRAIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Texmaco Rail reported standalone revenue of Rs 437.1 crore for FY2026 (up from Rs 423.4 crore) and consolidated revenue of Rs 437.7 crore (down from Rs 510.7 crore in FY2025 due to merger impact). Standalone net profit grew to Rs 191.3 crore from Rs 171.9 crore. The auditors from L.B. Jha & Co. LLP issued a qualified opinion because the company created a Rs 700 crore contingency provision by charging free reserves directly rather than routing it through the profit and loss account—this is unusual accounting treatment for undisclosed risk provisions. Additionally, the company recognised Rs 3 crore exceptional item for new Labour Code implementation costs. Board recommended 75 paise per share dividend and approved up to Rs 200 crore investment in defence business through Texmaco Defence Technologies Ltd. A new real estate segment was also announced.
The modified audit opinion is a red flag—routing a Rs 700 crore contingency provision outside P&L raises questions about risk transparency. Investors should monitor whether this masks operational issues. However, profit growth and dividend payout provide near-term support.