Texmaco Rail & Engineering Limited has informed the Exchange about Transcript
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Texmaco Rail & Engineering shared the transcript of its Q3 FY26 earnings call held on 9th February 2026. Q3 FY26 revenue from operations stood at Rs. 1,042 crores, with EBITDA of Rs. 102 crores and profit after tax of Rs. 42 crores. For 9M FY26, revenue was Rs. 3,210 crores, EBITDA Rs. 313 crores (margin ~9.7%), and PAT Rs. 136 crores. Wagon deliveries fell 20–25% year-on-year due to persistent wheel set supply constraints (meeting only 60–65% of demand) and weak exports impacted by US tariffs (30% lower volumes). The company has an order book of Rs. 5,661 crores, including 4,900 wagons worth Rs. 2,140 crores, rail electrification (Rs. 1,800 crores), Kalindee rail infra (Rs. 511 crores), and others (Rs. 1,000 crores). Total debt stands at around Rs. 800 crores with capex of Rs. 75–80 crores projected for the year.
Management unveiled 'Texmaco 2.0', targeting 2x revenue with higher EBITDA margins over the next 3–5 years, supported by a strong order book, diversification into propulsion systems, metro/EMU coaches, wheel sets, iron pellets, and mining. The Jindal acquisition delivered Rs. 230 crores profit before tax in 21 months, validating the investment. The record Rs. 2.93 lakh crore railway budget and recent FTAs with the EU and US are expected to boost the rail manufacturing opportunity, though near-term execution hinges on resolving the wheel set issue and pending government wagon tenders.