Texmaco Rail & Engineering Limited has informed the Exchange that Board of Directors at its meeting held on May 12, 2026, recommended Final Dividend of Rs. 0.75 per equity share.
TEXRAIL · price
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Texmaco Rail's Board has recommended a dividend of Rs. 0.75 per share (75% on Re. 1 face value) for FY 2025-26, subject to shareholder approval at the ensuing AGM. Standalone revenue grew 3.2% to Rs. 4,371.4 crore while net profit rose 8.6% to Rs. 187 crore with EPS at Rs. 4.64. However, auditors issued a qualified opinion because the company created a Rs. 700 crore contingency provision charged directly to free reserves (bypassing profit and loss) due to geopolitical uncertainties. The Board also approved entry into defence business via subsidiary Texmaco Defence Technologies with up to Rs. 200 crore investment over 3-5 years, and a collaboration with Sigma Rail Systems for railway signalling and safety. Texmaco West Rail Limited was merged with the company with effect from April 1, 2025.
The dividend payout is maintained at a healthy level reflecting consistent cash generation, but the Rs. 700 crore contingency charge (not routed through P&L) raises concerns about risk provisioning and auditor caution, which may create short-term pressure on investor sentiment.