Texmaco Rail & Engineering Limited has informed the Exchange about Announcement under Reg 30 of SEBI LODR
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Awaiting price reaction for this filing.
Texmaco Rail & Engineering reported Q1 FY26 revenue of Rs. 911 crore, down 16.3% year-on-year from Rs. 1,088 crore in Q1 FY25. EBITDA fell 36% YoY to Rs. 79 crore (margin of 8.7% vs 11.3%), and profit after tax dropped 50.5% to Rs. 29 crore (margin 3.2% vs 5.4%). Management attributed the decline to a short supply of wagon wheelsets from Indian Railways and a temporary hold on inspections at Texmaco West Rail, both of which have since normalised. Despite the weak quarter, the order book stood strong at Rs. 7,053 crore, with new wins including a 20-year wagon maintenance contract in Africa, traction orders from the Middle East, and an MoU with Rail Vikas Nigam Limited. CARE Ratings also upgraded the company's long-term bank facilities to CARE A (Stable), while management highlighted expectations of 3-5x growth in component and casting exports over the next 2-3 years.
The sharp YoY decline in revenue and profits is a near-term negative, but management has framed it as a temporary supply disruption rather than a structural issue. The healthy order book, new international contracts, credit rating upgrade, and export growth outlook provide comfort on the medium-term growth story, though investors will watch whether the QoQ momentum recovers in the coming quarters.