The Company has declared dividend of Re. 1/- per equity share of face value of Rs. 2/- each for the financial year 2025-26
TITAGARH · price
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Titagarh Rail Systems Ltd board recommended a dividend of Re. 1 per equity share (50% on face value Rs. 2 each) for FY 2025-26, pending shareholder approval at the ensuing AGM. The company also announced complete exit from its European (Italian) operations by writing off its entire investment in associate Titagarh Firema SpA, which had filed for bankruptcy protection. Standalone revenue for FY 2025-26 stood at Rs. 3,143.58 crores with profit after tax from continuing operations of Rs. 163.91 crores. Prior period figures were restated due to accounting errors related to Firema investments totaling Rs. 270.25 crores in exceptional items.
The dividend declaration signals financial stability and rewards shareholders, though the amount is modest. The exit from loss-making European operations is a strategic positive, allowing management focus on core Indian rail business.