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The Economic Times
The Economic Times
Business
Veer Sharma

Texmaco Rail & Engineering shares zoom 13% on strong Q4 show, order win worth Rs 4,045 crore

Texmaco Rail South Africa Texmaco Rail Engineering

Shares of Texmaco Rail & Engineering rallied as much as 13.4% to their day’s high of Rs 119.90 on the NSE on Wednesday after the company reported a net profit of Rs 57.7 crore for the quarter, up 45.1% from Rs 39.8 crore in the year-ago period.

Revenue for the quarter declined 13.3% year-on-year to Rs 1,167 crore from Rs 1,346.4 crore reported in the corresponding period last year. Despite the drop in revenue, EBITDA increased 9% to Rs 106.4 crore compared with Rs 97.6 crore a year ago, while EBITDA margin improved to 9.1% from 7.3%.

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