Rs 8,194 crore order book: Transmission company bags new order worth Rs 187.41 crore from Chhattisgarh State Power Transmission Co. Ltd
The stock gave multibagger returns of 330 per cent in 2 years and a whopping 710 per cent in 3 years.
Texmaco Rail & Engineering Ltd informed that the company has received an order for the construction of 09 (nine) No.132KV transmission lines on a turnkey basis (Total RL: 291 km approx.) valuing Rs 187.41 crore approx. from Chhattisgarh State Power Transmission Co. Ltd., a Government of Chhattisgarh Undertaking, vide its letter of acceptance no. 02-04/SE(TL)/TR-23/12/LOA/ No 2009 dated December 16, 2024, to be executed over a period of 15 months.
Quarterly Results: In the second quarter of fiscal year 2025, the company's net sales increased by 67.2 per cent to Rs 1,345.88 crore, operating profit increased by 82.2 per cent to Rs 148.67 crore and net profit increased by 233.8 per cent to Rs 67.43 crore compared to the second quarter of fiscal year 2024.
Half-yearly Results: In H1FY25, the company's net sales increased by 53.1 per cent to Rs 2,237.59 crore, operating profit increased by 69.5 per cent to Rs 234.80 crore and net profit increased by 236.50 per cent to Rs 96.68 crore compared to H1FY24.
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Today, the shares of Texmaco Rail & Engineering Ltd gained 4.60 per cent to Rs 239.65 per share from its previous closing of Rs 229.10 per share. The company has a market cap of over Rs 9,200 crore. The stock’s 52-week high is Rs 296.60 per share and its 52-week low is Rs 141.85 per share.
Texmaco Rail & Engineering Ltd is an engineering infrastructure company & part of the Adventz Group. The company is involved in the business of manufacturing rolling stock, hydro-mechanical equipment, steel castings & construction of Rail EPC, bridges, and other steel structures. As of September 2024, the company’s order book stands at Rs 8,194 crore.
The stock gave multibagger returns of 330 per cent in 2 years and a whopping 710 per cent in 3 years. Investors should keep an eye on this railway wagon stock.
Disclaimer: The article is for informational purposes only and not investment advice.