Company Order Book of Rs 12,207 crore and JV Share Order Book of Rs 13,326 crore: Metro Rail Engineering Company Received an LOA worth Rs 537.11 crore
The stock gave multibagger returns of 279 per cent in just 2 years and a whopping 1,800 per cent returns in 5 years.
Titagarh Rail Systems Limited has received a Letter of Acceptance (LOA) from Ambuja Cements Limited and ACC Limited, subsidiaries of Adani Cement Limited, for manufacturing and supplying 16 BCFCM Rakes Wagon with BVCM Wagon. The order is valued at approximately Rs 537.11 crore.
Titagarh Rail Systems confirmed that the order does not involve any related party transactions or promoter group interests. The disclosure has been made available on the company’s official website.
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This development reinforces Titagarh Rail Systems' position in the railway manufacturing sector, further strengthening its relationship with major industry players.
The meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 13th of February, 2025, to consider and approve Quarterly Results (Standalone & Consolidated) for the 3rd quarter and nine months ended 31st December 2024.
In the quarterly results of September 2024, the company reported a revenue of Rs 1,056.95 crore, compared to Rs 903.05 crore in June 2024 and Rs 935.45 crore in September 2023. The revenue showed a growth of 12.99 per cent year-on-year and 17.04 per cent quarter-on-quarter.
The net profit for September 2024 stood at Rs 80.69 crore, up from Rs 67.01 crore in June 2024 and Rs 70.59 crore in September 2023. This resulted in a year-on-year growth of 14.31 per cent and a quarter-on-quarter growth of 20.41 per cent. The net profit margin was 7.63 per cent in September 2024, compared to 7.42 per cent in June 2024 and 7.55 per cent in September 2023.
Titagarh Rail Systems Ltd (Formerly Titagarh Wagons Limited), incorporated in 1997, is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Metro Trains, Train Electricals, Steel Castings, Specialised Equipments & Bridges, Ships, etc. The company caters to both domestic and export markets.
Investors can keep this Mid-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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