Heavy Buying Railway Stock: Announced Stellar Results – Profits Surge by 196 Per cent, Margins Up, Trading Volume Rises 1.6x in First Hour Today!

The company’s shares have delivered an impressive return of over 330 per cent in just 2 years.

This Small-Cap railway company, part of the Adventz Group, is an engineering infrastructure company engaged in manufacturing rolling stock, hydro-mechanical equipment, and steel castings and constructing rail EPC projects, bridges, and other steel structures.

Texmaco Rail & Engineering Ltd announced stellar results, capturing investor attention from the start of the trading week, with a notable surge in the first hour of today’s session. Trading volumes on the BSE spiked by over 1.5 times.

Financial Performance

As per the Quarterly Results in September 2024, Texmaco Rail & Engineering Ltd recorded a revenue of Rs 1346 crore compared to Rs 805 crore representing a gain of around 67 per cent YoY. The operating profit for the period stood at Rs 132 crore with a margin of 10 per cent compared to Rs 76 crore with a margin of 9 per cent. The net profit stood at Rs 74 crore compared to a profit of Rs 25 crore representing a gain of 196 per cent YoY. Looking at the annual performance, the company generated a revenue of Rs 3503 crore in FY24, compared to Rs 2243 crore in FY23. The operating profit for FY24 was Rs 264 crore, with a net profit of Rs 113 crore compared to a profit of Rs 26 crore.

Share Performance

At the start of today’s trading session, Texmaco Rail & Engineering Ltd opened at Rs 204.65 per share, compared to Friday's closing of Rs 197.60 per share on the BSE. Currently, the company’s shares are trading at around Rs 205 per share on the BSE. The current market capitalization stands at Rs 8,193 crore, and the stock has generated a multi-bagger return of over 330 per cent in the past two years.

Disclaimer: The article is for informational purposes only and not investment advice.