This stock engaged in the business of laying private Railway Sidings on a turnkey basis announced an MoU for EPC services with Indian port Rail and Ropeway Corporation Limited on Thursday.
Stock Performance
With a market capitalization of Rs 836.04 crore, the shares of K&R Rail Engineering Ltd were trading at Rs 293.25 on Thursday, a slight decrease compared to the previous closing price.
What Happened
K&R Rail Engineering Ltd signed an MoU with M/s. Indian Port Rail and Ropeway Corporation Limited for executing major Railways, Roads, Highways, Ports and other projects of larger volume.
The volume of the projects ranges from Rs. 50-5000 crores for the mutual benefit and seamless growth of both the companies within India and abroad.
Company Overview
K&R Rail Engineering Ltd is a railway construction company, primarily engaged in the business of laying private Railway Sidings on a turnkey basis. The company provides services in various fields like engineering, procurement, construction and commissioning. Their works include bridges, civil works, track works, and railway operation and maintenance.
Financial Performance
In the latest quarter, the company reported a 6 percent YoY increase in its revenue from Rs 144 crore to Rs 152 crore. On a quarterly basis however, there was a 6 percent decrease from Rs 161 crore in Q2 FY25.
This was accompanied by an impressive 500 percent YoY increase in net profits from Rs 1 crore to Rs 6.3 crore. On a quarterly basis, the company saw a 20 percent increase in profits from Rs 5 crore in Q2 FY25.
Written by Shwetha Sairam
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