This Railway stock, which manufactures and sells Freight Wagons, Passenger Coaches, Metro Trains, and other products, was down 5 percent after reporting a 22 percent quarter-on-quarter decline in net profit.
Share Price Movement
With a market capitalization of Rs. 11,008.23 Crores, the shares of Titagarh Rail Systems Limited were down by 4.7 percent in the day’s trade touching a day’s low of Rs. 810.05 per share. The stock reiterated from the day’s low and were trading at Rs. 817.40 which is 3.85 percent lower than the previous closing price of Rs. 850.10 apiece.
It has delivered a negative return of 15 percent which has underperformed the Nifty Index in the past year.
Q3FY25 Financial Highlights
The company’s stock decline is in focus after reporting financial reports for the month of December 2024, Titagarh Rail Systems’ consolidated revenue from operations has declined by 5.5 percent year on year from Rs. 954.68 crores in Q3FY24 to Rs. 902.18 crores in Q3FY25 and decreased by 14.64 percent quarter on quarter from Rs. 1,056.95 crores in Q2FY25.
The company’s consolidated net profit stood at Rs. 62.77 crores in Q3FY25, a decline of 16.11 percent from Rs. 74.83 crores in Q3FY24. As compared to Q2FY25, the company’s net profit stood at Rs. 80.69 crore.
Business Segments
Titagarh earns 94.52 percent of the operational revenue from Freight Rail Systems and 5.47 percent from Passenger Rail Systems for the December 2024 quarter. The Freight Rail Systems holds a higher margin compared to Passenger Rail in Operating profits. Titagarh earned most of the revenue from India.
Company Overview & Market Share
Titagarh Rail Systems Limited was established in 1984. They are Indian manufacturer of rolling stock which includes freight wagons, passenger coaches, and metro trains while serving markets domestically and internationally. The company has a ~25 to 30 percent market share in Wagon Manufacturing.
Order Book & Capacity Expansion
The order book of the company stood at around Rs. 25,533 crore as of 30th September 2024. They have a proposed FY28 capacity addition to 1,200 p.a from 300 p.a currently for Rolling Stock Capacity.
Written By Santhosh S
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